broAssets

A broAsset is a Sui coin that gives you 1:1 exposure to a real underlying. Buying mints one to your wallet; selling burns it back for USDC.

Backing

Each broAsset is backed by the real underlying held in a broker-controlled Ika dWallet. When you buy broAAPLx, the broker sources AAPL exposure and holds it in custody; the broAsset in your wallet is a claim on that reserve. Supply can never exceed reserves for a healthy market, and the market page flags any asset where coverage should be checked.

Naming

• bro is the prefix for every asset issued by the broker.
• Tokenized equities keep an x suffix, matching xStocks-style naming: broAAPLx, broTSLAx.
• Native crypto keeps its ticker: broSOL, broJUP.

Mint and burn

Only the broker can mint or burn a broAsset, and only against a filled order. The treasury capability for each coin is managed in a separate on-chain package from the order logic, so minting authority is isolated and auditable.

• Buy: your USDC is escrowed, the broker fills, and a broAsset is minted to your wallet.
• Sell: your broAsset is escrowed, the broker pays USDC, and the broAsset is burned.

Custody

Reserves live in an Ika 2PC-MPC dWallet controlled by the broker. Ika lets the broker hold and move assets across chains without a bridge, which is how a Sui-native broAsset can be backed by an asset that settles on another network. See Proof of reserve.