Progress & Status — April 2026
What we have built. What comes next.
Dignity UnyKorn has completed two substantive phases of work. Phase I delivered the strategic foundation and full platform architecture. Phase II delivered validated operating evidence against a live system. Phase III is institutional maturation — legal packaging, capital formation, and first issuance.
Phase I
Architecture & Foundation
COMPLETE
Phase II
Operational Validation
COMPLETE
Phase III
Institutional Maturation
IN PROGRESS
Completed — Phase I & II
29 validated milestones. Every Phase II item was confirmed against a live database.
PI
Strategic thesis established — institutional gold-backed digital securities OS defined✓PI
Institutional board seated — David Weild IV (Chairman, former NASDAQ Vice Chairman, JOBS Act architect)✓PI
6 domain-expert directors: securities law, capital markets, tech governance, clinical rigor, mining disclosure, ESG / Indigenous sovereignty✓PI
14-package Next.js monorepo architecture designed and fully implemented✓PI
PostgreSQL schema with full Prisma 5.x ORM — all migrations applied, schema current✓PI
8-role access control (NextAuth.js v4): SUPER_ADMIN, TREASURY_OFFICER, COMPLIANCE_OFFICER, MARKET_OPS, ANALYTICS, INVESTOR_SERVICES, AUDITOR, BOARD_MEMBER✓PI
Hash-chain audit event infrastructure: append-only SHA-256 linked, PostgreSQL-backed, WORM-compliant design✓PI
Core packages scoped and built: @dignity/db, audit, auth, compliance-engine, token-engine, treasury, reserve-registry, attestation, market-ops, exchange-adapters, analytics, documents, shared-types, ui✓PI
Rust performance core — sub-ms yield calculation, WASM policy engine, zero-copy serialisation✓PI
13-chain settlement architecture: Bitcoin, XRPL, Stellar, Ethereum, Solana, Polygon + 8 EVM networks✓PI
4-custodian framework: Fireblocks MPC (6 custom modules, 12 vault roles, 3-of-5 multisig), BitGo, Anchorage Digital, APMEX + Brink's (physical gold)✓PI
Compliance engine: Persona KYC, Middesk KYB, ComplyAdvantage AML, Parallel Markets accreditation — 8 jurisdictions (Reg D/S, MiCA, MiFID II, FCA, MAS)✓PI
AI agent operations: 21 MCP tools across 7 domains, 6 supervised personas (Deal, Compliance, Investor, Treasury, Rights, Issuance)✓PI
Four-eyes governance: dual-key approval, no-override system invariant, SHA-256 hash-chain audit log✓PII
Live database connection confirmed against production schema (PostgreSQL port 5433)✓PII
All Prisma migrations applied cleanly — zero pending migrations✓PII
Seed procedure verified: program, security class, reserve data, venues, approval requests — no conflicts✓PII
All 8 core admin pages return HTTP 200 under authenticated session✓PII
All critical write flows persisted end-to-end: mint requests, redemption requests, approval decisions, reserve-report publishing, venue toggle, spread-policy changes✓PII
Approval workflow engine validated — 5 approval types functional (MINT_REQUEST, REDEMPTION_APPROVE, VENUE_TOGGLE, SPREAD_POLICY_CHANGE, RESERVE_REPORT_PUBLISH)✓PII
Reserve report lifecycle (DRAFT → PUBLISHED) validated with approval-gate enforcement✓PII
Audit chain integrity confirmed — 29 immutable events, SHA-256 linked, sequential chain intact✓PII
TypeScript typecheck clean — zero errors across full monorepo (tsc --noEmit)✓PII
Production build passes — next build completes cleanly, all pages compile, no critical warnings✓PII
Compliance engine wired into subscription and transfer flows✓PII
Public institutional site live at dignity.unykorn.org — evolution, proof, platform, leadership, roadmap, fundability, controls pages✓PII
Broker-dealer operating layer live at brokerdealer.unykorn.org — 9-module OS for restricted digital securities documented and published✓PII
SBLC standard language (SWIFT MT-760, ICC UCP 600) documented and integrated into Reserve Proof layer✓PII
31 institutional-grade download documents across 7 categories published in resource library✓Next steps — Phase III
These are sequenced, identifiable tasks — not open-ended blockers. They represent the final phase of institutional maturation before first DIGAU issuance.
Legal / Compliance
NEAR-TERM
›Investor disclosure package: draft term sheets, offering memorandum, risk factors, and subscription agreement.
›Third-party legal compliance review with board counsel (Richard Allen Perkins).
›Regulatory framework documentation — Reg D 506(c) or 506(b) election, Form D preparation.
›External attestation engagement — identify and contract a PCAOB-registered reserve attestor.
›Blue sky notice filing checklist — state-by-state analysis for target investor jurisdictions.
SBLC / Capital Formation
IMMEDIATE
›Identify an SBLC-issuing bank relationship (prime bank or rated correspondent).
›Determine SBLC face value and structure relative to the DIGAU offering tranche size.
›Choose use case: Reserve Enhancement, Gold Procurement, or Working Capital Monetisation.
›If Gold Procurement: engage APMEX or Brink's-network gold supplier and negotiate SBLC terms.
›If Monetisation: approach a trade finance desk to confirm discount rate and timeline (typically 30–45 days).
›File UCC-1 financing statement once gold is in custody to establish priority lien.
›Anchor SBLC instrument hash on-chain via ReserveProofAnchor.sol (Base) once deployed.
Infrastructure
NEAR-TERM
›Production environment hardening — environment variables, secrets management, rate limiting.
›Cloudflare edge deployment for public sites (dignity.unykorn.org + brokerdealer.unykorn.org).
›ReserveProofAnchor.sol deployment on Base mainnet — on-chain reserve proof anchoring live.
›SBLC instrument hash anchoring integration — proof-of-reserve layer records SBLC as collateral.
Market Structure
PHASE III
›Exchange venue onboarding — initial ATS engagement for DIGAU secondary market readiness.
›Transfer agent coordination — cap-table link and restriction carriage on secondary transfers.
›Market maker framework activation — spread policy governance, LP onboarding.
›Reg ATS notice filing (Form ATS or ATS-N) if operating own matching venue.
Product / Token
PHASE III
›Investor portal launch — accredited investor onboarding workflow live and tested.
›Initial DIGAU mint — first token issuance under reserve coverage gating once SBLC or custody confirmed.
›KYC/accreditation workflow live-tested with real investor submissions.
›Distribution and reporting cycle activated — first investor reporting period.
Capital formation paths — how to move forward
There are four primary paths to advance DIGAU toward first issuance. These can be pursued in parallel. An SBLC is the fastest route to a reserve-backed position without waiting for a full equity raise.
Path A — SBLC-Backed Reserve (Fastest)
Source an SBLC from a rated bank and pledge it as reserve collateral. Documents the backing without requiring immediate physical gold delivery. Ideal for first closing.
1.Identify bank → 1–2 weeks
2.SBLC issued via MT-760 → 3–5 banking days
3.Platform records SBLC as reserve lot → same day
4.UCC-1 filed → 1 week
5.Attestor reviews → 2–4 weeks
⏱ ~6–8 weeks to reserve-backed issuance
Path B — Gold Procurement via SBLC
Issue SBLC to a physical gold supplier as the purchase mechanism. Gold delivered to Brink's / APMEX custody before SBLC is drawn. Strongest reserve proof position.
1.Supplier agreement → 1–2 weeks
2.SBLC issued → 3–5 days
3.Gold shipped/vaulted → 2–4 weeks
4.Custody receipt & assay → 1 week
5.SBLC draw on confirmed delivery → same day
6.Reserve Registry updated → same day
⏱ ~6–10 weeks to fully-custodied gold
Path C — SBLC Monetisation for Working Capital
Discount an existing SBLC to raise 40–60% of face value as operating cash. Funds legal, compliance, custody onboarding, and technology deployment. Proceeds are not investor capital.
1.Identify trade finance desk → 1 week
2.SBLC leased or owned → 1–2 weeks
3.Discount negotiated → 3–5 days
4.Proceeds received → 5–10 banking days
5.Deploy capital to platform costs → ongoing
⏱ ~3–5 weeks to operating capital
Path D — Equity or Debt Round (No SBLC)
Raise a seed or Series A round from institutional investors, family offices, or strategic partners using the validated platform as the investment thesis.
1.Data room preparation → 2–3 weeks
2.Investor outreach (board network) → 4–8 weeks
3.Term sheet negotiation → 2–4 weeks
4.Legal / closing → 4–6 weeks
⏱ ~12–20 weeks to first close
Dignity institutional platform
The Dignity institutional site at dignity.unykorn.org provides the board-facing and counterparty-facing overview of the platform — evolution narrative, proof center, leadership, roadmap, controls, and fundability assessment. This site (brokerdealer.unykorn.org) provides the operating layer documentation for broker-dealers, issuers, and counsel working with the platform on live offerings.