Platform in private beta — enquiries welcome

Governance that makes commodity fraud structurally impossible.

Obelisk Pro is a non-custodial platform that brings verified identity, authenticated documents, enforced sequencing and a complete audit trail to physical spot commodity transactions — without ever touching funds, executing trades, or advising on deals.

The Problem

Physical commodity trading is broken at the foundation.

A single crude oil cargo can be worth $200 million. A nickel shipment can clear half a billion dollars on paper. These markets move extraordinary sums every day — and they do it on a chain of documents that has barely changed in decades.

Those documents can be forged. Counterparties can be fabricated. Inspections can be recycled. Authority can be misrepresented. When that happens, the losses are catastrophic — for the parties, the banks, and the wider market. This is not a rare risk. It is a systematic one.

$3.5bn
Court judgment in the Hin Leong collapse — forged documents and fabricated oil salesGTR / Bloomberg, 2024
$577m
Trafigura's loss after nickel containers arrived filled with rubble, not metalTrafigura statement, Feb 2023
$2.5tn
The global trade finance gap — fraud and KYC failure are key structural causesAsian Development Bank, 2025
$20bn+
Liquidity withdrawn as major banks exited commodity finance after fraud lossesDeutsche Bank / GTR, 2020–2023
The Answer

Obelisk Pro — governance the market has always needed.

Obelisk Pro ensures that every participant is real, every document is authentic, every disclosure is approved, and every action is permanently recorded — before anything moves forward. Not by policy. By the system.

It restructures the pre-trade and trade lifecycle from the ground up, so none of the conditions that enable commodity fraud — unverified identity, recycled documents, premature disclosure, bypassed sequencing — can exist within its environment.

Non-custodial by design. Obelisk Pro does not hold funds, execute trades, match counterparties, set prices, or provide financial advice. All commercial negotiation and settlement occur directly between counterparties, outside the platform.
How It Works

Three systems. One enforced standard.

The Obelisk Standard

No stage can be skipped. No module can override another.

01

Document Integrity

Every file analysed for tampering, forgery and reuse before acceptance.

02

OVE Evaluation

Trust and risk assessed across identity, sanctions and consistency.

03

Workflow Gate

No out-of-sequence action passes. Verification precedes progression.

04

Immutable Anchor

Every decision recorded permanently in the Integrity Ledger.

Platform Modules

Seven modules. One integrated system.

Each has a defined purpose and clear boundaries. None acts alone — every platform action requires simultaneous alignment across identity, verification, workflow and audit layers.

IAM

Identity & Access Management

KYC, KYB and authority validation so every account is a real, verified entity acting within scope.

OVE

Obelisk Vetting Engine

The intelligence core — continuous evaluation of parties, documents and actions.

ODM

Open Dynamic Market

The workflow engine that enforces the mandatory trade document sequence, without exception.

SCX

Secure Communication Exchange

Self-hosted, encrypted, metadata-free messaging inside every Deal Room.

DIL

Document Integrity Ledger

Permanent, unalterable record of every hash, verdict and approval.

DIA

Digital Intelligence Assistant

Read-only, searchable access to the full audit record for compliance and review.

ADM

Admin Management Console

The governance and configuration layer — every change logged immutably.

Metals & Minerals

Qenra

The same governance framework, with a purpose-built Open Dynamic Market for battery materials, base and precious metals, rare earths and strategic minerals. In active development.

Explore Qenra →
Coming Soon

Thalor

A logistics intelligence layer that tells you whether a trade can actually execute — before you commit. Coming soon to the Obelisk Pro platform.

In development
Compliance & regulatory alignment. Obelisk Pro is designed and operated in alignment with the Commodity Trading Act (CTA), MAS Technology Risk Management Guidelines, MAS AML/CFT Notice 626, and the Personal Data Protection Act (PDPA). It does not conduct any activity regulated under the Payment Services Act or the Securities and Futures Act.
One Group, Three Engines

Part of Obelisk Global.

Core platform environment

The Deal Room — where governance meets the reality of physical trade.

Verified parties. Controlled disclosure. A complete, immutable record. The Deal Room eliminates the risks of unstructured trade before a single document changes hands.

The Problem It Solves

In unstructured trade, the risk begins the moment documents move.

Unknown identities. Unverified authority. Sensitive commercial information disclosed before any meaningful commitment has been made. No record of what was shared, what was agreed, or who approved what.

The Obelisk Pro Deal Room removes every one of those exposures — not by policy, but by enforcing them at the workflow level.

Activation

A Deal Room is earned, not assumed.

A Deal Room can only activate once every pre-engagement condition has been satisfied. Both parties must be verified. Their authority must be confirmed. All documents must have passed through the verification chain.

Only then does it open — and from that point, every action inside it is governed, logged, and enforced by the platform automatically.

  • 01
    Letter of IntentSubmitted by the Buyer to open the mandatory trade sequence.
  • 02
    Soft Corporate OfferSystem-generated by the platform from the Seller's FCO — never uploaded or edited by users.
  • 03
    Irrevocable Corporate Purchase OrderSubmitted by the Buyer to complete and validate the sequence.
Inside the Room

Structured access. Structured disclosure. Structured record.

Visibility is role-determined and system-controlled. Principals see what they are entitled to see. Mandates see appropriately redacted versions. Brokers, intermediaries and introducers have no access — they are blocked at the workflow level, not by policy alone.

The Full Corporate Offer, Proof of Funds and Proof of Product are withheld by default. Disclosure requires explicit, individual approval from both the Buyer Principal and the Seller Principal. The platform does not permit blanket consent, and it does not allow one party to disclose on behalf of another.

Every communication travels over the Secure Communication Exchange — a self-hosted, encrypted messaging infrastructure running entirely within Obelisk Pro's own environment. No external servers. No third-party services. Messages are metadata-free and identity-bound. When the Deal Room closes, the audit record is complete, immutable, and available for any compliance review or regulatory inquiry.

Non-custodial throughout. The Deal Room governs how a transaction is structured and recorded. It never holds funds, executes trades, or matches counterparties — all commercial negotiation and settlement happen directly between the parties, outside the platform.
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How the rest of the platform works.

The intelligence core of the platform

OVE — the verification standard every serious transaction deserves.

The Obelisk Vetting Engine evaluates every participant, every document and every proposed action — continuously — and issues the binding verdict that determines what happens next.

Why It Exists

The Hin Leong and Trafigura frauds were failures of verification.

In both cases, documents were accepted that concealed the true nature of the underlying transactions, and counterparties were trusted without the evidence to support that trust.

OVE is the platform's structural answer. It does not perform a single check and move on — it applies a multi-dimensional framework across every stage of every transaction, and no workflow transition is permitted without a non-blocking OVE result.

What OVE Evaluates

Every dimension of risk that matters in physical trade.

  • 01
    Counterparty legitimacyLegal existence, beneficial ownership, trading history and entity credibility for every buyer, seller and representative.
  • 02
    Document authenticityEvery submitted document is analysed for tampering, metadata inconsistencies, forgery indicators and reuse patterns before acceptance.
  • 03
    Sanctions & regulatory exposureAll parties screened continuously against global sanctions lists, PEP registers and AML risk indicators.
  • 04
    Cross-document consistencyEvery document in the trade set is validated as internally consistent and aligned with the declared terms.
  • 05
    Authority legitimacyEvery action is verified against the confirmed authority scope of the user taking it — with no exceptions.
  • 06
    Behavioural risk signalsPatterns inconsistent with legitimate trade activity are flagged for compliance review before they can cause harm.
The Verdict

Clear decisions. Every time.

OVE produces one of three outcomes: clear for progression, block pending resolution, or escalate to compliance. These are not recommendations — they are system verdicts that the workflow enforces.

The chain runs in fixed sequence — document integrity analysis, OVE trust and risk evaluation, workflow gate enforcement, immutable audit anchoring — and no stage can be skipped, no module can override another.

OVE does not make commercial decisions. It does not determine whether a transaction is worth doing. It determines whether the verification conditions for proceeding have been met. That is a standard the market has needed for a long time.

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Where OVE's verdicts are recorded.

Permanent. Unalterable. Independently verifiable.

DIL — the record the market has always needed but never had.

In a dispute or a regulatory inquiry, what matters is not what the parties claim happened. It is what can be proved. The Document Integrity Ledger makes proof structural.

Why It Matters

A verifiable record of what was represented, when, and by whom.

The Hin Leong case turned on the inability of the parties to establish exactly that. The Trafigura fraud persisted partly because there was no mechanism to detect document-level inconsistencies across the chain before capital was committed.

Every document hash, verification result, disclosure approval, workflow transition and administrative action is recorded in DIL the moment it occurs — in a form that is permanent, unalterable, and independently verifiable.

What Gets Recorded

Proof without exposure.

DIL does not store document content. It stores cryptographic fingerprints — one-way representations that prove a document's authenticity and integrity without ever revealing what is in it.

  • 01
    Document fingerprintsCryptographic hashes of every uploaded document, with full submission lineage.
  • 02
    Verification decisionsAll OVE verdicts, risk scores and anomaly flags.
  • 03
    Screening eventsAll sanctions and regulatory screening results.
  • 04
    Disclosure approvalsWhich Principal approved which document, and exactly when.
  • 05
    Workflow transitionsEvery state change, timestamped, with the acting user's identity.
  • 06
    Compliance & admin eventsAll override events with justification codes, and every configuration change.
External Anchoring

Independent proof, anchored to Solana.

For transactions requiring the highest standard of independent proof, DIL anchors document fingerprint hashes to the Solana blockchain — creating a tamper-resistant integrity record outside the platform entirely, which auditors and regulators can validate independently.

No document content is transmitted. No personal data leaves the platform. No smart contracts are deployed. No tokens are used. Solana functions purely as an external integrity surface.

When a question arises — about a disclosure, a verification decision, a submission, a transition — the DIL has a complete, timestamped, cryptographically verified answer. That is the standard of accountability the market has always needed and never had a practical way to enforce.
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The intelligence behind the record.

The architecture of the platform

Seven modules. Every one matters.

Obelisk Pro is built on seven integrated modules. Each has a defined purpose and clear boundaries — and none acts alone. Every action requires simultaneous alignment across identity, verification, workflow and audit.

This is what makes the platform structurally sound rather than policy-dependent. A rule that can be bypassed is a suggestion. In Obelisk Pro, the rule is the system.

IAM — Identity & Access Management

Trust starts with knowing exactly who you are dealing with. IAM ensures every account corresponds to a real, verified individual or legal entity, and that every action stays within their confirmed authority scope. It validates identities through KYC and KYB, verifies Powers of Attorney and Letters of Authority, and assigns every user to the appropriate authority class. Impersonation and privilege escalation are structurally prevented.

OVE — Obelisk Vetting Engine

The intelligence core. OVE evaluates every participant, document and proposed action — continuously — and issues the authoritative verdict that determines whether a workflow can proceed. When OVE clears something, it has genuinely been evaluated. When OVE blocks something, there is a reason — and that reason is permanently recorded.

ODM — Open Dynamic Market

The workflow engine. ODM enforces the mandatory trade document sequence — Letter of Intent, Soft Corporate Offer, Irrevocable Corporate Purchase Order, and every stage that follows — automatically, without exception. No out-of-sequence action gets through. ODM generates Soft Corporate Offers directly from Seller FCOs; users cannot upload or modify them. The sequence is the sequence.

SCX — Secure Communication Exchange

Self-hosted, encrypted messaging deployed entirely within Obelisk-controlled servers, using no external platforms. Every Deal Room communication travels through SCX. Messages are session-encrypted, metadata-free and identity-bound. Channels open when ODM authorises the Deal Room and close when the workflow progresses. Content is never retained after transport.

DIL — Document Integrity Ledger

The memory of the platform — permanent, unalterable and independently verifiable. Every hash, verification outcome, disclosure approval, workflow transition and compliance event is recorded the moment it occurs. Records cannot be modified or deleted, and fingerprint hashes can be anchored externally to Solana. No document content is ever transmitted externally.

DIA — Digital Intelligence Assistant

Compliance and audit need visibility. DIA provides structured, searchable, read-only access to the full audit record — document cluster summaries, cross-document consistency analysis, exception reports and regulator-facing traceability. A Compliance Officer can reconstruct a full deal lifecycle in minutes. DIA is a Post-MVP module.

ADM — Admin Management Console

The governance and configuration layer. Authorised governance roles manage system settings, workflow rules and verification thresholds. Operational roles cannot access ADM functions, and every change is logged in DIL as a permanent, timestamped, immutable audit record.

One integrated system. Seven modules, four enforced layers — identity, verification, workflow and audit — aligned on every action. That is what makes governance structural, not optional.
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See the modules at work.

In active development — enquiries welcome

Qenra — the same standard, built for metals and minerals.

Physical metals and minerals trading is among the most fraud-prone, documentation-intensive markets in the world. Qenra brings the Obelisk Pro governance framework to it, with a purpose-built Open Dynamic Market.

The Market

A market marked by recycled inspections and painted rocks.

Trafigura's $577 million nickel loss — containers of rubble sold as metal — was a dramatic example of a systemic problem. The sector has been marked for years by fake warehouse receipts, recycled inspection evidence, misrepresented origin and duplicate shipping documents.

Standard governance frameworks, built for other asset classes, have never been fit for the specific complexity of this market. Qenra is the answer to that gap.

The Approach

Same governance architecture. Enforcement built for this market.

Built on the same operating system as Obelisk Pro, Qenra brings a purpose-built Open Dynamic Market to physical metals and minerals trading — with commodity-specific governance logic designed for the documentation intensity, origin sensitivity and verification demands of the sector.

Verified counterparties, authenticated documents, controlled disclosure and a complete immutable audit trail — the standard Obelisk Pro brings to refined petroleum, built for metals and minerals.

Coverage

The full spectrum of materials that matter.

LithiumNickelCobaltGraphiteManganeseCopperGoldSilverRare earth elementsStrategic minerals
Qenra is in active development. For participants who want to operate at the Obelisk standard in metals and minerals, enquiries are welcome.
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