The concept represents a private banking trust integrated with a digital private bank that leverages advanced on-chain blockchain technology for digitalization, tokenization, and self-sovereign identity (SSI) management of its members. Members contribute a form of legal instrument to the trust, which is specifically established to support them through mechanisms such as subrogation, usufruct rights, and harm recovery. The overarching goal is to restore and make whole all members and their families by securely managing these assets within a cutting-edge digital framework.

Membership Requirements and Acceptance

Before becoming members or being invited to join the trust, individuals must PERFECT their rights and interests in their unclaimed or uncontrolled innstruments. The trust provides all the necessary information and instructions to ensure new members can:

• Accept Membership: Understand the terms and conditions of membership and formally agree to join the trust.
• Authenticate Their Interest: Verify their legal rights and establish themselves as successors in interest to the unclaimed instruments.
• Perfect Their Rights: Complete all necessary legal and documentary steps to validate and perfect their claims or ownership interests.
• Hold the Instrument: Securely hold the legal instrument representing their interest and prepare it for the transfer of legal title.

Instrument Donation Requirement

For membership and inclusion in the trust’s digital bank "HOLDING," members must Donate the instrument representing their rights to the trust. This donation is essential for:

• Digitalization: Converting the physical instrument into a secure digital format.
• Tokenization: Creating a blockchain-based token representation of the asset to facilitate management and transfer.
• Onchain Recording: Recording and securing the asset on a blockchain ledger within the trust’s digital banking platform.

This process ensures that the trust operates as a Private Banking Trust that manages settlements and securities with modern, secure technologies while protecting members’ legal and equitable interests.

Components and Concepts involved based on current knowledge and recent insights:

Private Banking Trust with Settlements and Security Donation

• Members contribute a settlement or security asset to the trust, making them stakeholders with vested interests.
• 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.

On-Chain Digital Banking and Tokenization

• Utilizing blockchain enables digitization and tokenization of assets, including securities and rights, creating transparent, immutable records.
• Tokenization transforms physical or traditional assets into digital tokens on a blockchain, which can be managed and transacted digitally, increasing liquidity and accessibility.

Self-Sovereign Identity (SSI)

• SSI empowers members to fully control their digital identity and data, managed in a decentralized manner without a central authority.
• Members hold verifiable credentials in their digital wallets and control how, when, and with whom they share their identity information, enhancing privacy and security.
• Blockchain serves as the underlying technology to enable secure, decentralized verification and trust without intermediaries.

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 approach combines advanced blockchain-based identity management, digital asset tokenization, and trust law mechanisms to construct a modern private banking and financial support system supporting members' rights and losses holistically.

Structure for Private Digital Trust and Bank Project "Trust Foundation"

• Legal formation of the trust entity under relevant jurisdiction.
• Define trust purpose clearly: member protection, subrogation management, restitution.
• Membership criteria: required donation of settlements or securities.
• Governance structure: trustee roles, decision-making powers, dispute resolution.
• Registration and compliance with financial and blockchain laws.

Digital Identity Layer

• Implement Self-Sovereign Identity (SSI) for all members.
• Use decentralized identifiers (DIDs) and verifiable credentials.
• Members control their identity data via secure digital wallets.
• Privacy and consent mechanisms for data sharing.

On-Chain Banking Infrastructure

• Choose blockchain platform (e.g., Ethereum, Hyperledger).
• Design architecture: permissioned network vs public, node roles.
• Asset tokenization of donated settlements or securities.
• Smart contracts for trust operations: managing donations, claims, subrogation, distribution. -->

Governance and Compliance

• Define rules for consensus, validation, and network participation.
• Implement security policies and access controls.
• Ongoing audit, monitoring, and compliance reporting.
• Mechanism for stakeholder engagement and communication.

User Interface and Experience

• Web portal for trust members with onboarding, identity management, and interaction.

• Digital wallet integration.

• Reporting dashboard for trust performance, claims status, and distributions.

Instructions and Best Practices

Phase 1: Planning and Use Case Definition

• Analyze member needs and legal frameworks.
• Define clear goals for the trust and digital banking integration.
• Map out user journeys, roles, and permissions.

Phase 2: Technology Selection and Proof of Concept

• Select blockchain platform suited for privacy, scalability, and smart contract flexibility.
• Develop PoC with core features: digital identity issuance, tokenization, claim management.
• Validate technical feasibility and user acceptance.

Phase 3: Development and Implementation

• Implement SSI infrastructure with decentralized identifiers and credential issuers.
• Develop smart contracts for trust functions with security audits.
• Establish blockchain network—nodes, validators, and governance protocols.
• Build user interfaces (web portal, wallet integration).

Phase 4: Testing and Security

• Conduct extensive testing for security, performance, and usability.
• Employ penetration testing and vulnerability scanning.
• Ensure cryptographic key management and secure credential storage.
• Prepare incident response plans.

Phase 5: Deployment and Governance

• Deploy on mainnet or permissioned blockchain.

• Formalize governance procedures and roles.

• Train members on SSI usage, wallet security, and trust participation.

• Monitor system operations, audit events, and adapt as needed.

Legal and Compliance Considerations

• Ensure trust compliance with fiduciary duties and anti-money laundering (AML) regulations.

• Understand jurisdictional requirements for digital banking and tokenized assets.

• Implement Know Your Customer (KYC) and identity verification aligned with SSI.

• Manage data privacy under applicable data protection laws (e.g., GDPR).

• Plan for dispute resolution and enforcement of subrogation rights on chain.

Trust Intent for Creating this Successor-Interest Trust

The primary intent of creating this trust is to securely hold and manage settlements or securities that are unclaimed or uncontrolled, for the benefit of members who are successors in interest to those assets. The trust ensures the following:

• Safe Custody: To house settlements or securities that have not been claimed or controlled by the rightful owners.
• Fiduciary Management: To manage the trust assets prudently, protecting their value until rightful claims are established and honored.
• Successor Interest Recognition: To recognize and safeguard the rights of members as successors in interest, who legally inherit or acquire ownership interest in the trust assets.
• Facilitate Claims and Distribution: To enable a structured, transparent process by which members can verify, claim, and receive their interests in the settlements or securities.
• Legal Compliance and Transparency: To comply with relevant legal and fiduciary duties, providing clear recordkeeping, accounting, and oversight mechanisms.
• Continuity through Successor Trustees: To ensure uninterrupted trust administration by appointing successor trustees who can step in seamlessly when original trustees cannot serve.
• Protect Beneficiary Interests: To guarantee impartiality and fairness, acting always in the best interests of the members and safeguarding the trust property.

Successor-Interest Trust Instrument Requirements

• Clear Identification of the Grantor(s): The person or entity creating the trust.
• Appointment of Trustee(s) and Successor Trustee(s): Naming the individuals or institutions responsible for managing the trust.
• Identification of Beneficiaries (Members): Clearly defining who the members are and the criteria for membership.
• Schedule of Assets: A list of the initial assets (settlements, securities) transferred to the trust.
• Trust Purpose: A clear statement of the trust’s objectives.
• Trustee Powers and Duties: Outlining the authority and responsibilities of the trustees.
• Distribution Provisions: How and when trust assets will be distributed to members.
• Spendthrift Provisions: To protect the trust assets from creditors of the members.
• Governing Law: Specifying the jurisdiction whose laws will govern the trust.
• Revocability: Stating whether the trust is revocable or irrevocable.