The Prop Trust Verified Standard (PTVS v1.0) was created by Aurelio Tamarit Blay (Certified Judicial Expert Exp. No. 0161) and is institutionally stewarded by the Forensics Oracle Initiative. However, for PTVS to fulfill its mandate as the foundational trust layer of the Real-World Asset (RWA) tokenization economy, it cannot remain the property of a single entity.
PTVS must evolve into a public good of the European financial infrastructure — governed transparently, audited independently, and maintained collectively by the institutions that rely on it: banks, insurers, pension funds, RWA platforms, universities, and supervisory authorities.
The PTVS Technical Board is the institutional body responsible for this transition. Inspired by the governance models of W3C, ISO, Linux Foundation, and Enterprise Ethereum Alliance, it provides a neutral forum where competitors collaborate on shared infrastructure — ensuring that PTVS remains open, interoperable, and resilient regardless of the fortunes of any single organization.
“A standard that serves the market cannot be owned by a single company. PTVS belongs to the ecosystem that depends on it — and this Board exists to guarantee that permanence.”
Open Standard, Open Code
The core technical specification of PTVS v1.0, including the PTVSClaimInjector.sol smart contract and the canonical JSON schema, are released under permissive open-source licenses. Anyone can audit, implement, and verify the standard independently.
Multi-Stakeholder Governance
No single entity holds veto power. Voting rights are distributed across banks, RWA platforms, academic institutions, forensic experts, and regulatory observers — ensuring balanced representation of the entire ecosystem.
Radical Interoperability
PTVS is designed to complement, not compete with, existing infrastructure: MiCA compliance, ERC-3643/T-REX identity, eIDAS 2.0 signatures, and ONCHAINID verifiable credentials. The Board enforces backward compatibility as a core obligation.
Regulatory Alignment
Every evolution of the standard must be compatible with the evolving requirements of ESMA, EBA, EIOPA, and ECB/SSM. The Board maintains formal liaison channels with all European Supervisory Authorities.
Decentralized Expert Network
Forensic audits are performed by independent Prop Trust Certified Experts (PTCEs) — licensed judicial professionals who operate autonomously. No central entity controls the supply of verifications.
Transparent Pricing
All licensing fees, take rates, and certification costs are published publicly and bound by contractual commitments (maximum annual increment: 5%). No hidden fees, no unilateral price changes.
| Seat Category | Profile & Qualification | Seats | Vote | Term |
|---|---|---|---|---|
| Founder Seat | Aurema Group L.L.C. — creator of PTVS v1.0 and current steward of the standard | 1 | 1 vote | Permanent |
| Banking Institutions | Significant Institutions under SSM supervision, with active RWA/tokenization desks | 3 | 1 vote each | 3 years, renewable |
| RWA Platforms | Licensed tokenization platforms operating under MiCA or DLT Pilot Regime | 3 | 1 vote each | 2 years, renewable |
| Insurance & Pension Funds | Solvency II insurers or IORP II pension funds actively exploring RWA collateral | 2 | 1 vote each | 3 years, renewable |
| Academic & Research | Universities or research centers with published work in DLT, forensics, or financial law | 2 | 1 vote each | 2 years, renewable |
| PTCE Network Representatives | Elected by the global network of Prop Trust Certified Experts | 2 | 1 vote each | 2 years, renewable |
| Regulatory Observers | ESAs (ESMA, EBA, EIOPA) and ECB/SSM representatives | 2 | Observer (no vote) | Ongoing |
Decision thresholds: Ordinary resolutions require a simple majority (7+ of 13 voting seats). Constitutional amendments (changes to the charter, IP ownership, or dissolution) require a qualified majority of 10/13 plus the affirmative vote of the Founder Seat.
Founding Members
Appointment of the first 7 Founding Members (3 banks, 2 platforms, 2 universities). Publication of the Open Standard Manifesto. First public RFC.
First Plenary
Inaugural Board plenary in Frankfurt. Ratification of the Technical Specification v1.1. First Working Group on MiCA Alignment formed.
Expansion
Expansion to 13 voting seats. Election of PTCE Network representatives. Launch of annual PTVS Standards Conference.
Institutional Maturity
Formal recognition as a European Standardization Organization (ESD). Observer status granted to ESAs and ECB/SSM.
The Board delegates technical work to specialized Working Groups, open to any qualified contributor regardless of Board membership:
WG-MiCA Alignment
Monitors regulatory technical standards (RTS) under MiCA and proposes PTVS adaptations. Chair: to be appointed.
WG-Cryptography
Maintains the canonical JSON schema, hashing protocols, and Verifiable Claim structure. Reviews cryptographic primitives annually.
WG-Forensic Methodology
Defines the PTCE inspection protocols, PTVS Score calculation, and circuit breaker thresholds. Led by senior judicial experts.
WG-Climate & NGFS
Integrates climate-related physical risk metrics (NGFS-aligned) into the PTVS Score methodology.
WG-Interoperability
Liaises with ERC-3643, T-REX, ONCHAINID, and other identity/compliance standards to ensure seamless integration.
WG-Academic Review
Coordinates peer-reviewed publications, DOIs, and academic validation of the standard’s theoretical foundations.
To eliminate any concern of vendor lock-in or institutional dependency, PTVS implements the following safeguards:
Open-Source Core
The PTVSClaimInjector.sol smart contract, the canonical JSON schema, and the Verifiable Claim structure are published under MIT License on GitHub. Any institution can fork, audit, or implement independently.
Code Escrow
The complete source code of proprietary components is deposited with an independent third-party escrow agent. If Aurema Group ceases operations, the code automatically transitions to the public domain.
Scientific Permanence
The standard is permanently registered at CERN/Zenodo (DOI 10.5281/zenodo.21719175), HAL/CNRS, and OSF — ensuring its preservation independent of any commercial entity.
PTCE Network Autonomy
The network of certified forensic experts operates under independent licenses. If the central entity dissolves, the network can continue operating autonomously under Board governance.
We are currently selecting the first 7 Founding Members of the PTVS Technical Board. Ideal candidates are:
- European banks under SSM supervision with active RWA/tokenization strategies
- Licensed RWA platforms operating under MiCA or DLT Pilot Regime
- Universities and research centers with published work in blockchain, forensics, or financial regulation
- Insurance undertakings and pension funds exploring tokenized collateral under Solvency II / IORP II
Benefits of Founding Membership:
- Permanent voting seat on the Technical Board
- Priority access to PTVS v1.1 and v2.0 specifications before public release
- Direct liaison channel with ESMA, EBA, EIOPA, and ECB/SSM
- Co-authorship of official Working Papers and regulatory submissions
- Recognition as “Founding Member” on all PTVS documentation