Jurisdictions

One protocol. A different pack per country.

Every national rule the network enforces lives in one signed file the central bank approves. The settlement layer never changes.

National Bank of Georgia tokenized-instrument sandbox; lari; first bank issuer under letter of intent. The proving ground.

Tokenized deposits treated as deposits; a live digital-securities sandbox. Second network, month twelve.

Payment-institution tokens map to the e-money-token category under MiCA; bank deposit tokens sit outside it. Third.

After the GENIUS Act, deposit tokens carry a lighter relative burden than non-bank issuance. Fourth.

Regulatory descriptions are our reading of public frameworks as of September 2026 and are confirmed by counsel in each jurisdiction before go-live.

Not on this list?

The protocol treats a jurisdiction as a pack, a leg and a council. Tell us the central bank and we will tell you the path.