# GRU Issuance Governance

## Overview

This document details the supranational issuance governance pathway for GRU as established in the GRU Institutional Whitepaper.

## Issuance Pathway

The GRU issuance follows a structured pathway with multiple validation and approval stages:

```
Application → Eligibility Review → Index Validation → Allocation → Registration → GAS Settlement → Ω-Layer Finality
```

## Pathway Stages

### 1. Application

**Purpose**: Initial submission of GRU issuance request

**Requirements**:
- Entity identification
- Requested amount and unit type (M00, M0, M1)
- Metal index link selection (LiXAU, LiPMG, LiBMG1-3)
- Regulatory class specification

**Output**: Application ID and initial status

### 2. Eligibility Review

**Purpose**: Verify entity eligibility for GRU issuance

**Checks**:
- Sovereign or supranational entity status
- Reserve adequacy
- Legal recognition of DBIS oversight
- ILIE identity verification

**Output**: Eligibility review result (approved/pending/rejected)

### 3. Index Validation

**Purpose**: Validate selected metal index for issuance

**Checks**:
- Index exists and is active
- Index value is current
- Index meets issuance requirements

**Output**: Index validation result

### 4. Allocation

**Purpose**: Allocate GRU units to the requesting entity

**Process**:
- Create GRU issuance record
- Allocate requested amount
- Link to metal index
- Assign regulatory classification

**Output**: Issuance ID and allocation record

### 5. Registration

**Purpose**: Register issuance with legal identifiers

**Registrations**:
- **ISIN**: International Securities Identification Number (ISO 6166)
- **CUSIP**: Committee on Uniform Securities Identification Procedures (North America)
- **QTID**: Quantum-Ledger Binding Identifier

**Output**: Registration codes (ISIN, CUSIP, QTID)

### 6. GAS Settlement

**Purpose**: Execute atomic settlement through GAS network

**Process**:
- Initiate GAS atomic settlement
- Verify atomic confirmation
- Record settlement state

**Output**: GAS settlement ID and confirmation

### 7. Ω-Layer Finality

**Purpose**: Achieve final settlement through Ω-Layer

**Process**:
- Perform Ω-Layer merge operation
- Verify causality stability
- Verify multi-reality reconciliation
- Generate finality proof

**Output**: Ω-Layer finality ID and proof

## Governance Service Integration

The issuance governance pathway is implemented through the `GruSupranationalGovernanceService`, which:

- Manages application lifecycle
- Coordinates pathway progression
- Integrates with regulatory classification
- Integrates with legal framework compliance
- Integrates with settlement pipeline

## API Endpoints

- `POST /api/gru/governance/application` - Submit issuance application
- `GET /api/gru/governance/application/:applicationId` - Get application status
- `POST /api/gru/governance/application/:applicationId/approve` - Approve application
- `GET /api/gru/governance/pathway/:issuanceId` - Get issuance pathway status

## Related Documentation

- [GRU Institutional Whitepaper](./gru-institutional-whitepaper.md)
- [GRU Settlement Architecture](./gru-settlement-architecture.md)
- [GRU Regulatory Framework](./gru-regulatory-framework.md)

