What are Auditable Records?

Auditable records are ownership and transaction records designed to be transparent, inspectable, and independently verifiable by Forvis Mazars. It is applicable to regulators, providing an institutional-grade trail of every issuance, transfer, and distribution across Node SPVs.

What Makes Records Auditable

A record is auditable when it can be independently verified by a third party without relying on the record-keeper's word alone.

In tokenized real estate, this means ownership records, transaction histories, and distribution logs must be structured in a way that an auditor can trace every movement of value from issuance through each transfer and distribution.Maintaining auditable records requires building documentation disciplines into operational processes from inception rather than treating audit preparation as quarterly projects.

Organization from transaction documentation through audit requires explicit categorization, naming conventions facilitating retrieval, and version control tracking evolution.

Audit-ready files organize supporting documentation logically enabling auditors to efficiently locate materials substantiating reported figures.

Auditability requires completeness (no gaps in the record), accuracy (records reflect actual events), immutability (records cannot be altered after the fact), and accessibility (records can be retrieved and reviewed by authorized parties).

On-chain records inherently satisfy several of these requirements because blockchain transactions are timestamped, sequenced, and resistant to modification.

On-Chain and Off-Chain Record Layers

Node's auditable records span two layers. The on-chain layer captures every token issuance, wallet-to-wallet transfer, and distribution event on the blockchain.

The off-chain layer includes the transfer agent's investor registry (maintained by Securitize), the SPV's corporate records (maintained by Ocorian), and the financial statements prepared for each reporting period.Both layers must reconcile.

The on-chain record shows which tokens moved where and when. The off-chain record shows which verified investors are behind each wallet and whether each transaction complied with applicable rules. Forvis Mazars audits both layers to confirm consistency.

Why Auditable Records Matter for Institutional Adoption

Institutional investors, regulated counterparties, and regulators require auditable records as a baseline condition for participation. A fund, family office, or pension allocator evaluating a tokenized real estate investment will not commit capital to a structure where ownership records are:

Opaque

Unverifiable

maintained by a single party without independent oversight.

Auditable records are what differentiate institutional-grade tokenization from speculative token projects. The records themselves are the evidence that the platform operates within regulated frameworks rather than outside them.

Maintaining auditable records requires building documentation disciplines into operational processes from inception rather than treating audit preparation as quarterly projects.

Maintaining auditable records requires building documentation disciplines into operational processes from inception rather than treating audit preparation as quarterly projects.

Leading funds integrate documentation into ongoing operations: capital call processes generate supporting documentation of capital receipt and application, acquisition processes create comprehensive files documenting due diligence and valuations.

Auditable Records at Node Proptech

Node designs all ownership and transaction records for institutional and regulator review. Forvis Mazars delivers independent audit and digital asset assurance across both on-chain and off-chain record layers.

The result is a complete, verifiable trail that satisfies the evidentiary standards required by accredited investors, institutional allocators, and regulatory bodies.Documentation standards and retention requirements vary by fund type and regulatory regime, with SEC-regulated funds, ERISA funds, and international funds facing different requirements.

Standards also vary by asset type, with real property acquisitions requiring extensive due diligence while securities may require simpler documentation.