Visual Data
The whole room, at a glance.
Every chart below is built from the documents in this room, primarily the five-year model v8 (June 2026). Each card names its source and links straight to it; nothing here exists that you cannot verify one click away.
01
The raise
The headline numbers an investor needs before anything else.
$3M
Pre-Seed round · opens July 1, 2026
$10M
Pre-money valuation
$300K
Committed: $50K angel + $250K first tranche
30%
BC EBC tax credit · TFSA / RRSP eligible vehicle
One sentence: a $3M pre-seed at $10M pre-money, opening July 1, 2026, with $300K already committed and a BC CCPC + EBC structure that hands BC investors a 30% tax credit.
02
Market
What is proven, what is forecast, and the wedge 4orm actually enters through.
Tokenization: proven scale vs forecasts
US$ · LOG-STYLE COMPARISON, NOT TO SCALE
BoC Samara (proven)C$100M settled
JPM Kinexys (live)$1.5T+ processed
McKinsey 2030 (base)$2T tokenized RWA
BCG + Ripple 2030$9.4T tokenized RWA
Read it this way: green bars already happened; blue bars are forecasts. The thesis does not require the big forecasts, only that regulated institutions keep doing what JPM and the Bank of Canada are already doing.
Interac e-Transfer settlement pool
ANNUAL VOLUME, C$B · MODEL TAM INPUT
202620272028202920302031
The wedge: the model assumes 4orm captures a maximum of 0.03% of this pool by 2031, worth $0.7M cumulative. Even the smallest bar is half a trillion dollars a year.
03
Product architecture
The deposit-token lifecycle the platform operates, and how much of it is designed versus deliberately gated.
One deposit, end to end
1 Deposit
Fiat deposited with a regulated FI
2 KYC / AML
FI verifies; recorded in core banking
3 Issuance
Token minted 1:1 against the deposit
4 Lock & mint
Locked in platform escrow on source chain
5 Transfer
Provider moves message + value
6 Unlock & mint
Verified, minted on destination
7 Utilization
Lending, payments, onchain apps
8 Redemption
Burned; FI releases fiat back
The control story: settlement finality requires treasury + custody + canonical ledger confirmation together. Blockchain confirmation alone is never institutional finality. The slide-by-slide visual walkthrough is in the Product folder.
Designed vs deliberately open
SPECIFICATION STATUS ACROSS THE DESIGN
Lifecycle mechanicsDESIGNED
Operational controlsDESIGNED
Product definitionOPEN · WITH COUNSEL
Policy specificityOPEN · KYC/AML SET
Interop mechanicsOPEN · LATER PHASE
DESIGNEDUNSPECIFIED, GATED TO BUILD PHASE WITH COUNSEL
Why the yellow is a feature: legal wrapper, instrument classification, and redemption rights are regulatory decisions. Deciding them with Fasken and Capiche during the build is the compliant order of operations.
04
Team
Eleven people, three layers, every regulated domain covered by someone who has done it before.
Team composition
Founders, full-time build3
Securities law firms2
Domain advisors6
Not ornamental: each advisor owns an active roadmap workstream, from the CFA-audited model to the bank-grade systems architecture.
Domain coverage, years of relevant experience
Securities law45+ COMBINED
Compliance22 YRS · CCO x3
Systems architecture20 YRS · REGULATED
Capital markets25 YRS · $500M+
Real assets18 YRS
Growth & brand22 YRS
Ops & research40+ YRS
The honest gap: senior engineering and compliance leadership in full-time seats. Funded as a use of proceeds; recruiting is live.
05
Financial model v8
All figures calculated in the live workbook (June 6, 2026 edition), rendered sheet by sheet in the room. CFA-built and audited.
Revenue ramp, annual
TOTAL REVENUE + GRANTS · C$M · 4 FIs + E-TRANSFER + SAVINGS SHARE
202620272028202920302031
Why 2026 is zero: the build half-year earns nothing by design. Revenue starts when ATB and Bow Valley onboard in 2027, then compounds as Vancity and Servus join in 2028. Five-year total: $127.1M.
Where the $127.1M comes from
SaaS + APIs ($25K/mo)$46.0M
Issuance fees (0.5%)$44.5M
Custody fees (30 bps)$24.8M
Settlement + trading + e-transfer$6.9M
Savings share + grants$5.0M
The shape that matters: 71% of revenue is SaaS and issuance, contracted streams, not trading speculation. Volume-based lines stay a minority through 2031.
Revenue by institution, 5-year
ATB Financial$58.7M · FROM 2027
Vancity$32.3M · FROM 2028
Servus$25.6M · FROM 2028
Bow Valley CU$4.9M · FROM 2027
E-Transfer + savings$3.4M
Concentration, stated plainly: ATB is 47% of five-year revenue. That is why the partnership documents treat the ATB relationship as the single most important commercial asset in the plan.
Net income ramp
NET PROFIT (LOSS) · C$M · AI BUILD SCENARIO
202620272028202920302031
One loss year: the gold bar is the build half-year. Profitable from 2027 onward; five-year net income $101.9M at a blended gross margin of 80.2%.
AI build vs traditional build
5-YEAR TOTAL EXPENSES · C$M
AI-augmented build$25.2M
Traditional build$34.0M
The delta is $8.8M over five years, roughly 35% lower DevEx headcount plus leaner ops. The model carries both scenarios side by side; the toggle is on the Control Panel sheet.
Non-dilutive capital, scheduled
| Program | Scheduled |
|---|---|
| NRC IRAP + Digital Supercluster | $1,000,000 |
| SR&ED tax credits (35% of R&D) | $430,000 |
| Alberta Innovates + PrairiesCan | $500,000 |
| Innovative Solutions Canada + Mitacs | $300,000 |
| Total flowing into the P&L | $2,230,000 |
Context: $2.23M of scheduled non-dilutive capital is 74% of the size of the $3M round itself, from 170+ programs already mapped.
07
Partner institutions
The four financial institutions the model is built on, sized from their own annual reports.
The institution base
| Institution | Deposits | Lending | AUA |
|---|---|---|---|
| ATB Financial | $43.3B | $29.1B | $37.2B |
| Vancity CU | $25.0B | $18.0B | $30.0B |
| Servus CU | $20.0B | $15.0B | $20.0B |
| Bow Valley CU | $2.0B | $1.2B | $1.5B |
The model touches 1% to 5% of these bases over five years, never more. ATB figures are sourced line by line from its FY2025 annual report.
Onboarding ramp
REVENUE CONTRIBUTION WINDOW · 2026 TO 2031
ATB Financial
Bow Valley CU
Vancity CU
Servus CU
202620272028202920302031
Half-ramp first: each institution contributes at 50% in its first two quarters, full run-rate after. No revenue is booked before a partner is live.
PTR
Path to revenue
Build progress by workstream, mirroring the live tracker on the Path to Revenue page.
Where the build stands, workstream by workstream
Marketing & web80%
Capital & pre-seed45% · OPENS JUL 1
Legal & corporate40%
Team & talent38%
BD & go-to-market30% · ATB LIVE
Product & engineering24%
Investor pipeline24%
Grants & non-dilutive20%
Compliance & regulatory18% · FILINGS AHEAD
Honest reading: the storefront is nearly done, the raise machinery is structured, and the deep build (product, compliance) is funded by this round. That is the correct order for a regulated platform, and it is the same story the 30-60-90 plan tells in detail.