- Synthetic Locked Token (SLT) -
Give liquidity to locked tokens without unlocking them.
Mint a synthetic asset. Keep the underlying asset locked. Redeem when you're ready.
A Synthetic Locked Token represents the value of a locked position.
Each SLT is backed 1:1. You can hold it, use it as collateral, or sell it, while your underlying position stays locked and intact.
Case Studies
Canton Network
Super Validators provide the infrastructure that powers Canton's institutional settlement layer. In return, they lock $2+ billion in CC, and that CC is illiquid until unlock. There is no instrument that lets you access that value without selling the position.
SLT Solution
SLT lets holders mint against their locked allocation and access value now, without triggering an unlock and jeopardizing their network status.
Token Pre-Sales
Billions in pre-sale token allocations lock up at mint. Vesting schedules of one to two years leave early buyers and strategic holders sitting on significant positions with no path to liquidity until unlock.
SLT Solution
SLT lets holders mint against their locked allocation and access value now, without triggering a sale, without breaking the vesting schedule, and without signaling to the market.
Employee Token Grants
Token grants are a standard tool for attracting and retaining talent in crypto-native organizations. But vesting schedules that stretch one to four years leave employees holding significant paper wealth with no way to access it, while their cost of living doesn't wait for unlock.
SLT Solution
SLT lets employees mint against vested but locked token grants and access liquidity without selling, without violating grant terms, and without putting downward pressure on the token price.
How It Works
You lock coin in $10,000 USD equivalent tranches. Each tranche issues a corresponding set of SLTs following the lock. The lien is recorded after locking and persists independently of Interstice, so the encumbrance is publicly verifiable by any counterparty.
You can hold, use as collateral, or sell the SLT. When you're ready to redeem, present the SLT. It burns. The lien releases. Your tokens unlock. One atomic transaction, no custody at any point.
Lock & mint
Lock in $10,000 tranches. Each tranche issues SLTs and records the lien on-chain.
Use or sell
Hold, use as collateral, or sell the SLT while the underlying stays locked.
Redeem atomically
Present the SLT. It burns, the lien releases, and your tokens unlock in one transaction.
Key Mechanics
Each SLT represents one locked token, issued in $10,000 USD equivalent tranches.
On-chain lien recorded on Canton's ledger after locking, independent of Interstice.
Freely transferable after issuance.
Non-custodial redemption: present the SLT, the lien releases, the token unlocks.
Potential liquidity through institutional placement.
We maintain relationships with qualified institutional counterparties and can facilitate introductions to SLT holders who meet applicable eligibility requirements. Transactions are documented for regulatory purposes and settled through Interstice's cross-chain infrastructure. Interstice does not act as a broker, dealer, or placement agent in connection with any such introduction.
How SLT compares.
| SLT | Pendle | Ondo | Liquidium | Aave | |
|---|---|---|---|---|---|
| Available on Canton | |||||
| Locked position preserved | |||||
| Non-custodial | |||||
| Lien logic on-chain | |||||
| Non-pooled liquidity | |||||
| Screened & known counterparties | |||||
| Yield for buyers | Higher | Standard | Standard | Standard | Standard |
Why This Is Different
Every existing liquid token protocol operates on public, permissionless chains with no encumbrance logic. None of them address locked positions on permissioned institutional networks.
SLT is the only instrument designed for this environment. The lien is what makes the synthetic real. The on-chain registry is what makes it institutional-grade. Interstice does not take custody of your tokens at any point in the lifecycle.
Built on Interstice Infrastructure
SLT redemption settles via the Interstice Cross-Chain Swap Engine, HTLC-based infrastructure used by institutional counterparties today. Atomic settlement. No pooled capital. No intermediary custody.
Learn about the Swap EngineRequest access.
SLT is available to qualified counterparties. If you're a Canton validator or institutional buyer, reach out to get started.
Request AccessLegal Note
Synthetic Locked Token (SLT) is a product of Interstice Digital. This page does not constitute an offer or solicitation. SLT availability is subject to applicable regulatory requirements and securities analysis. Interstice does not provide legal, tax, or investment advice.