Treasury Proof Ledger (TPL) is a cryptographic transparency and accountability platform for organizations that hold Bitcoin on their balance sheet. It enables companies, funds, and institutions to provide verifiable, policy-controlled transparency over their Bitcoin treasury without exposing sensitive wallet structures, counterparties, or trading strategies.
TPL models a Bitcoin treasury as a multi-domain exposure system rather than a static set of wallets. It continuously tracks Bitcoin-equivalent exposures across custody, exchanges, lending, derivatives, and other on-chain or off-chain domains, enforcing a conservation rule that ensures all internal movements are cryptographically explainable.
Snapshots for asset existence and control.
Receipts that cryptographically log treasury movements between domains.
Creating an immutable, append-only audit trail.
Unlike traditional proof-of-reserves systems, TPL supports policy-based disclosure views. Different stakeholders—public investors, auditors, regulators, or internal risk teams—can receive tailored, verifiable reports derived from the same underlying ledger, with configurable materiality thresholds, reporting delays, and redactions. All published views are independently re-verifiable against Bitcoin anchors.
Designed for environments where transparency requirements are increasing, but naïve wallet disclosure is operationally unsafe or regulatorily incompatible.
Provides cryptographic evidence of holdings and movements, ensuring non-equivocation and forward integrity of disclosures.
A foundational software layer for Bitcoin treasury governance, bridging cryptographic assurance, institutional controls, and market transparency.
Beyond single organizations, families of TPL deployments can be used to support cross-institution Bitcoin exposure and supply-consistency checks, helping detect hidden rehypothecation or over-issuance relative to Bitcoin’s fixed supply.
TPL is compatible with regulated governance and accounting workflows, providing a bridge between the cryptographic world and traditional financial reporting.
We work with enterprise partners, institutions, and open-source communities to prototype the infrastructure for the next generation of value systems—designed first for autonomous services, built for the web, and capable of extending beyond Earth.