Unykorn Bank Protocol — Institutional Overview
Provably Deterministic, Non-Custodial, Proof-Anchored Reference Issuance Engine
Unykorn Bank Protocol is a provably deterministic, non-custodial, proof-anchored reference issuance engine that enables institutions to verify and monetize real-world and blockchain-native proof of funds without transfer of custodial rights or redemption obligations.
This overview explains, in precise terms, what the system is, what it is not, how it is built, and how institutions can engage with it safely and rigorously.
Core Engines — Precisely Defined
Truth Evaluation & Anchoring
- TEV (Truth Evaluation): Cryptographically validates evidence (blockchain, documents, attestations)
- TAR (Truth Anchor Record): Immortalizes evidence and decisions via ordered, auditable record chain
Risk & Issuance Controls
- Vault Engine: Tracks reference assets without custody. Vaults represent reference state, not custodial holdings.
- Risk Engine: Calculates collateralization using mathematically fixed formulas with no administrative overrides
- Issuance Engine: Produces reference units (non-redeemable) based on allowed risk capacity
For Credit Committees: All invariants are code-enforced. No human can override collateralization requirements or mint beyond risk capacity.
What Has Been Built
Uny Layer-1 is a complete proof-of-concept blockchain ecosystem demonstrating institutional-grade monetary reference issuance. Built from first principles in Rust with zero external dependencies for core validation logic.
Live Infrastructure (Running Now)
- 88 Docker Containers: Validators, indexers, explorers, APIs
- 7 Active Validators: BFT consensus, block production (23+ blocks)
- PostgreSQL Database: Full blockchain state, transaction history
- Real-time Block Explorer: Web interface for live chain data
- IPFS Integration: Decentralized evidence storage with DNSLink
- Web3 Gateways: Browser-native IPFS access (Cloudflare)
Core Engines & Systems
- 5 Collateral Engines: Metal, equity, property, commodity, crypto
- Truth Anchor Records (TAR): Immutable proof chain (6 records)
- Simulation Engine: 74M → 887,999 UNY-REF deterministic issuance
- Verification Explorer: Zero-trust protocol replay (30-45 min)
- Evidence Pipeline: Automated proof package generation
- XRPL Integration: Public ledger anchoring (2 tranches, 74M USDT)
Status: All systems operational. Full source code available at github.com/kevanbtc/uny-rust
Legal and Compliance Posture
Unykorn's Legal Design Intentionally Avoids:
- Custody claims
- Deposit obligations
- Redemption obligations
- Banking licenses
Instead, Unykorn Delivers:
- Complete audit trails
- Publicly verifiable proofs
- Deterministic governance
- Legal opinions on classification (non-security, non-deposit)
For Legal Counsel: This allows institutions to conduct rigorous due diligence without assuming unintended liabilities.
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What Unykorn Is
- Proof-first issuance protocol accepting verifiable evidence as inputs
- Non-custodial system — assets remain with rightful holders
- Deterministic risk-governed engine enforcing ≥150% over-collateralization
- Evidence anchored to public blockchains for auditability
- Auditor-verifiable via zero-trust replay protocol
For Auditors: See Master Verification Protocol
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What Unykorn Is Not
- Not a bank or depository institution
- Not custodial — no asset control or fiduciary duty
- Not redeemable — no claim on underlying assets
- Not yield-bearing — no interest or returns
- Not a stablecoin — no fiat peg mechanism
- Not a security — no profit expectation
For Banks: Risk-governed reference issuance — not deposits
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Institutional Guarantees
- Non-custodial operation
- Provable issuance invariants (no admin override)
- Blockchain-anchored proofs
- Deterministic auditor-replayable verification
- Clear legal statements of position
For Insurers: Deterministic collateralization math — verify independently
Proof Infrastructure — Built on Public, Final Blockchains
XRPL Proof-of-Funds Layer
XRPL balances, transaction history, and trust-line states are used as evidence inputs. These are public, deterministic, and Byzantine-final data, providing the backbone of verifiable proof.
(e.g., XRPL transaction hashes and ledger indices are ingested and verified)
IPFS Evidence Anchoring
Legal documents, appraisals, attestations, and other evidence are hashed and pinned to IPFS, ensuring integrity and decentralized availability of proof artifacts.
All evidence passes through deterministic Truth Evaluation (TEV) engine, then recorded in immutable Truth Anchor Record (TAR) chain.
Technical Architecture (Web3 Implementation)
This section provides technical depth on the Web3 stack powering institutional verification. Institutions can rely on public finality, not counterparty assertions.
Why Web3 Matters for Institutional Proof
Traditional web hosting creates single points of failure—websites can disappear, servers can be shut down, evidence can be altered. For institutional verification, proof must be permanent, immutable, and censorship-resistant.
🌐 True Web3 = Decentralized Permanence
- IPFS (InterPlanetary File System): Content-addressed storage—files identified by cryptographic hash, not location
- DNSLink: Human-readable domains (proofs.unykorn.org) pointing to IPFS content via DNS TXT records
- Cloudflare Web3 Gateways: Browser-native HTTPS access to IPFS content—no plugins, no complexity
- Content Immutability: Once published to IPFS, content cannot be changed—only new versions with new hashes
- Multi-Gateway Access: Same content accessible through any IPFS gateway worldwide
⚡ How Uny Uses Web3
- Evidence Packages: Simulation outputs, XRPL proofs, TAR exports automatically pinned to IPFS
- Verification Portal: Static site with immutable proof links—no database, no backend
- Governance-Controlled Rotation: DNSLink TXT records allow authorized updates while preserving historical versions
- Institutional Survivability: Proof accessible even if main infrastructure fails—distributed across global IPFS network
- Browser-Native Access: https://proofs.unykorn.org loads IPFS content via HTTPS—feels like normal web, powered by Web3
💡 The Strategic Advantage
Traditional Web: "Trust us, here's our website" → Website goes down, evidence disappears, verification impossible.
Web3 Architecture: "Here's the cryptographic hash, verify anywhere" → Evidence remains accessible globally, permanently, even if original entity ceases operations.
For Banks/Insurers: Verification doesn't depend on our operational continuity. Proof lives on the network, not our servers. This is institutional-grade survivability.
Architecture Status: IPFS integration operational, Web3 Gateways configured (15 available), DNSLink ready for deployment. Evidence pipeline generates IPFS-compatible packages with automatic pinning via Pinata API.
Liquidity Access: How Institutions Can Use the System
Unykorn itself does not provide liquidity. Instead, it enables liquidity through provably safe bridges:
1) Structured Credit Pathways
- Use Unykorn's proof and risk reports to secure lines from private credit desks
- Debt terms reference Unykorn's deterministic issuance limits
- Conservative LTV ratios based on risk-adjusted collateral values
2) Proof-Anchored Lending Protocols
- Convert XRPL-verified assets into regulated stable tokens (USDC/USDT)
- Deposit on lending protocols under conservative LTV
- All paths preserve no-custody, no-redemption posture
For Treasury Operations: Access liquidity via regulated conversion and risk-based lending channels. No speculative yield promises, no redemption obligations.
All claims made on this site are independently verifiable using public blockchains, IPFS evidence, and the Master Verification Protocol.