Pay fees Lot 305 · $576.00 due Oct 1 E-transfer Bitcoin Lightning LMS 2847 · demo invoices, do not send funds
0% custody

How your money is held

OpenStrata is software. It never holds, moves or has access to a community’s money — not in a bank account, not in a wallet, not in anyone’s pocket. Here is where the money actually sits at each step, and what we cannot do.

Where the money sits

    1

    An owner pays

    The money leaves the owner's account and lands in an account the council controls — the strata corporation's own trust account at a BC bank or credit union, or an address the council's own keys control. We are not in the middle of it.

    2

    The council holds it

    A council that uses Bitcoin holds it in a wallet that needs 3 of 5 signatures. Those five keys stay on the council’s own hardware wallets. OpenStrata watches the address and cannot spend from it.

    3

    OpenStrata writes it down

    We record what happened — which unit, which fund, what date, how much — as one entry in a hash-chained ledger. Every entry carries a fingerprint of the entry before it, so an old one cannot be quietly changed or removed.

What OpenStrata cannot do

  • Move money. We hold no keys, have no bank access and cannot sign a transaction.
  • Change a posted ledger entry. It is a hash chain — editing one entry breaks every entry after it, and the verify button says so.
  • Act as a custodian, an escrow, or a money transmitter. We never hold a balance of anyone’s money.
  • See or use a wallet’s private keys. Registration is watch-only: we can see addresses and balances, and cannot spend from them.
  • Take a cut of the money. We are paid for software — per unit, per month — never a percentage of what a building collects.

What your council can check, any time

  • Verify the ledger chain and read the fingerprint of every entry, in order.
  • Export everything you have entered as plain JSON and CSV. Your records, not ours.
  • Open a Form B or Form F and read the exact certificate the software would issue.
  • Run the whole thing on your own server, with your own node, holding your own database.
Status OpenStrata Specification

Where this stands today

  • The website is live. The payment rails ship switched off, and a council switching one on does it deliberately, on its own node, with its own keys.
  • No money has moved through OpenStrata yet. Every payment screen on this site is a preview running on sample data.
  • The server that would handle live payments has not run on a public host yet. That is the last thing between this being a demo and a product, and it waits on the first council that wants it.
Ask us the hard question [email protected] — happy to answer it in plain language.