X5 POWERPBS / ACTIVE CRYPTO DEPOSITORY

Case dossier · Genesis RWA · Dossier 2.0

D20826X5P

Tokenization of the base economic underlying as a non-transferable experimental registry object. Base RWA, AUM, payment rights and future profit are separated into distinct layers with common lineage and anti-double-counting controls.

Genesis object

IssueRWA-BASE-X5P-0001

SymbolX5P.BASE.RWA

Reference underlying₽5.300T

Quantity1 GENESIS_OBJECT

StateISSUED_SANDBOX

TransferLOCKED

Lineage root

D20826X5P:BASE

Attestation

sha256:788942d2521413c7f34dfe5df84955005cda31dca5ee0c6f6e58a0d8d67c69c2

Capital stack · separate layers, not a sum

Underlying architecture

BASEFull economic underlying

₽5.300T

Physical infrastructure, energy contours, equipment, generation, rights and managed assets

TOKENIZED_SANDBOX

AUMAssets under management

₽540B

Separately identified pool entering X5 Power / intelligence management contour

IDENTIFIED_NOT_ISSUED

PAYMENT_RIGHTSTokenizable payment rights

₽1.440T

Long-term payment stream and claims; separate from base asset

IDENTIFIED_NOT_ISSUED

PROFITProfit / cascade effects

—

Direct, incidental and cascade effects arise above the working system

OUTSIDE_BASE_CAPITAL

The ₽5.3T base RWA, ₽0.540T AUM pool and ₽1.440T payment-rights layer are different views of one system and are not mechanically aggregated. Profit and cascade effects sit above base capital.

Causal lineage

Tokenization state machine

01 REALITYExisting physical/economic system

02 PERIMETERUnderlying boundary & inventory

03 REFLECTIONRegistry representation

04 ATOMExclusive lineage atom

05 RWA GENESISBase sandbox object issued

06 RIGHTSAUM / claims / effects

07 CFA WRAPPEROnly after qualification

UNDERLYING → ASSETS UNDER MANAGEMENT → PAYMENT RIGHTS → RWA / CFA → PROFIT

Rights decomposition

Rights matrix

Code	Economic object	Scope	State	Transfer	Settlement
CFA_CONVERSION	Regulated CFA wrapper Potential later regulated club issuance after qualification	FUTURE	PENDING_QUALIFICATION	N/A	N/A
MANAGEMENT_CONTOUR	Management contour Identified assets intended to enter the management / intelligence contour	AUM	IDENTIFIED	NOT_TOKENIZED	NONE
PAYMENT_CLAIMS	Payment claims Long-term payment stream and claim rights that may later be packaged	PAYMENT_RIGHTS	DESCRIBED_NOT_ISSUED	LOCKED	NONE
RWA_REFLECTION	Registry reflection Digital registry reflection of the reference underlying	BASE	ACTIVE_SANDBOX	LOCKED	NONE
SETTLEMENT_RIGHT	Settlement right Ability to settle against a payment rail	RWA-BASE-X5P-0001	DISABLED	LOCKED	NONE
TRANSFER_RIGHT	Transfer right Ability to transfer the experimental object	RWA-BASE-X5P-0001	DISABLED	LOCKED	NONE

Integrity primitive

Lineage & anti-double-counting

Case rootD20826X5P

Lineage rootD20826X5P:BASE

Collateral atomATOM-D20826X5P-BASE-001

Atom stateLOCKED

Encumbered byRWA-BASE-X5P-0001

Invariantone atom → one encumbrance

A child series must differ by right, quantity, time interval or lineage atom. The same atom cannot be reused.

What may become issuable

Derived series tree

CFACFA-X5P-WRAPPER

Regulated CFA Wrapper

—PENDING

Dependency: Legal qualification + operator + issue decision + circulation rules

PBS_CAPACITYPBS-CAP-X5P

Capacity Series

—DESIGNED

Dependency: Verified MW + control / delivery right

PBS_FLEXPBS-FLEX-X5P

Flexibility Series

—DESIGNED

Dependency: Control right + availability + dispatch verification

PBS_SAVEPBS-SAVE-X5P

Verified Savings Series

—DESIGNED

Dependency: Verified delta + oracle methodology

RWA_AUMRWA-AUM-X5P-0001

AUM Reflection Series

₽540BCANDIDATE

Dependency: Asset perimeter + legal/custody qualification

RWA_RIGHTSRWA-PAY-X5P-0001

Payment Rights Series

₽1.440TCANDIDATE

Dependency: Claim inventory + enforceability + waterfall

Readiness / legal-economic controls

Issuance gates

#	Gate / evidence	Current state	What it unlocks
1	Underlying mapping Working architecture identifies the base underlying and its perimeter	REFERENCE_READY	Allows registry reflection
2	Valuation basis Approx. 5.3T RUB reference architecture; not an appraisal or audit	REFERENCE_ONLY	Required before regulated issuance
3	Legal qualification Specific qualification must be determined for each experimental / CFA issuance	PENDING	Unlocks legal rights and circulation rules
4	Custody / title evidence Current object records lineage and reference; no title transfer	REGISTRY_ONLY	Unlocks custody-grade representation
5	Transfer controls Experimental object is non-transferable	LOCKED	Unlocks controlled circulation only after legal gate
6	Settlement rail No payment obligation or settlement attached	DISABLED	Unlocks VEP / bank / CBDC adapter later
7	CFA wrapper Future regulated club issuance contemplated by architecture	NOT_STARTED	Moves qualified rights into regulated instrument

Valuation semantics

Reference value ≠ issue proceeds

Reference value₽5.300T

NatureWorking economic-underlying reference

AppraisalNot represented as independent appraisal

AuditNot represented as audited valuation

Issue proceedsNone

Coverage100% registry-reference mapping

Waterfall design

Future economic waterfall

L0Underlying / preservation

L1Management rights / AUM

L2Payment claims / receivables

L3SAVE / FLEX / CAPACITY effects

L4Regulated wrapper where admissible

L5Profit / cascade effects separately capitalized

Persistent causal history

Case event trail

2026-08-26 04:11:33PBS_I18N_DEEP_PASSD20826X5P#i18n-full-0826

2026-08-26 03:58:56PBS_TRILINGUAL_UI_PUBLISHEDD20826X5P#668281ef-60b5-46

2026-08-26 03:37:29PROTOCOL_PUBLISHEDD20826X5P#proto31hm

2026-08-25 20:46:40CASE_MODEL_EXPANDEDD20826X5P#d20826x5p2a0b1c

2026-08-25 20:41:30RWA_GENESIS_ISSUEDRWA-BASE-X5P-0001#788942d2521413c7