Luminaries

Introducing Luminary. We are the first to pursue scheduled sealed auctions for tokenized stocks. At the open, close, and midnight UTC, orders meet privately and clear at one fair, reference-anchored price. No one gets picked off. @robinhoodapp

Two prices match the same amount of stock. Which wins? Luminaries clearing rule chooses the one that leaves less unmatched buying or selling interest. That decision is written into the engine before the auction runs.

We're building Luminaries on @RobinhoodApp around a published schedule. Stock orders collect privately before the underlying market's open and close, plus a midnight UTC call. Every filled order in a call gets the same price.

Resting quote notes have two properties in Luminaries backend: NAV accrues while the order waits. Cancellations stay available. Unfilled orders can roll into a later call or cancel. soon on @RobinhoodApp

The tie break is already written. If two prices cross the same volume, Luminaries chooses the one that leaves less imbalance after the call. The engine does not need someone to choose between them.

Two ways to join a Luminaries call: limit order Respect my limit. at auction order Use the price this call produces. Both stay sealed until clearing.

Before Luminaries matches an order, it checks the market boundary: RWA only registry jurisdiction gate then sealed collection The auction is built on top of the eligibility layer, not beside it. built on @RobinhoodApp

The long term use for a trusted Luminaries close is settlement. The expansion roadmap puts onchain equity derivatives after the market has established reliable auction prints. First build the reference. Then use it.

A PrintRegistry stores three facts from a completed call: clearing price crossed volume timestamp That is the public tape. It gives the market a result without opening the sealed order book.

The proof circuit is the most specialised part of the build. Luminaries backend plan has a named fallback: a signed clearing digest for L1 if the full AuctionClearProof needs more time. The full circuit is an upgrade path. soon on @RobinhoodCrypto

Ex date is an acceptance test, not a footnote. Luminaries scheduler pauses the auction across it. The corporate action changes the asset calendar, so the call calendar changes with it.

A regular auction call has its own worker chain: auction scheduler clearing engine proof orchestrator print publisher For a NAV call, nav watcher joins the flow with the reference. Each worker has one job before the price reaches the tape.

Luminaries agent lane is built around mandates. The roadmap lets an agent submit a sealed auction order through a defined instruction. The order stays private until the call, then clears under the published auction rules. built on @RobinhoodCrypto

Big trade between calls? Luminaries has a separate RFQ lane for a sealed two party cross at the reference. The scheduled auction handles shared price discovery. RfqDesk handles the block.

The clearing result has to prove four things: price stayed in range limits were respected volume was maximized settlement balances That is what Luminaries AuctionClearProof is designed to check.

A stock auction has more calendar logic than a crypto pair. Luminaries tracks the underlying open, close, 00:00 UTC, holidays, daylight saving, and ex dates before the scheduler pins a call block. built on @RobinhoodApp

Luminaries does not let the auction price wander. The engine only clears inside a reference band built from the configured market reference. Inside that range, it selects the price that crosses the most eligible volume.

The auction itself does not need to be where every trade happens. Luminaries keeps a separate RFQ lane for a two party sealed cross at the reference between scheduled calls. Different route. Same market infrastructure.

For a fund, the issuer requests the auction and net asset value becomes the anchor. The rest stays familiar: sealed collection, uniform clearing, a public print after the call. soon on @RobinhoodApp

An ex date can pause an auction. That is a small detail with a big implication: Luminaries scheduler is built around the corporate calendar of the asset, not just a recurring timer onchain.

Every completed auction gets a compact record: asset call type call block clearing price crossed quantity proof transaction That is the data Luminaries stores beside each print.