Same asset.
Same amount.
The underlying tokens stay in the vault until the note is claimed.

Your tokens. A visible term. One active note
you can hold, transfer or claim immediately.
(About Vellum)

A balance can stay in the vault.
Its claim stays active.
Vellum turns a token position into a note you can carry. The asset, amount and selected term travel together. The current holder can claim whenever they choose.
(The instruments)




(One note. Many possibilities.)
Transfer the note to another wallet. Its underlying balance and maturity stay attached, so both sides can read exactly what changes hands.
Read about OTC(In the details)
The useful part of a position
is the information it carries.
The underlying tokens stay in the vault until the note is claimed.
Choose any duration, or mint an instant note with no waiting period.
The current holder can redeem the underlying balance immediately.
Choose your asset, amount and term. Deposit the balance into a Vellum vault to form an immediately active bearer note.
ASSET + AMOUNT + TERMKeep the note, or transfer it to another wallet. Its amount and maturity stay attached as ownership changes.
ONE NOTE. ONE POSITION.Claim immediately after mint, or carry the note for the selected term. The current bearer controls redemption.
MINT → CLAIMABLE