# Token Issuance Framework The Asset Issuance Framework standardises how real estate assets and related financial instruments are created and represented on Integra. It provides a set of issuance patterns and reference contracts that issuers can adopt while preserving flexibility for different legal structures and jurisdictions. Issuers begin by defining an issuance profile that specifies: * The legal wrapper (for example, SPV, fund, trust, or direct title-linked structure where permitted) * The governing jurisdiction and applicable regulatory regime * Investor eligibility criteria and distribution channels * Rights associated with the token (economic rights, voting rights, governance mechanisms) * Transfer restrictions, lock-up conditions, and redemption rules Based on this profile, the framework instantiates audited reference contracts that integrate with the Compliance Layer, Identity Layer, and Asset Passport. Primary issuance can follow fully on-chain subscription flows, hybrid flows where agreements are executed off-chain and allocations recorded on-chain, or institutional workflows coordinated by intermediaries. Lifecycle management is handled through standardised operations for updating disclosure documents, processing corporate actions (such as splits, consolidations, and buy-backs), adjusting distribution schedules, and performing redemptions or wind-downs where legally required. All significant lifecycle events are recorded in the corresponding Asset Passport, ensuring a consistent audit trail that links on-chain token state to off-chain legal and operational realities. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://whitepaper.integralayer.com/core-native-dapps/token-issuance-framework.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.