# Redemption Workflow

PRISM can be redeemed by KYC and onboarded primary users.

To initiate a redemption, the primary user transfers PRISM to the issuer wallet and indicates the requested redemption collateral (e.g USDO). The issuer triggers a redemption request to Monarq Asset Management for the required amount of assets, which may require unwinding multi-strategy positions. For large redemption requests (e.g.,2m in a single request), this process requires a minimum of T+4 days. 

Once the required redemption assets are received, the PRISM sent in for redemption is burnt from circulation and the redemption assets are sent to the primary user’s wallet.<br>


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