---
protocol_version: 4.0-HM-TRI
case_id: D20826X5P
issue_id: RWA-BASE-X5P-0001
machine_readable: true
languages: [en, ru, sr]
state: ISSUED_SANDBOX
---
# Human × Machine RWA Issuance Protocol

**Case:** D20826X5P  
**Issue:** RWA-BASE-X5P-0001  
**State:** ISSUED_SANDBOX  
**Language:** EN

> Experimental sandbox · no investment offer · no title transfer · no payment obligation.

## 01 / Protocol intent

This protocol records the experimental Genesis RWA that reflects the base economic underlying of X5 Power. It is a registry and verification object, not a fundraising instrument or a promise of profit.

## 02 / Capital layers

Underlying, AUM and payment rights are distinct layers. They describe different relationships to the same system and must not be mechanically added.

| Layer | Reference | State |
|---|---:|---|
| BASE · Full economic underlying | ₽5.300T | TOKENIZED_SANDBOX |
| AUM · Assets under management | ₽540B | IDENTIFIED_NOT_ISSUED |
| PAYMENT_RIGHTS · Tokenizable payment rights | ₽1.440T | IDENTIFIED_NOT_ISSUED |
| PROFIT · Profit / cascade effects | ₽0 | OUTSIDE_BASE_CAPITAL |

**Invariant:** BASE RWA + AUM + PAYMENT RIGHTS ≠ SYSTEM VALUE

## 03 / Genesis issuance

One non-transferable Genesis Object is registered. Quantity 1 means one root digital object for one defined economic perimeter; it does not mean one share or a claim for the reference value.

```text
CASE=D20826X5P
ISSUE=RWA-BASE-X5P-0001
SYMBOL=X5P.BASE.RWA
ROOT=D20826X5P:BASE
REFERENCE_VALUE=5300000000000:RUB
RIGHT=REGISTRY_REFLECTION_ONLY
TRANSFER=LOCKED
SETTLEMENT=NONE
LEGAL=EXPERIMENTAL_UNQUALIFIED
STATE=ISSUED_SANDBOX
```

## 04 / Rights and legal state

The Genesis RWA creates a registry reflection only. Ownership, payment claims, profit rights, redemption and free transfer are not created by this token.

| Right | Meaning | State | Transfer | Settlement |
|---|---|---|---|---|
| CFA_CONVERSION | Potential later regulated club issuance after qualification | PENDING_QUALIFICATION | N/A | N/A |
| MANAGEMENT_CONTOUR | Identified assets intended to enter the management / intelligence contour | IDENTIFIED | NOT_TOKENIZED | NONE |
| PAYMENT_CLAIMS | Long-term payment stream and claim rights that may later be packaged | DESCRIBED_NOT_ISSUED | LOCKED | NONE |
| RWA_REFLECTION | Digital registry reflection of the reference underlying | ACTIVE_SANDBOX | LOCKED | NONE |
| SETTLEMENT_RIGHT | Ability to settle against a payment rail | DISABLED | LOCKED | NONE |
| TRANSFER_RIGHT | Ability to transfer the experimental object | DISABLED | LOCKED | NONE |

## 05 / Lineage and double-count protection

Every derived instrument must trace back to a distinct right and collateral atom. The same atom cannot be encumbered twice.

```text
COLLATERAL_ATOM = QUANTITY × TIME_INTERVAL × RIGHT_TYPE × LINEAGE_ROOT
ONE_ATOM_ONE_ENCUMBRANCE = TRUE
ATOM=ATOM-D20826X5P-BASE-001
ATOM_STATE=LOCKED
LOCKED_BY=RWA-BASE-X5P-0001
```

## 06 / Issuance gates

A regulated or transferable instrument may only be created after the relevant evidence and legal gates are passed.

| # | Gate | State | Unlocks |
|---:|---|---|---|
| 1 | Underlying mapping | REFERENCE_READY | Allows registry reflection |
| 2 | Valuation basis | REFERENCE_ONLY | Required before regulated issuance |
| 3 | Legal qualification | PENDING | Unlocks legal rights and circulation rules |
| 4 | Custody / title evidence | REGISTRY_ONLY | Unlocks custody-grade representation |
| 5 | Transfer controls | LOCKED | Unlocks controlled circulation only after legal gate |
| 6 | Settlement rail | DISABLED | Unlocks VEP / bank / CBDC adapter later |
| 7 | CFA wrapper | NOT_STARTED | Moves qualified rights into regulated instrument |

## 07 / Derived series

These are designed or candidate branches. Their appearance in the Depository is not itself an issuance.

| Series | Family | Layer | State | Dependency |
|---|---|---|---|---|
| CFA-X5P-WRAPPER | CFA | LEGAL | PENDING | Legal qualification + operator + issue decision + circulation rules |
| PBS-CAP-X5P | PBS_CAPACITY | EFFECT | DESIGNED | Verified MW + control / delivery right |
| PBS-FLEX-X5P | PBS_FLEX | EFFECT | DESIGNED | Control right + availability + dispatch verification |
| PBS-SAVE-X5P | PBS_SAVE | EFFECT | DESIGNED | Verified delta + oracle methodology |
| RWA-AUM-X5P-0001 | RWA_AUM | AUM | CANDIDATE | Asset perimeter + legal/custody qualification |
| RWA-PAY-X5P-0001 | RWA_RIGHTS | PAYMENT_RIGHTS | CANDIDATE | Claim inventory + enforceability + waterfall |

## 08 / Machine manifest

```json
{
  "protocol_version": "4.0-HM-TRI",
  "case": {
    "id": "D20826X5P",
    "status": "SANDBOX_ACTIVE",
    "legal_status": "EXPERIMENTAL_UNQUALIFIED"
  },
  "issuance": {
    "id": "RWA-BASE-X5P-0001",
    "symbol": "X5P.BASE.RWA",
    "class": "RWA_BASE",
    "quantity": 1,
    "unit": "GENESIS_OBJECT",
    "state": "ISSUED_SANDBOX",
    "rights_model": "REGISTRY_REFLECTION_ONLY",
    "transferability": "LOCKED",
    "settlement": "NONE",
    "legal_status": "EXPERIMENTAL_UNQUALIFIED"
  },
  "underlying": {
    "reference_value": 5300000000000,
    "currency": "RUB"
  },
  "layers": {
    "aum": 540000000000,
    "payment_rights": 1440000000000,
    "additive": false
  },
  "lineage": {
    "root": "D20826X5P:BASE",
    "atom": "ATOM-D20826X5P-BASE-001",
    "atom_state": "LOCKED",
    "locked_by": "RWA-BASE-X5P-0001"
  },
  "attestation": {
    "hash": "sha256:788942d2521413c7f34dfe5df84955005cda31dca5ee0c6f6e58a0d8d67c69c2"
  },
  "invariants": {
    "one_atom_one_encumbrance": true,
    "non_additivity": true,
    "financial_state_lte_truth_state": true
  }
}
```

## 09 / Reference validator

```python
def validate(p):
    assert p["invariants"]["one_atom_one_encumbrance"] is True
    assert p["invariants"]["non_additivity"] is True
    assert p["issuance"]["transferability"] == "LOCKED"
    assert p["issuance"]["settlement"] == "NONE"
    assert p["lineage"]["locked_by"] == p["issuance"]["id"]
    return "VALID_SANDBOX_STATE"
```

## 10 / Event trail

- 2026-08-26 04:11:33 · PBS_I18N_DEEP_PASS · D20826X5P · #i18n-full-0826
- 2026-08-26 03:58:56 · PBS_TRILINGUAL_UI_PUBLISHED · D20826X5P · #668281ef-60b5-46
- 2026-08-26 03:37:29 · PROTOCOL_PUBLISHED · D20826X5P · #proto31hm
- 2026-08-25 20:46:40 · CASE_MODEL_EXPANDED · D20826X5P · #d20826x5p2a0b1c
- 2026-08-25 20:41:30 · RWA_GENESIS_ISSUED · RWA-BASE-X5P-0001 · #788942d2521413c7