OUTCOME · Create or advance
What changes
Creates a REQUESTED subscription intent and immutable optional first-touch attribution. It does not reserve funds, allocate units, issue an asset, admit a market, trade, or accrue commission.
Issuer Launchpad
/api/v2/launchpad/offerings/{offering_id}/subscriptionsPurpose and usage
Verify the authenticated investor's Identity-issued agreement receipt against the current deal, then record exact requested units, selected enabled rail, and optional immutable first-touch attribution. This does not reserve or move funds, allocate, issue, admit, or trade the instrument.
When to use it
Use immediately after Identity returns the signed acceptance receipt for the same authenticated investor, units, rail, and current deal.
OUTCOME · Create or advance
Creates a REQUESTED subscription intent and immutable optional first-touch attribution. It does not reserve funds, allocate units, issue an asset, admit a market, trade, or accrue commission.
WHY IT MATTERS
ISOLATION + AUTHORITY
Workspace, issuer, offering, security-class draft, Data Vault object version, requirement pack, diligence case, evidence view, reviewer decision, auditor attestation, release, signer, validator finality, replication, public index, and investor eligibility remain distinct. Launchpad cannot issue, mint, custody, sell, trade, match, settle, or authorize an investment, and its public routes expose only finalized disclosure evidence.
BEFORE YOU CALL
WHAT TO DO NEXT
AGENT GUIDANCE
Use the deployed OpenAPI for exact parameters, schemas and security requirements. The tables below provide integration guidance.
Open this operation in OpenAPIRequest and response
Examples illustrate integration intent; the referenced OpenAPI operation and component schemas define the executable shape.
PARAMETERS
AuthorizationheaderRequiredBearer tokenCredential containing launchpad:subscribe authority.EXAMPLEBearer hc_live_…
offering_idpathRequiredidentifierStable offering id selecting the exact resource addressed by this route.EXAMPLEoffering-id-01
X-Request-IDheaderOptionalstringOptional caller correlation identifier. The gateway emits the effective value on the response.
Idempotency-KeyheaderRequiredASCII string · 1–128Caller-generated stable key reused for retries of the same logical mutation.
referral_codebodyOptionalpublic referral identifier · 1–64 | nullOptional first-touch sales attribution from the public deal URL. It grants no authority and cannot be replaced after acceptance.EXAMPLEpartner-7
requested_unitsbodyRequiredinteger · 1–9223372036854775807Exact number of units contractually requested; this is not an allocation.EXAMPLE125
selected_funding_rail_keybodyRequiredenabled funding-rail keyExact enabled rail returned by the public deal, such as crypto:usdc:ethereum. Selection moves no funds.EXAMPLEcrypto:usdc:ethereum
subscription_agreement_referencebodyRequiredIdentity acceptance receipt · hcla_ + 32 lowercase hexImmutable signed acceptance receipt returned by Identity for these exact current deal facts.EXAMPLEhcla_0123456789abcdef0123456789abcdef
REQUEST
{
"referral_code": "partner-7",
"requested_units": 125,
"selected_funding_rail_key": "crypto:usdc:ethereum",
"subscription_agreement_reference": "hcla_0123456789abcdef0123456789abcdef"
}RESPONSES
{}{
"code": "invalid_credentials",
"message": "the supplied Hybrid credential is invalid"
}invalid_credentials{
"code": "invalid_credentials",
"message": "the supplied Hybrid credential is invalid"
}invalid_credentials{
"code": "invalid_credentials",
"message": "the supplied Hybrid credential is invalid"
}invalid_credentials{
"code": "invalid_credentials",
"message": "the supplied Hybrid credential is invalid"
}invalid_credentialsOPERATIONAL NOTES
This route is implemented in canonical gateway source and appears in the production OpenAPI snapshot observed 2026-10-02T23:27:55.510Z. Authentication, tenant, feature, venue, and market policy still apply.
Verify the exact production OpenAPI operation Return to the V2 directory