The actions for an issuer in a primary issuance context follow a typical ordering:
- Configure assets/rounds/allocations
- Create customers
- Record investment interest
- Record receipt of funds
- Issue securities
- Tokenize securities (optional)
The sections of this chapter are laid out to follow this sequence.
Syndication
An issuer may choose to syndicate the fulfillment of a round by inviting brokers to participate. In this circumstance, the broker is effectively a quasi-issuer for that round and can perform certain similar functions to that of an issuer, specifically, creating allocations and distributions. Please refer to the appropriate sections under Issuer Actions for API details.