I. SeaSeed Network (SSN) Overview
1. What is SeaSeed Network (SSN)?
Overview
SeaSeed Network (SSN), a Purpose-built Layer 1 for Financial Tokenization, provides a robust RWA layer 1 blockchain for the seamless integration of financial assets into the web3 space. Aimed at bridging the gap between traditional and decentralized finance, SeaSeed Network is constructing a banking-grade platform to foster trusted infrastructure, robust security, and open ecosystem. SeaSeed Network is publicly accessible for interaction, ensuring regulatory compliance and the safety of RWA assets by exclusively permitting prestigious financial institutions worldwide.
SSN Testnet
Live
SSN Mainnet
Launch on December 2024
Key Advantages of SSN
Trusted Infrastructure: Banks and other FIs as validator nodes through the Governing Council
Robust Security: Regulatory-compliant Investment Products - directly issued from licensed FIs.
Open Ecosystem: Collaborative environment where ecosystem partners can develop and build community around it.
2. Why Choose SSN, A Dedicated RWA Layer-1?
Traditional financial institutions face significant hurdles in building public blockchains: stringent regulatory compliance, operational complexities, and the need for specialized infrastructure. Currently, public blockchains often lack the necessary security for handling high-value assets. Conversely, while private blockchains offer control, they struggle with interoperability and liquidity. While Ethereum and other Layer-1s have made significant strides, the unique demands of real-world asset tokenization necessitate a specialized platform.
Meanwhile, on-chain native communities such as DAOs and foundations represent a significant portion of the Web3 ecosystem but have very limited access to real-world asset classes for investment. Crypto native communities have few avenues to diversify their portfolios with traditional assets like real estate, commodities, or equities. This restricted access hampers their ability to hedge against market volatility and optimize returns.
SeaSeed Network addresses these challenges by providing a dedicated layer-1 platform tailored for real-world asset tokenization. Our solution combines the best of both worlds: the security — the accessibility — the customization. By partnering with reputable financial institutions as validators, we establish a robust security framework essential for handling high-value assets. This unique approach accelerates institutional adoption, expands investment opportunities for DeFi participants, and paves the way for a more inclusive and interconnected financial ecosystem.
Bridging the Gap Between TraFi and DeFi
SeaSeed Network is committed to bridging the gap between traditional finance and the decentralized world while maintaining the highest standards of trust and security. This democratizes the investment landscape and fosters broader adoption of blockchain technology for TradFi and crypto users. By offering a regulated and compliant platform, we empower Web3 users to invest in assets backed by real-world value. Our collaboration with trusted financial institutions ensures that tokenized assets on SeaSeed Network are backed by solid fundamentals, providing investors with a higher level of confidence and protection.
The Future of Finance is where Everything is Tokenized. The financial landscape is rapidly shifting towards a decentralized and digitized future. SeaSeed Network is at the forefront of this transformation. Empowering financial institutions to unlock the true potential of tokenized assets, we pave the way for innovation and prosperity in the Web3 era.
Built on a robust decentralized infrastructure, SSN provides users with a seamless experience, facilitating instant, low-cost, and transparent transactions across a wide range of applications and industries. The platform leverages smart contracts, decentralized applications (dApps), and tokenized assets to empower businesses, financial institutions, and individual users to transact in a reliable, secure, and compliant environment.
Key Advantages of SSN
Cost-Effective Transactions: SSN’s network architecture minimizes transaction fees, making it ideal for high-frequency and micro-transactions.
High Speed and Scalability: Built with advanced consensus algorithms, SSN processes transactions rapidly without compromising security, making it suitable for real-time financial applications.
Interoperability: Seamlessly integrates with other blockchain ecosystems, bridging assets and data across networks.
Regulatory Compliance: SSN is designed with a comprehensive compliance framework, enabling enterprises to meet regulatory standards while transacting on-chain.
Customizable Ecosystem: With SSN’s flexible infrastructure, businesses can build tailored solutions that align with specific industry needs, whether in finance, logistics, healthcare, or digital identity management.
Security-First Approach: SSN’s security protocols ensure data integrity, safeguard user assets, and defend against potential threats, creating a trusted environment for users and developers alike.
3. Why Permissioned Public Blockchain Are Crucial for FI
Traditional public blockchains provide transparency and decentralization but often lack the regulatory safeguards needed by FIs. Meanwhile, private blockchains, while secure, limit interoperability and openness. Permissioned public blockchains bridge this gap by enabling only verified participants to validate transactions, thereby meeting strict compliance standards like Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements. This balance allows FIs to leverage the cost-efficiency and speed of blockchain while ensuring regulatory adherence, making them ideal for large institutions that need controlled transparency and accountability.
Moreover, the Basel Committee on Banking Supervision address specific risks posed by permissionless blockchains, including:
Lack of Oversight: Permissionless blockchains lack centralized control over validators, which raises concerns about governance, security, and accountability in financial transactions.
Regulatory Challenges: Permissionless blockchains struggle with KYC (Know Your Customer), AML (Anti-Money Laundering), and CFT (Countering the Financing of Terrorism) compliance, making it difficult for banks to adopt them without significant regulatory risk.
Settlement Risk: Unlike traditional assets, many permissionless blockchains don’t offer settlement finality, increasing the risk of transaction failure, especially during times of high transaction volumes.
Operational Risks: Issues like hard forks (splits in blockchain) and low transaction throughput can severely hinder performance, particularly during financial crises when many users attempt to withdraw assets simultaneously.
High Cost for Banks: Due to these risks, the Basel Committee imposes high regulatory costs on banks holding assets on permissionless blockchains, making it prohibitively expensive for them compared to permissioned blockchains.
4. Why a Dedicated RWA Layer-1 like SeaSeed Network?
SeaSeed Network exemplifies the benefits of a permissioned public blockchain tailored for financial institutions. Through strategic partnerships with leading licensed financial institutions across Asia-Pacific, including Bank BTN, SaiSon Capital, and UOB Venture Management, SeaSeed ensures that its validator nodes are operated by trusted entities. This setup not only provides a secure and compliant environment for tokenizing real-world assets (RWAs) but also establishes a reliable framework for cross-border asset transfers and transactions.
Our mission is to empower the Asia-Pacific market by integrating trusted, regulated financial institutions as backers, validators, and asset issuers, offering both institutional-grade security and DeFi composability for real-world assets.
5. Architecture and Technical Stacks of SSN
Architecture Stack
Technical Stack
6. Security Protocols
Layered Security Model
SSN adopts a multi-layered security model that addresses both network and application-level threats, combining cryptographic algorithms, secure consensus mechanisms, and continuous monitoring. Key security protocols include:
Consensus Mechanism: SSN utilizes a highly secure consensus protocol (e.g., Proof of Stake) to verify transactions, prevent double-spending, and ensure network integrity.
End-to-End Encryption: All data is encrypted at rest and in transit, using advanced cryptographic standards to safeguard user information and transaction details.
Multi-Signature Wallets: SSN supports multi-signature wallets to enhance the security of digital assets, requiring multiple approvals before transactions are executed.
Threat Detection and Response: The network incorporates real-time threat detection and an automated response system to identify and mitigate potential attacks promptly.
Smart Contract Audits: All smart contracts deployed on SSN undergo rigorous security audits to prevent vulnerabilities that could lead to exploitation or loss of funds.
Regular Penetration Testing: Routine penetration testing ensures that the network’s defenses remain effective against evolving cyber threats.
7. Compliance Framework
Compliance Standards and Regulations
SSN is committed to maintaining a high level of compliance with regulatory standards, making it a trusted partner for businesses in regulated industries. The compliance framework is designed to address global and regional regulations, including anti-money laundering (AML) and counter-terrorism financing (CTF) protocols. Core components include:
Know Your Customer (KYC) & AML: SSN requires rigorous KYC and AML procedures, allowing businesses to verify the identity of participants and reduce the risk of illicit activities.
Privacy and Data Protection: Complies with global data privacy regulations, such as GDPR, ensuring that user data is protected and managed transparently.
Smart Contract Compliance Modules: SSN supports compliance modules that can be integrated into smart contracts to enforce regulatory requirements automatically, such as transaction limits and identity verification.
Audit Trails and Reporting: Provides detailed, immutable audit trails for all transactions, allowing for efficient regulatory reporting and improved transparency.
Collaborative Compliance Initiatives: Actively collaborates with regulatory bodies and industry organizations to stay updated on evolving compliance standards and to ensure the network remains adaptable to regulatory changes.
Global Reach, Local Compliance
SSN’s compliance framework adapts to local regulations in each region where it operates, supporting global adoption while respecting jurisdictional laws and practices.
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