Ramelax

Problem Statement

Ramelax is building the first on-chain access layer for Argentina’s stock market, transforming one of the world’s most attractive but structurally closed financial ecosystems into a liquid, borderless, and globally accessible marketplace. Today, foreign investors are almost entirely locked out of Argentina’s equity universe due to strict capital controls, local banking requirements, limited trading hours, and regulatory friction. Despite trading over USD 1 billion daily and showing massive international inflows during previous market-opening cycles, Argentina remains inaccessible to the world.Ramelax solves this by creating ATDs , Argentinian Tokenized Deposits, a new regulated, 1:1-backed digital instrument that converts restricted local equities into transferable, on-chain assets. Each ATD is fully collateralized by a real underlying share held in custody, enabling anyone globally to buy, sell, or hold tokenized Argentine stocks with the same ease and speed as crypto. For the first time, investors can access the entire Argentine market without a local bank account, without paperwork, and with 24/7 trading, unlimited global transfers, and full blockchain transparency.The platform integrates a robust compliance engine designed for regulated markets and Web3 environments. All users undergo mandatory KYC, wallets must be whitelisted before interacting with tokenized equities, and advanced risk-scoring tools analyze on-chain behavior to prevent fraud or illicit fund flows. This creates a fully compliant, institution-ready infrastructure aligned with emerging tokenization regulation, including the new CNV frameworks in Argentina.Our business model is based on three pillars: a 0.2% transaction fee on all trades, a 0.3% annual yield on assets under custody, and a scalable tokenization engine that can be licensed or white-labeled for other jurisdictions. The Argentine market is our Phase 1, but our long-term vision is global. Once the ATD framework is proven locally, it becomes a blueprint for tokenizing other emerging markets and eventually building a universal, on-chain marketplace where investors can trade tokenized stocks from any country, 24/7, through a single, interoperable platform.Ramelax bridges traditional capital markets with the global crypto economy, unlocking liquidity, expanding financial access, and creating a new standard for compliant real-world asset tokenization. Our mission is simple: Turn every local stock market into a global, open, and always-on on-chain marketplace.

Solution

Ramelax is built as a hybrid Web2 + Web3 architecture designed to tokenize real-world equities while meeting regulatory requirements. On the blockchain side, we implemented a custom tokenization engine that mints ATDs (Argentinian Tokenized Deposits) as ERC-20 tokens, each fully backed 1:1 by a real equity held in custody. The smart contracts include role-based mint/burn permissions, KYC-gated wallet whitelisting, and event logging to guarantee transparent and auditable collateralization.For KYC and access control, we integrated a compliance layer that verifies user identity off-chain and automatically whitelists approved wallet addresses. Only verified accounts can interact with the token contracts, allowing us to meet regulatory obligations while keeping trading, transfers, and settlement fully on-chain. We used GoPlus and on-chain risk APIs to detect malicious wallet behavior and prevent fraudulent interactions.The backend runs on Node.js, orchestrating custody operations, price feeds, and cross-market settlement. Off-chain proofs ensure that every token minted or burned matches an executed equity trade, and the system exposes a secure API for exchanges or dApps to integrate. Frontend is built with Next.js for a fast, reactive user experience, while Wagmi and Ethers.js handle on-chain connectivity.One “hacky” but impactful innovation was building a simulated cross-market order router that allows 24/7 trading of assets whose underlying markets only operate during limited hours. We solved this by combining delayed settlement logic, oracle snapshots, and a liquidity-buffer model that keeps tokenized markets live even when the traditional exchange is closed.We chose this architecture because it balances regulatory compliance with crypto-native openness, creating a fully transparent, globally accessible, and technically resilient tokenization infrastructure.