Settlement infrastructure for a gold-backed monetary system
The constraint
An instrument redeemable against a physical reserve cannot tolerate an unreconciled ledger. Every on-chain movement had to close against a custodial position held off-chain, and the design question was where the authoritative balance lives when the two disagree.
What was built
Contracts
Issuance, transfer and redemption paths, with an administrative pause under multi-party approval.
Reconciliation
Daily close against the custodial record, with a documented break procedure.
Handover
Runbook, key-ceremony documentation and an internal team trained to operate it.
What we would do differently
Fix the reconciliation model before the contract interface. On this engagement the interface was settled first and the break procedure was retrofitted, which cost weeks that a reference built the other way round does not.
- Listing status
- re-permission pending
- Chain
- To confirm
- Year
- To confirm
- Practice
- Engineering & delivery
Re-permission pending. This page holds unpublished until written consent is on file.