VPAY Genesis is built so regulators, central banks, and custodians can verify rather than trust. Every attestation, every reserve movement, every admin action is observable on Polygon Mainnet — and the compliance posture is documented, staffed, and operational.
The World Gold Council's "Gold as a Service" framework calls for institutional-grade gold infrastructure built around verifiable provenance. VPAY Genesis is the on-chain enforcement layer for that mandate — applied first to Ghana's gold export economy.
Every kilo's origin is recorded at point of weigh-in by a sealed GSU. Smuggled gold has no attestation. Licensed gold does.
Physical gold remains in licensed Ghanaian custody. The token represents the claim, not a synthetic — and it cannot mint without the underlying.
Every attestation is on Polygon Mainnet. Public addresses. Verified source. Independent block explorers serve as the audit trail.
Admin authority sits behind a Gnosis Safe multisig (2-of-2 today, migrating to 2-of-3). Founder allocation is in irrevocable vesting. The deployer EOA holds zero admin rights.
VPAY's AML programme is documented, staffed, and aligned with FATF recommendations on virtual asset service providers and physical commodity attestation systems. The programme covers risk assessment, customer due diligence, transaction monitoring, sanctions screening, and suspicious activity reporting.
Per-customer, per-node-operator, per-jurisdiction, per-product risk scoring. Reviewed quarterly by the CCO against the live regulatory landscape.
Every mint, burn, lend, and admin event is on Polygon Mainnet. Monitoring rules can be applied by us, by integrators, or by regulators independently.
Sanctions and PEP screening at the bridge. Restricted addresses cannot receive mint output. Updates are admin-controlled via Safe.
KYC is enforced at three points: at miner registration (entering the supply side, our node operators), at GSU operator licensing (the verification layer), and at institutional onboarding (the demand side, our customers). Each tier has its own documentation and verification standard. Individual wallet users are referred to as customers; supply-side participants including refineries, aggregators, and exporters are referred to as node operators.
Licensed supply-side node operators — refineries, mining companies, licensed collection cooperatives — verified against PMMC, GoldBod, and Minerals Commission registers. Tied to the SovereignNode operator that fingerprints their lots.
Higher-tier verification for the institutions running attestation hardware. Bonded via GuardianBond. Subject to slashing on misconduct.
Custodians, exchanges, treasuries onboard via the Institutional API with role-scoped credentials and beneficial-ownership documentation.
Periodic reviews, sanction-list refreshes, and customer / node-operator re-verification on material change. Tracked by the CCO.
Article 114 of the Minerals and Mining Act 2006 (Act 703) and its enabling instruments give Ghanaian gold-sector entities a clear pathway to operate within both domestic and international standards. VPAY's posture is built directly on this — supply-chain formalisation across all licensed source tiers, retention of gold revenues at home, and integrity of export documentation.
The Bank of Ghana's 2025 Financial Statements, published 1 May 2026, document the transition from the Domestic Gold Purchase Programme (DGPP) to GANRAP — the Ghana Accelerated National Reserve Accumulation Programme (passed Parliament February 2025, operational April 2026). GoldBod's CEO publicly disclosed that approximately 104 tonnes of gold were acquired domestically through the DGPP/GoldBod channel in 2025. BoG's stated objective for the GANRAP transition is to "moderate the cost of reserve accumulation". Three of the four cost components named — offtake discount, agent and assay fees, purity/refining loss — are reduced by hardware-attested on-chain verification at the point of weigh-in. The fit is direct.
Every PMMC weigh-in becomes an on-chain attestation. Customs verifies the export against the chain in seconds.
BoG's reserve position becomes verifiable in real time, on-chain, by every counterparty — without exposing inventory.
GoldBod's mandate is centralisation; VPAY's primitive is the verification layer that makes centralisation operationally enforceable.
VPAY Genesis is operated by EcoVent Africa Limited with a dedicated Chief Compliance Officer in post. The CCO owns the AML programme, KYC framework, regulatory engagement, and internal audit posture.
Owns the regulatory posture, AML/KYC framework, and the relationship with Ghanaian and regional authorities. Runs the diligence-grade compliance file. Independent reporting line to the board for material compliance findings. The CCO operates with full independence on all regulatory, AML, KYC, and sanctions matters.
Holds operational and architectural responsibility. Custodian of the technical posture. Counterpart to the CCO for cross-domain risk and material decisions.
Selected materials available for partners, regulators, and counterparties. Confidential briefings provided on request under NDA.
Two-page positioning brief on how VPAY plugs into the GoldBod operational stack.
Foundry test suite, deploy scripts, audit broadcasts, and red-team reports — all open.
Token contract, source-verified, with full event log and admin role state.
AML programme, KYC procedures, and risk-assessment documents available under NDA on request.
The AML programme is documented and staffed. The KYC framework is live at three onboarding tiers. Article 114 alignment is the regulatory thesis. Every contract action sits behind the Safe and on the chain. The diligence file is open for any counterparty.