Repurchase agreements,
settled on Hedera.
Tenor moves repo settlement on-chain. Lenders sign quotes, borrowers post collateral, and every action is recorded to an immutable audit trail on Hedera Consensus Service.
How a repo settles
Lender signs a quote
The lender defines terms like principal, repurchase price, maturity, and haircut, then commits with an EIP-712 signature. No transaction, no gas.
Borrower opens the repo
The borrower reviews the signed quote, posts collateral, and calls openRepo on the smart contract. Principal transfers from lender to borrower atomically.
Settlement at maturity
At maturity the borrower repays the repurchase amount and recovers collateral. Early repayment is supported. If the borrower does not repay, the lender keeps the collateral.
What makes it work
Scheduled unwind
The closing leg is scheduled on-chain at open. At maturity, the Hedera network executes settlement automatically. No keeper, no bot, no one needs to be online.
EIP-712 typed signatures
Lenders commit off-chain with typed data signatures. Quotes are gasless until a borrower executes them on-chain.
Hedera smart contracts
TenorSettlement runs on Hedera EVM with fast finality, low fees, and native scheduled transactions for automatic maturity settlement.
ATS compliance built in
Security tokens enforce transfer restrictions at the contract level. Unauthorized transfers revert automatically with no off-chain gating required.
HCS audit trail
Every lifecycle event is published to Hedera Consensus Service, creating a tamper-proof, timestamped record visible to all parties.