Governance Model (Core Principles)

• Multi-sig Treasury: All protocol-level funds and critical contracts will be controlled by an N-of-M multisig (e.g., 3-of-5) comprising founders, an independent legal/audit representative, and an operations lead.
• Upgrade & Time-lock: Major smart contract upgrades will require governance approval plus a 48–72 hour timelock to allow for community and operational review before execution.
• Emergency Pause: A limited "emergency pause" function (requiring 2-of-3 emergency keys) will exist to freeze new token mints or distributions if an exploit is suspected.
• Role Separation: Issuance, custody, and origination roles are legally and operationally separated (Global Issuance Entity, Escrow Bank, Local Origination Entity).

Security Posture

• Audit Policy: A mandatory, independent, external audit is required before any mainnet deployment and after any major protocol change.
• Bounty Program: A public bug bounty program will be established to incentivize responsible disclosure from security researchers.
• Operational Controls: We will enforce daily reconciliation between the off-chain escrow ledger and the on-chain token registry.
• Dispute Resolution: The Global Issuance Entity will be governed by arbitration clauses (e.g., ADGM / DIFC), while the Local Origination Entity will adhere to local commercial court remedies.