Token features
Operator how-to pages for the eleven DALP token features, including which instrument templates attach each feature and how to configure their parameters.
The DALP platform supports eleven token features. Instrument templates attach a subset of these features to a new asset; the system templates catalog lists which features each template attaches.
This section covers the operator how-to per feature: what the feature does, which templates use it, what parameters the operator configures during creation, and how the feature behaves during day-to-day servicing. For the architecture and contract reference, see token features architecture.
Feature catalog
| Feature | Configures | When templates include it |
|---|---|---|
| Historical balances | No operator parameters | Almost every template |
| Maturity redemption | Maturity date, denomination asset, treasury, face value | Bond templates, CDs, structured notes |
| Fixed treasury yield | Rate, interval, treasury, denomination asset | Bond, deposit, money-market-fund templates |
| Voting power | No operator parameters | Equity, fund, real-estate templates |
| AUM fee | Fee bps, recipient | Fund, real-estate templates |
| Transaction fee | Mint/burn/transfer fee bps, recipient | Fund template |
| Transaction fee accounting | Mint/burn/transfer fee bps, recipient | ETF template, asset-backed-token |
| External transaction fee | External fee token, amounts, recipient | Asset-backed-token |
| Conversion | Target token, discount, window, debt rules | Convertible note, carbon credit |
| Conversion minter | No operator parameters (companion to conversion) | Paired with conversion |
| Permit | No operator parameters | Almost every template |
How features attach
Features attach when the Asset Designer deploys an asset from a template. The platform reads the template's requiredFeatures list, validates the composition rules (dependencies and mutually-exclusive pairs), and applies the resulting feature set during deployment.
Features that take configurable parameters surface in the wizard between template selection and the compliance step. Self-contained features (historical-balances, voting-power, conversion-minter, permit) attach without operator input.
After deployment
Most feature parameters are restricted-mutable. Updates run through the governance-update path rather than free edit. The asset detail workspace exposes a per-feature tab where the operator inspects and operates the live feature.
Read next
- System templates catalog for the template-to-feature mapping.
- Feature constraints for the dependency and incompatibility rules.
- Asset detail workspace for the post-deployment servicing surface.
Custom template authoring
Walk an operator through creating a custom DALP instrument template, from choosing a base type and asset class to publishing the template for the Asset Designer.
Historical balances
How the historical-balances token feature snapshots holder balances at every block, and how operators use those snapshots for reporting, voting, and audit reads.