Risk framework

Vadium's risk model is designed around the fact that tokenized RWAs inherit risks from both the blockchain environment and the underlying real-world market structure.

Risk	Why it matters	Initial control
Market gaps	Positions can move sharply while the underlying venue is closed	Lower leverage, carry stress, hard caps
Oracle failure	Bad or stale prices can authorize unsafe actions	Freshness checks, sequencer checks, pause states
Execution failure	A valid price does not guarantee unwind liquidity	Multiple RFQ makers, size limits, fallbacks
Issuer / custodian concentration	Many assets can share the same operational stack	Aggregate issuer caps and registry controls
Inventory shortage	Cash collateral does not create RWA inventory	Natural suppliers plus separate inventory facilities
Smart-contract risk	Custom sessions and buy-ins increase complexity	Modular scope, guarded launch, audits
Legal / transfer restrictions	Eligibility can differ by asset and jurisdiction	Asset-specific controls and public disclosures