121 lines
3.2 KiB
Markdown
121 lines
3.2 KiB
Markdown
# GRU Issuance Governance
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## Overview
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This document details the supranational issuance governance pathway for GRU as established in the GRU Institutional Whitepaper.
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## Issuance Pathway
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The GRU issuance follows a structured pathway with multiple validation and approval stages:
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```
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Application → Eligibility Review → Index Validation → Allocation → Registration → GAS Settlement → Ω-Layer Finality
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```
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## Pathway Stages
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### 1. Application
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**Purpose**: Initial submission of GRU issuance request
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**Requirements**:
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- Entity identification
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- Requested amount and unit type (M00, M0, M1)
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- Metal index link selection (LiXAU, LiPMG, LiBMG1-3)
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- Regulatory class specification
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**Output**: Application ID and initial status
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### 2. Eligibility Review
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**Purpose**: Verify entity eligibility for GRU issuance
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**Checks**:
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- Sovereign or supranational entity status
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- Reserve adequacy
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- Legal recognition of DBIS oversight
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- ILIE identity verification
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**Output**: Eligibility review result (approved/pending/rejected)
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### 3. Index Validation
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**Purpose**: Validate selected metal index for issuance
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**Checks**:
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- Index exists and is active
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- Index value is current
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- Index meets issuance requirements
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**Output**: Index validation result
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### 4. Allocation
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**Purpose**: Allocate GRU units to the requesting entity
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**Process**:
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- Create GRU issuance record
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- Allocate requested amount
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- Link to metal index
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- Assign regulatory classification
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**Output**: Issuance ID and allocation record
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### 5. Registration
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**Purpose**: Register issuance with legal identifiers
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**Registrations**:
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- **ISIN**: International Securities Identification Number (ISO 6166)
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- **CUSIP**: Committee on Uniform Securities Identification Procedures (North America)
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- **QTID**: Quantum-Ledger Binding Identifier
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**Output**: Registration codes (ISIN, CUSIP, QTID)
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### 6. GAS Settlement
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**Purpose**: Execute atomic settlement through GAS network
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**Process**:
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- Initiate GAS atomic settlement
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- Verify atomic confirmation
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- Record settlement state
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**Output**: GAS settlement ID and confirmation
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### 7. Ω-Layer Finality
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**Purpose**: Achieve final settlement through Ω-Layer
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**Process**:
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- Perform Ω-Layer merge operation
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- Verify causality stability
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- Verify multi-reality reconciliation
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- Generate finality proof
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**Output**: Ω-Layer finality ID and proof
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## Governance Service Integration
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The issuance governance pathway is implemented through the `GruSupranationalGovernanceService`, which:
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- Manages application lifecycle
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- Coordinates pathway progression
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- Integrates with regulatory classification
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- Integrates with legal framework compliance
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- Integrates with settlement pipeline
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## API Endpoints
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- `POST /api/gru/governance/application` - Submit issuance application
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- `GET /api/gru/governance/application/:applicationId` - Get application status
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- `POST /api/gru/governance/application/:applicationId/approve` - Approve application
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- `GET /api/gru/governance/pathway/:issuanceId` - Get issuance pathway status
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## Related Documentation
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- [GRU Institutional Whitepaper](./gru-institutional-whitepaper.md)
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- [GRU Settlement Architecture](./gru-settlement-architecture.md)
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- [GRU Regulatory Framework](./gru-regulatory-framework.md)
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