{
  "$schema": "https://finance.entelekron.org/schemas/tvkusd-reserve-eligibility.schema.json",
  "schemaVersion": "1.0.0",
  "canonicalAssetId": "tvk-group:tvkusd",
  "policyId": "tvkusd-reserve-eligibility-prelaunch-v1",
  "status": "prelaunch-unapproved",
  "effectiveAt": "2026-08-14T00:00:00Z",
  "denomination": "USD",
  "approvalScope": {
    "issuerLegalEntity": null,
    "jurisdictions": [],
    "independentlyApproved": false
  },
  "coverage": {
    "minimumReserveCoverageBps": 10000,
    "approvedBufferBps": null,
    "minimumSameDayLiquidityBps": null,
    "status": "inputs-required-before-activation"
  },
  "candidateAssetClasses": [
    {
      "id": "segregated-usd-cash",
      "decision": "unapproved",
      "maximumMaturityDays": 0,
      "maximumConcentrationBps": null,
      "requiredEvidence": ["approved-bank", "segregated-account", "legal-ownership-opinion", "daily-balance-evidence", "withdrawal-authority-review"]
    },
    {
      "id": "short-duration-us-government-obligations",
      "decision": "unapproved",
      "maximumMaturityDays": null,
      "maximumConcentrationBps": null,
      "requiredEvidence": ["jurisdiction-eligibility", "approved-custodian", "unencumbered-title", "independent-valuation", "liquidity-stress-test"]
    }
  ],
  "prohibitedAssetClasses": [
    "enk-or-affiliate-tokens",
    "cryptoassets",
    "other-stablecoins",
    "affiliate-debt-or-equity",
    "commercial-paper",
    "unsecured-bank-deposits-with-unapproved-institutions",
    "encumbered-or-rehypothecated-assets",
    "derivatives-used-for-yield-or-speculation",
    "property-or-illiquid-private-assets"
  ],
  "safeguards": {
    "segregatedFromOperatingFunds": true,
    "beneficialOwnershipDocumented": true,
    "noRehypothecation": true,
    "noProprietaryTrading": true,
    "noAffiliateFinancing": true,
    "noCrossBookNetting": true,
    "dailyReconciliationRequired": true,
    "independentValuationRequired": true,
    "stressTestingRequired": true
  },
  "valuation": {
    "frequency": null,
    "independentPriceSourcesRequired": 2,
    "stalePriceToleranceSeconds": null,
    "haircutScheduleApproved": false
  },
  "currentEligibleAssets": [],
  "currentEligibleReserveUsd": "0.00",
  "notice": "No asset class, bank, custodian or account is approved. Candidate classes describe future review inputs, not current TVKUSD reserves."
}