Layer 0 verification infrastructure for institutional gold.
VPAY Genesis is the Sovereign Truth Layer — hardware-rooted attestation, on-chain settlement, audited custody chain. The contract refuses to mint without physics. For Tier-1 banks, gold custodians, sovereign reserves, and institutional RWA platforms looking for the asset-grade primitive that ends counterparty risk.
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 with proxy-implementation linkage | Live |
| Safe multisig admin | Gnosis Safe on Polygon (2-of-2 today, migrating to 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 firm engagement (OpenZeppelin / Trail of Bits / Spearbit) · RFP active | Pending |
| Asset insurance | Lloyd's-syndicate engagement under negotiation · coverage for physical metal + smart-contract risk | Open |
| Transfer agent | Required for US institutional desks · Securitize / Tokeny conversation initiated | Open |
| Fund administration | NAV calculation / attestation processing · admin partnership under review | Open |
| Legal opinion | Securities classification / transferability · counsel selection in progress | Open |
| Regulator letters | Bank of Ghana · GoldBod · sandbox admissions · engagement pathway active | Open |
| Bug bounty programme | Immunefi / HackenProof structure · activated alongside Tier-1 audit publication | Open |
| Incident history | Zero incidents to date · 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, with named counter-parties, on a timeline you can hold us to.
What institutions get.
Three product surfaces, one chain. Each addresses a distinct institutional use case from custody-grade tokenisation to sovereign-class settlement.
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 bearer instrument.
- 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. Bypass dollar-dependent SWIFT corridors for gold-backed payments.
- 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
From first conversation to first attestation in 60 days.
Four-step institutional onboarding. Each stage has a clear deliverable, a defined timeline, and a named counter-party at EcoVent who owns it end-to-end.
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.
In alignment with the rails institutions already trust.
VPAY Genesis sits on top of, not beside, the existing institutional infrastructure. Polygon for settlement. Chainlink for oracles. GoldBod for jurisdictional anchor. Manhyia for sovereign-class standing.
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 | XAU/USD price feed dependency on Chainlink. 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 · GoldBod alignment · 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 /protocol/transparency (in development). |