Verification & accountability infrastructure for physical assets.
VPAY Genesis is pre-production infrastructure in institutional pilot — one engine for verification (sealing a reading of a real thing at its source) and accountability (bonding the claims, and the AI, made about it), anchored on a public chain and recomputable by anyone. Gold is the flagship; carbon, agriculture and more run on the same rails. For Tier-1 banks, custodians, sovereign reserves, registries, raters and RWA platforms that need an asset-grade primitive built to minimise counterparty risk. Source-verified contracts; independent audit pending.
Hardware-rooted attestation · cryptographic reasoning commit · on-chain trade witness · three IP covenants, source-verified on Polygon
What institutions actually verify.
Sixteen trust signals a Tier-1 institutional reader checks in the first three minutes of diligence. We surface every one — including the ones we have not yet closed. Honesty is part of the asset.
| Signal | What it asserts | Status |
|---|---|---|
| Smart contracts verified | All 10 contracts source-verified on Polygonscan | Live |
| Safe multisig admin | Gnosis Safe on Polygon (2-of-3) · deployer renounced DEFAULT_ADMIN_ROLE | Live |
| Founder vesting | 18,999,950 SOV irrevocably bound · 12mo cliff · 4yr linear · beneficiary = Safe | Live |
| Source code published | Public repository at github.com/ecovent-africa/vpay-sovereign · foundry-round2 branch | Live |
| Compliance officer of record | Ibilola Macaulay · Fractional CCO · transitioning to full-time | Pending |
| Physical custodian | EcoVent operates GSU sealed-vault custody · third-party custodian engagement in progress | Pending |
| External smart-contract audit | Tier-1 audit-firm class · selection in progress · not yet engaged | Pending |
| Asset insurance | Specialist-insurance class · coverage for physical metal + smart-contract risk · selection in progress | Open |
| Transfer agent | Required for US institutional desks · transfer-agent class · selection in progress | Open |
| Fund administration | NAV calculation / attestation processing · admin partnership under review | Open |
| Legal opinion | Securities classification / transferability · counsel selection in progress | Open |
| Regulator letters | Operating within Ghana's Gold Board Act 2025 framework · sandbox admissions · engagement pathway in progress | Open |
| Bug bounty programme | Immunefi / HackenProof structure · activated alongside Tier-1 audit publication | Open |
| Incident history | Zero incidents to date · protocol in pre-attestation pilot, no live mint/redemption volume yet · public incident log surface in development | Pending |
| Public protocol dashboard | TVL / mint volume / oracle freshness / attestation latency · v1 in development | Pending |
| Status page | Real-time chain RPC health · attestation node uptime · incident transparency | Pending |
The brutal honest read: we surface the open items deliberately. A Layer 0 RWA platform that hides its open gaps is hiding what matters. We close them in public, on a timeline you can hold us to.
Designed to deliver · on the roadmap.
Four product surfaces, one chain. Each addresses a distinct institutional use case from custody-grade tokenisation to sovereign-class settlement. VPAY Genesis is pre-production infrastructure in institutional pilot — the surfaces below describe what the system is designed to deliver, not shipping features available today.
Tokenised custody
Physical bars enter the GSU. Eight gates latch. SOV mints on-chain at fixed denomination. The metal is custody-locked; the token is the verification credential for the attested metal. SOV is a verification credential for attested gold — not currently purchasable, not offered for sale, and not an investment product. See /risk.
- Mint formula: SOV = (g × XAU/USD) ÷ 1,000 · value tracks gold
- Polygon Mainnet settlement
- Hardware-rooted attestation
- Safe multisig admin override
Settlement rail
Cross-border gold-denominated settlement at chain speed. T+0 finality on Polygon. KYC-gated transfer between verified counter-parties. Designed to enable gold-denominated cross-border settlement that does not depend on dollar SWIFT corridors.
- T+0 on-chain finality
- Chain-native settlement
- KYC-gated counter-party transfer
- Audit trail per transaction
Truth Layer API
Institutional API for token verification, reserve attestation, real-time mint/burn feeds. Role-based access for exchanges, custodians, regulators. Live WebSocket streams for attestation events.
- Role-based API tiers
- WebSocket attestation stream
- Reserve query endpoint
- Compliance alert feed
Working-capital vault
VPAYVault converts attested SOV reserves into working liquidity without unwinding the metal — over-collateralised lending under rules everyone can read. Contract deployed & source-verified; lending activates with the first attested deposits.
- 150% over-collateral floor (v1.0, live code)
- Chainlink-priced tiered terms (planned v1.1)
- Safe-administered · no discretionary override
- The full vault brief →
Our intended onboarding sequence.
Four-step institutional onboarding. Each stage has a clear deliverable and a defined timeline.
Diligence pack
NDA executed. Full data room access. Smart-contract reports, audit pipeline status, custody chain documentation, regulatory framework alignment.
Technical integration
API keys provisioned. Sandbox environment. Test attestations on Polygon testnet. Custodian-side integration of attestation verification endpoint.
Compliance & legal
Counterparty KYC. Jurisdictional alignment confirmation. Counsel-level review. Insurance certificates if applicable. Operational policy sign-off.
Production attestation
First production attestation against your physical reserves. Live monitoring. Ongoing operations. Quarterly counterparty review.
Built on the rails institutions already trust.
VPAY Genesis sits on top of, not beside, the existing technical infrastructure. Polygon for settlement. Chainlink for oracles in the production phase (v1.1 bridge). The World Gold Council "Gold as a Service" standard for the institutional gold model. The protocol is built in Accra and operates within Ghana's Gold Board Act 2025 framework.
What can go wrong, named honestly.
Five risk categories every Layer 0 institutional reader needs surfaced. We name them; we do not bury them. Detailed risk policy available under NDA via the diligence pack.
| Risk | Description & mitigation |
|---|---|
| Smart-contract risk | Pre-audit period. Mitigation: Tier-1 audit in flight · open-source code · invariant fuzzing · public bug-bounty post-audit. |
| Oracle risk | Production attestation will depend on the Chainlink XAU/USD price feed (planned, v1.1 bridge); the live v1.0 bridge uses an admin-set, Safe-governed rate. Mitigation: heartbeat monitoring · deviation threshold · fallback policy · attestation-time price-lock. |
| Custodial risk | Physical metal under EcoVent operational custody pending third-party custodian. Mitigation: GSU sealed-vault protocol · dual-control access · transition to insured third-party custody in progress. |
| Regulatory risk | Tokenised RWA in early regulatory framework across jurisdictions. Mitigation: compliance-by-design · operating within Ghana's Gold Board Act 2025 framework · jurisdictional matrix published at /regulators · CCO of record. |
| Redemption gating | Physical redemption subject to KYC, regulatory permission, and queue depth. Mitigation: explicit redemption policy in diligence pack · public queue depth on /transparency (in development). |
Bring your institutional reserves
into the Truth Layer.
Request the institutional diligence pack. NDA-gated. Full audit pipeline, custody chain, regulatory framework, and integration timeline.
EcoVent Africa Limited · 40 Nii Nortei Nyanchi St, Dzorwulu, Accra · institutional@ecoventafrica.com