Documentation.

Conditions are checked before an order exists, not after a match. Identity, accreditation, issuer consent, and transfer restrictions are all order-entry conditions. If a check fails, the order never reaches the book, which is why an order that rests on Liquid is an order that can settle.

Submit your materials and the Street team reviews them, following up if anything is missing. Once review clears, your account is activated for its role. Verification is not a one-off formality: accreditation status is part of every pre-trade check your orders pass through.

Guardrails are rules the issuer sets once, at listing, and the venue enforces on every order, not terms renegotiated per trade. They typically include price bands (a floor and ceiling within which orders may rest) and trading windows (when the market is open). An order outside the band is rejected at entry; there is no override path.

A live book: resting bids and asks at firm prices with visible size, the current spread, and the session’s prints. Depth is on screen before you trade, liquidity is not discovered after the fact through a broker chain.

The book is built on limit orders: a price and a size, firm until filled or cancelled. Orders rest openly on the book and fill when a crossing order arrives. There is no negotiated-block side channel. The book is the market.

A failed check stops that one order and routes it to review. It does not slow the rest of the book.

Matches execute as riskless principal through the broker-dealer: both sides trade at the same on-screen price, and the fill prints to the tape with a timestamped, attributable record.

Your holding is a book-entry position on the register, in your name, updated in real time. What you see is not a statement generated from a downstream copy. It is the record itself, continuously reconciled against shares issued and outstanding.

A holder lends shares and receives cash against them. The position is lent, not disposed of. The structure is designed to provide liquidity without selling the position, and the holder keeps economic exposure while accessing cash.

The treatment of any lending arrangement depends on its specific terms and your individual circumstances. Street does not provide tax advice, consult your own tax adviser before borrowing against a position, and see the liquidity paths guide for how selling, lending, and holding compare.

Positions are held as direct beneficial ownership between the holder and the issuer, no pooled vehicle or fund structure sits in between. Recordkeeping and safeguarding are handled by the platform’s register, and the ownership chain has exactly two ends: you and the company.

Listing is not a loss of control. It is control, encoded. Guardrails (price bands, trading windows, holder eligibility) are yours to set, the venue enforces them on every order, and your register is always current because fills write to it directly.

Street is in early access. The regulated functions this documentation describes — broker-dealer execution, the transfer-agent register, and the alternative trading system — have registrations in progress, pending regulatory approval, and the platform operates accordingly until they are granted. Documentation is written against the platform as designed, so participants know exactly what they are onboarding toward.