Trust Purpose and Function
The trust is designed to act collectively on behalf of members to handle claims and restoration, working as a protection and restitution mechanism. Through its digital and tokenized infrastructure, the trust can automate processes of validation, subrogation, and distribution efficiently and transparently.
This Private Digital Trust is established as a community-driven, blockchain-based financial trust dedicated to the protection, restoration, and empowerment of its members. All members donate a settlement or security asset to the trust, which serves as both the foundation and collective security for all members.
All members will be charged a membership fee until they have perfected their rights and interests in the unclaimed or uncontrolled settlements or securities held by the trust. This fee supports the ongoing administrative, operational, and legal costs involved in verifying claims, managing digitalization, maintaining the trust infrastructure, and protecting members’ interests.
The membership fee ensures members contribute fairly to the collective effort required to perfect their claims and secure their assets. It acts as an investment in services that safeguard, legalize, and manage each member’s rightful interests.
Charging fees only until a member’s rights are perfected incentivizes progress and fairness. Once a member’s interests have been fully secured and Digitized, continuing fees are waived, reflecting the completion of their onboarding and claim process.
Members contribute an instrument to the trust, making them stakeholders with vested interests.
The Trust will guide its members through a new and empowering journey of being entrusted with their rights and assets in a world where security and equitable capital production are often lacking. It educates members that the current system fails to ensure fairness and shared wealth, as protected under the maxim of equity at law. Members learn that third parties and external actors have historically misclassified and encroached upon their rights involving subrogation, usufruct, and restitution.
By joining the Trust, members enter a collective effort to restore and make whole what has been lost or controlled by others unjustly. Through transparent on-chain digitalization, asset tokenization, and self-sovereign identity, the Trust grants members autonomy, clarity, and protection. It empowers them to reclaim authority over their assets and rights, ensuring fairness, rebuilding trust, and advancing toward equitable wealth sharing within its community.
In essence, the Trust serves as both a guardian and educator, helping members navigate complex legal and financial landscapes to secure their rightful claims and pursue restoration in a manner consistent with equity and justice.
The trust acts to help members with subrogation claims (the right to pursue a third party who caused a loss), usufruct rights (the right to use and enjoy another’s property), and any harms suffered, aiming for restoration of the members' losses.
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Instrument Verification and Authentication Workflow Before Blockchain Onboarding
Members will gain access to their Self-Sovereign Identity (SSI) only after they have perfected their rights and rightful claims to the unclaimed or uncontrolled settlements or securities. SSI empowers members to fully control their digital identities and personal data in a decentralized, trustless environment without relying on any central authority.
With SSI, members hold verifiable credentials securely in their digital wallets and have autonomy over how, when, and with whom they share their identity information. This selective disclosure greatly enhances privacy and security.
Blockchain technology underpins SSI by enabling immutable, decentralized verification and trust without intermediaries, ensuring members’ identities and personal data remain secure, transparent, and under their sole control.
The trust thereby ensures that only those members who have fully established their legitimate claims can leverage the powerful autonomy, privacy, and security benefits provided by SSI.
Blockchain technology enables the digitization and tokenization of assets, such as securities and rights, by creating transparent and immutable records on a decentralized ledger. Tokenization converts physical or traditional assets into digital tokens recorded on a blockchain, which can then be securely managed, transferred, and transacted in a digital environment.
This transformation unlocks increased liquidity by making assets more accessible and easier to trade globally. It also enhances transparency, security, and efficiency by leveraging blockchain’s immutable and decentralized nature, fostering a new era of digital banking where ownership and asset rights are verifiable and programmable.
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