Platinum rStockPPLTr
PPLTr, issued by Step Labs LLC, is a digital token providing tokenized economic exposure to platinum, marketed as backed 1:1 by the underlying held through a regulated custodian and tradable onchain as an SPL token. The token tracks the performance of platinum, allowing holders to interact with real-world price performance directly onchain. Backing is held through Alpaca Securities LLC, regulated by the Financial Industry Regulatory Authority (FINRA) under CRD# 288202 and SEC# 8-6992812. The issuer markets no commissions on trades. The onchain price may diverge from external pricing, with arbitrage realigning the two. Step Labs LLC, trading as Remora Markets, is registered in the Cook Islands (Company Number LLC15405/2024), with terms governed by the laws of the Cook Islands. The issuer states it is in the process of seeking regulatory authorization and licensing. Tokens are not themselves stocks and do not grant ownership or rights to underlying assets. The products are not marketed, offered, or solicited in the USA or any sanctioned or prohibited jurisdiction, and identity verification is conducted via iDenfy UAB. Alpaca Securities LLC acts as paying agent upon a Realization Event. Tokens are issued as SPL tokens on Solana, marketed as fully composable across Solana decentralized finance. Step Labs LLC is the tokenizer, while Alpaca Crypto LLC, a FINCEN-registered money services business (NMLS# 2160858), handles USDC to USD conversion. Remora operates as the minting and burning gateway, similar to stablecoins, and markets instant settlement.