Cash-flow reconciliation
Read-only access to controlled bank and custodian accounts. Expected repayments and rent are matched against actual inflows every day, with immediate alerts when they diverge.
Independent verification for tokenized real-world assets
The assets behind your tokens,
independently verified. 24/7.
Attestations are snapshots. Blacknorth is the security camera. We reconcile actual cash flows and asset registries against what is reported on-chain — continuously — and publish signed verification results investors can rely on.
- Daily reconciliation
- Read-only account access
- Signed, auditable results
The problem
Trust failures happen between the snapshots.
Markets move daily. Truth updates monthly.
Tokenized assets trade around the clock, but the state of the underlying loans and properties is reported monthly or quarterly at best. Prices are live; the facts beneath them are stale.
Issuers grade their own homework.
Investors see what issuers choose to report. There is no independent way to confirm that repayments actually arrived, that defaults were disclosed, or that funds stayed where they were supposed to.
Failures build up quietly.
Stablecoin depegs and real estate crowdfunding scandals share a pattern: the problems accumulated between scheduled checks, and surfaced only when it was too late to act.
How it works
Three modules, one continuous record.
Registry & lien monitoring
Automated checks of title registries and lien filings surface double-pledging and undisclosed encumbrances — before they become investor losses.
Signed verification reports
Every result is timestamped and signed, building an auditable trail over time. Reports are published to investors — and, optionally, on-chain.
Who it's for
Built for issuers who want to be checked.
Real estate operators & ST issuersJapan — 不動産特定共同事業法 (Fu-toku-ho) operators and security token issuers
A credible third-party trust mark that differentiates you from scandal-hit peers — and gives investors a reason to come back.
Tokenized private credit & RWA issuersUnited States — private credit funds and RWA platforms
Continuous assurance for institutional LPs between attestations — independent evidence of asset integrity on the days your auditor isn't looking.
Why independent
Verification you can't do for yourself.
An issuer verifying its own reporting is a conflict of interest — the same reason companies don't audit their own financials. Verification only works as a third party. Blacknorth sits on the investor's side of the table: our cap table and partnerships are structured to preserve neutrality, and we hold no stake in the assets we verify.
We complement auditors and fund administrators rather than replace them. They provide periodic, in-depth opinions; we fill in the days between — surfacing anomalies in days, not quarters.
Founder
Built by someone who's seen both sides.
Inside Japan's crowdfunding industry
A former analyst in Japan's real estate crowdfunding industry (不動産特定共同事業法, Fu-toku-ho) — with first-hand experience of how operators report to investors, and where oversight breaks down.
Infrastructure engineering at Google
A former Google engineer who contributed to development related to Google's financial infrastructure — the kind of large-scale data reconciliation systems this problem demands.
Contact
Help define the standard for RWA verification.
We are working with a small group of design partners — issuers and operators who want continuous verification on their assets and a voice in how the product is built. If that's you, we'd like to talk.