Asset proof
UNAVAILABLE
No reserve wallets, no custodian statements, no Merkle tree of holdings, no attested balances.
Gap: Need independently retrievable asset list with amounts, venues, and as-of time. A screenshot of a wallet is not asset proof.
DR-POR-0.1 · PAPER
WALLET BALANCE ≠ PROOF OF RESERVE
A wallet balance can support asset proof only as one input. Completeness requires assets, liabilities, control, custody, encumbrances, valuation, and supply to reconcile. Publishing a wallet dump as 'proof of reserve' would be a false completeness claim.
RESEARCH · SIMULATION · NOT INVESTMENT PERFORMANCE · NOT INVESTABLE · £0 REAL CAPITAL · PAPER
COMPLETE=FALSE · LIVE=FALSE · ISSUED=FALSE · CAPITAL=£0 · WALLET_IS_COMPLETE=FALSE
Liability proof
UNAVAILABLE
DR supply is zero because DR is unissued. There is no holder register, no outstanding units, no AP queue.
Gap: Need total DR outstanding, pending creations/redemptions, fees payable, and derivative liabilities if any.
Ownership / control
UNAVAILABLE
No trust, no SPV, no security interest, no signed proof-of-control messages.
Gap: Need legal title path: who can move the coins, and whether holders are beneficiaries or unsecured creditors. COUNSEL REQUIRED.
Custody
FAIL
No custodian appointed. No sub-custodian. No qualified-custodian opinion.
Gap: Need licensed custody (or an honest self-custody disclosure that is probably incompatible with institutional DR).
Encumbrances
INSUFFICIENT_EVIDENCE
Nothing to encumber because nothing is held. That is not a clean bill — it is an empty set.
Gap: Need liens, loans, rehypothecation, staking locks, and pending settlements disclosed. Absence of assets ≠ absence of claims.
Valuation
UNAVAILABLE
No NAV. DDEI is not live. No pricing policy, no stale-price rule, no fair-value hierarchy.
Gap: Need a documented valuation policy and an as-of NAV that reconciles to assets minus liabilities.
Total DR supply
PASS
Unissued. Supply = 0. On-chain supply = 0. Issuer register = 0. That identity currently holds because nothing was minted.
Gap: When issued: on-chain supply must equal issuer register must equal units used in NAV. Breaks are material.
Blockers: assetProof, liabilityProof, ownershipControl, custody, encumbrances, valuation