A rail is only as good as its rules.
We built governance into the accounting. Nothing reaches the books until it’s verified on the ground — and the community earns first.
Most funds treat governance as a disclosure — a PDF you sign and forget. The rules aren’t wrapped around the money: they’re inside the math, the contract, and the windows. Value is recognized, never assumed.
Nothing moves until the gate before it signs.
Three human-in-the-loop gates (VLAS v1.0), eligibility floors at land entry, and a liquidity gate at exit. Each is a hard stop — no recognition, no valuation, no distribution until it clears.
FPIC documented · minimum stewardship (Smin) · minimum permanence (Pmin) · maximum uncertainty (Umax). Below these floors, no credit is ever recognized from this place.
An independent Verifier confirms the data conform to the AdapterSpec and signs the IndicatorPackage + FPIC status. Any failure is quarantined and cannot proceed.
A signed CalcProof is approved — correct ruleset, no tampering — before any credit is recognized in the registry. Only signed proofs reach the books.
The community benefit share is netted at recognition — before any investor logic — via the router contract. Gains hold where they are grown.
Impact-NAV is computed from circulating, verified quantities and signed before it is published. NAV counts only contracted and verified value; pricing ≤ appraisal.
Redemptions run through semi-annual windows — gated, FIFO-queued, swing-priced, with a lock-up — so no one redeems against an inflated mark.
Gates 1–3 per VLAS v1.0 (three canonical human-in-the-loop gates); eligibility floors and liquidity gating per the PPM. Illustrative — the PPM governs. No figures shown publicly.
Discipline you can audit.
The dual gate
Built on established standards — INREV + IPEV/IFRS for financial valuation, independent VVB / ISO verification for natural systems. PRT recognizes nothing until both gates clear. Both, or it doesn’t move.
The Covenant — community earns first
Every recognition feeds the community benefit fund first, netted at recognition — before any investor logic — via the router contract. Waterfall: stewardship → verification/insurance → split. Gains hold where they’re grown.
Gated investment policies
Capital advances gate by gate — readiness → finance → natural-systems → recognition — each with its own policy threshold. All thresholds illustrative.
Auditability & traceability
VLAST gives every recognized asset a provenance trail to ground-truth on the registry — the anti-spoofing, anti-greenwashing layer. If it can’t be traced, it isn’t recognized.
Risk discipline
NAV counts only contracted and verified value. Two lenses, pricing ≤ appraisal, so no one redeems against an inflated mark. Liquidity is windowed, gated, FIFO-queued, swing-priced, with a lock-up. Illustrative; the PPM governs.
Oversight
Fiduciary PBC Manager + Investor Advisory Committee + Conflicts Committee / independent directors (auditor · appraiser · oracle rotation), quarterly reporting, written allocation policy, and removal rights.
Stewardship before solicitation. PRT sets the standard. It doesn’t supplicate to one.
Rules, at their best, are not constraints. They are the banks of the river — what lets the water move with force and stay in its course. Good governance is how a place keeps its promises across generations.
This material is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security. Nothing herein is investment, legal, or tax advice. Forward-looking statements are inherently uncertain. An offer is made only by the PPM.