The Valura Ledger
Valura's regulated global-investing product runs across two legal entities:
- Valura UAE — UAE customers investing globally (US equities via GTN, UAE local via Aldar/ZAG).
- Valura India (IFSC) — Indian residents investing in US equities under the LRS route (custody at ViewTrade IFSC, INR-to-USD via GlomoPay).
The ledger is the accounting brain underneath both. It reads every money event from every broker, records it as a balanced set of debits and credits, and produces the reports that finance, ops, tax and regulators all need. It is the single source of truth for every customer's wallet balance, every position they hold, every rupee of revenue Valura books, and every rupee of tax exposure.
Who this section is for
Anyone who needs to understand what the ledger does and why — without reading code. Stakeholders, finance, ops, product, tax counsel, external reviewers. If you want the "how" as well, jump to the API docs.
The 30-second orientation
- One codebase, two books. Same accounting engine, one database per legal entity. UAE and India stay cleanly separable at audit time but share every piece of accounting logic.
- Every event is balanced. Every money movement lands as a matched debit and credit — the trial balance always sums to zero. That's the guarantee that no money is invented, lost, or misplaced.
- The ledger is downstream. Brokers (GTN, ZAG, ViewTrade, GlomoPay) hold the real money; the ledger reads their statements and mirrors what happened. It never sends money on its own.
- Reconciliation is first-class. The ledger continuously proves its own totals — trial balance, per-customer wallet, cash at custody, share counts, LRS↔wire tie-out — and raises when anything drifts.
What's in this section
| Where | For |
|---|---|
| The ledger, in one page | The 5-minute mental model |
| Two books, one engine | Why we run two entities, how they share code |
| How money moves | End-to-end money-flow diagrams |
| UAE book | What the UAE book covers, per source |
| India book | The full India stack — sources, tax, valuation, ops |
| Reconciliation | The integrity checks that run continuously |
| Milestones | What shipped when, in business terms |
| Health & observability | What each report signals |
| Deferred items | Honest open-work list |
| FAQ | Common questions |
Status
- UAE book — live baseline. GTN + ZAG/Aldar ingest, cash-request workflow, full reconciliation surface.
- India book — M1 through M5 shipped. Every India report renders on live ViewTrade + GlomoPay data.
If you're prepping for a ledger call — start with How money moves and Reconciliation, then skim the India book sections that matter to your area.