Token Standard V2 97 - Milestone 3

Milestones and Deliverables

| Milestone / Target Date | Focus & Deliverables | Acceptance Criteria (SLOs) | | :---- | :---- | :---- | | M3: April 2026 | Privacy Reference Architecture Delivery of a Daml-only reference example of a privacy-preserving V2 token. | Verifiable execution of batch settlement demonstrating one view for executors and isolated views per trader, restricting data access to owned legs. Code available as a Daml Script in the token standard V2 branch of the splice Open Source repo. |

Funding & Financial Matters

Payment Breakdown by Milestone:

• M3: 1,200,000 CC