Marketplace
Own a fraction
Explore fractional real-world assets on Cardano. Each offering has its own price, fees and exit rules.
ADA-first
Explore assets Project-specific terms. Demo rows are not offerings.
Real-World Assets • Powered by Cardano
Real assets.More accessible ownership.
Explore the technology bringing fractional participation, transparent records and real-world investment opportunities closer together.
Testnet preview on Cardano Preprod — no real money
Illustrative ownership record
Example only- Asset type
- Rooftop solar
- Network
- Cardano Preprod
- Record
- Native token · transferable
- Verification
- Evidence linked per asset
Network
Cardano Preprod (test network)
Explorer
Every transaction on Cardanoscan
Independent audit
Not yet completed
Status
Preview — no live offerings
Asset classes
Real-world assets, explained plainly.
Other approved categories may follow. Nothing below is a live offering.
Planned — subject to legal approval
Property
Fractional residential property in Australia and Southeast Asia.
Learn more
Demo projects on testnet
Renewable energy
Rooftop and community solar that produces measurable output.
Learn more
Demo projects on testnet
Agriculture & productive businesses
Farms and estates with reported harvests and income.
Learn moreHow Stellaris works
Five steps, with the rules in view.
From browsing to holding, each step shows its terms up front. Nothing on this page is a live offering — the marketplace runs on the Cardano Preprod test network.
- 1
Discover
Browse opportunities and planned asset classes — demo projects are marked, never mixed with real offerings.
- 2
Review
Read the asset, its evidence, risks, fees and exit terms before anything else.
- 3
Get eligible
Complete onboarding and any eligibility checks — a wallet alone is not enough.
- 4
Participate
Use supported Cardano infrastructure when a valid offering is open. You sign every transaction yourself.
- 5
Follow
Track holdings, transactions and per-asset reporting in your portfolio.
The Clarity Standard
Every claim wears a label.
Across Stellaris, every figure, status and statement carries one of four labels — so you can always tell what is proven, what is in progress and what is only a plan.
Pending
A full Clarity matrix on every project page is in progress.
Published
On chain or in a public document, with a source you can check yourself.
Pending
Real work in progress — an audit, an approval, an attestation. It stays labelled pending until it is done.
Illustrative
Preview figures that show how the model works. Never presented as real balances or live returns.
Not applicable
Deliberately not offered — no card payments, no promised returns, no claims we cannot evidence.
The marketplace
Real assets, with the rules on show.
Explore the project registry. Demo entries are clearly marked and cannot be invested in.
Why blockchain matters
A shared record anyone can check.
Important: a blockchain record does not by itself guarantee legal ownership of the underlying asset, its valuation, its performance or legal enforceability. Those depend on the legal structure and evidence behind each asset.
Traceable history
Every transfer is recorded publicly and can be checked by anyone.
Programmable rules
Fees, caps and exits can be enforced by the contract itself.
Leaner administration
Registers and distributions could run with fewer manual steps.
Digital ownership records
Your fractions are native tokens you hold in your own wallet.
Protocol architecture
Built in layers you can inspect.
- 1Published
Your wallet
A supported CIP-30 Cardano wallet. You hold your own tokens and sign every transaction — Stellaris never takes custody of your wallet keys.
- 2Demo
The Stellaris app
Marketplace, offering registry, portfolio and the staking preview. Demo projects and illustrative figures are labelled as such, everywhere they appear.
- 3Published
Smart contracts
Vault and fraction-token validators. Their compiled hashes are pinned in the app and checked against a fresh contract build on every change, so the code you inspect is the code that runs.
- 4Published
Cardano Preprod
A public Cardano test network — test funds only, no real money. Every transaction can be inspected on a public explorer.
What holds it together
- Preprod only — the app refuses mainnet configuration.
- Contract drift guard — the build fails if the pinned contract hashes change.
- On-chain script state is checked with dedicated verification scripts.
Pending
Contracts & verification Independent security audit not yet completed.
The Stellaris model
Different ways to participate. Clear distinctions.
Explore tokenised project investment and the separate Tessera reserve/staking system. Project rights depend on legal documents, not a token alone.
TSRA
Tessera
TSRA is the reserve-system token with a target dollar reference, not a guaranteed market price or redemption promise. Preprod tokens have no monetary value.
Non-yielding base token
Explore the reserves Reserve model preview, not a live reserve attestation.
Illustrative preview
Stake TSRA
sTSRA represents staking in the separate reserve system. It is not a project fraction; reserve yield can vary and losses are possible.
Flexible · 7 days
4.5% target
Locked · 30 days
5.6% target
Variable, not guaranteed. Flexible token; locked Position.
Compare staking tiersTransparency, by design
See what sits behind the token.
Illustrative reserve examples, and a first-loss reserve designed to absorb losses before stakers — not a guarantee against loss.
Intended reserve loss order — not insurance
In the intended loss order, originator collateral comes first, then the protocol first-loss reserve, the overcollateral buffer, stakers and finally TSRA holders.
First-loss reserve
2.6% / 3% target
Overcollateralisation
104.2%
Target 102–105%
Historical model examples
Testnet preview — illustrative dataLiquid64%
Target band 60–70% · Cash + tokenised T-bill money-market funds
Short investment grade6%
Target band 0–10% · Short-dated investment-grade bonds
Multi-originator credit23%
Target band 20–30% · Diversified private credit from vetted originators
Transparency & evidence
Check the evidence and what is still pending.
Network details
Live Preprod connection health
Smart contract records
Contracts, versions and pinned hashes
Audit status
Internal review done; independent audit pending
Reserve methodology
Sleeves, targets and loss order (illustrative)
Asset verification
Issuer checks and evidence per project
Terms & risks
What you agree to and what can go wrong
For asset owners & issuers
Bring your real-world assets into a new digital marketplace.
Submit an asset with evidence, go through review and governance, and report against it on chain. Listing does not guarantee funding or investor demand.
A few important answers
Clarity comes first.
Not investment advice. Not a promise of returns.
Security & controlsStellaris runs on Cardano Preprod. Test funds have no real monetary value. Demo projects are illustrative and cannot be invested in. The staking and reserve figures are previews, not live balances.
Explore Stellaris
Explore what the future of real-world ownership could look like.
Browse the testnet experience. No real money required.