# Tokenized Asset Lifecycle

### Tokenized Asset Lifecycle

Each asset on the platform goes through a set of stages. These help track where the asset is in its journey — from creation, to funding, to completion. Here's what each stage means:

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#### `Draft`

The asset is being created. You can add or edit all the details here. It’s not yet submitted for approval.

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#### `MetadataValidated`

All required financial details (like loan amount, tenure, and repayment terms) have been filled in correctly. The asset is now ready to be submitted for approval.

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#### `PendingApproval`

The asset has been submitted and is waiting for approval from the relevant team. No changes can be made at this point.

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#### `Approved`

The asset is approved and ready to be tokenized. It can now be added to a pool or prepared for funding.

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#### `Minted`

An NFT (token) has been created to represent the asset on-chain. This makes it compatible with smart contracts and pools.

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#### `Underwritten`

The asset has been underwritten — meaning a party (usually the originator) has committed to it or taken initial risk. This may be required before it joins a pool.

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#### `Locked`

The asset is now locked into a pool. It starts generating repayments, and the capital is active.

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#### `Unlockable`

The loan is fully repaid or has reached the end of its term. The asset is now eligible to be unlocked.

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#### `Unlocked`

The asset is released from the pool. Any final actions (like fund returns or asset transfers) can be completed.