{"approval_ledger":"{\r\n  \"version\": \"touchstone.approval-ledger.v2\",\r\n  \"note\": \"Every control this project evaluates is here, and nothing else. Each entry names a candidate a model proposed from the issuer's own bytes and the compilation artifact it was accepted in; the control itself is read from that artifact, so this file can only point at a control, never restate one. Approval changes exactly two fields: approval_state and compilation_sha256. Declined entries are candidates that passed every deterministic gate and a human still did not approve \\u2014 recorded because a control set that silently omits them cannot be audited for why. As of version 2, every entry also carries the approver's EIP-712 signature over the exact proposal it decides, so the identity behind each decision is recoverable by anyone holding these bytes; the signatures were created 2026-08-19 and say so, because a signature dated to the decision it attests would be manufactured history.\",\r\n  \"approved\": [\r\n    {\r\n      \"control_id\": \"ustb-holdings-as-of-date-present\",\r\n      \"compilation_sha256\": \"fad12109e3ec919ec87d923ee628392f3b64c91269711b5626a5b8239843afc3\",\r\n      \"approved_on\": \"2026-08-18\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"fad12109e3ec919ec87d923ee628392f3b64c91269711b5626a5b8239843afc3\",\r\n        \"decision\": \"approved\",\r\n        \"control_digest\": \"e64ef76d0dc0ffeb35fd2f59862173ec9a418a07e831511a7c7b80520306beeb\",\r\n        \"reason_code\": \"operator-approved\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"ff6626e94e21a0e2c154a7263be457376972320aaf1fbc4a3f4e2e9116d1d7637873c7d38cdbcc144240aca086adf8c01d963682071865d13cb2efcc8c8818671c\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-nav-daily-freshness\",\r\n      \"compilation_sha256\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n      \"approved_on\": \"2026-08-18\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n        \"decision\": \"approved\",\r\n        \"control_digest\": \"2cca37761843b549087e85186efe6f17f6f360a112442d8225fe1127ffee3f8c\",\r\n        \"reason_code\": \"operator-approved\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"cb9bed6c33dbecc49a71c48ef4028ff37de48ea877045c8d71fd7013c0e5b99c5032d7c5dc8fc84814f0e8e6f42deadc2734491c3a6f85fe5688e62335a6c0d51b\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-nav-per-share-present\",\r\n      \"compilation_sha256\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n      \"approved_on\": \"2026-08-18\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n        \"decision\": \"approved\",\r\n        \"control_digest\": \"4b8bf0dfccba3fe20213a94c83bf61a65e2471022f828b884fd888fce5c939ff\",\r\n        \"reason_code\": \"operator-approved\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"2a79290985c3489a14ae659852323532188b0e7a59c08b05c16da1eb94c602b17ec5dcf9d298ff12a84a84f9097a2b99e887e52b5a6a22aef3bb07e66df107221b\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-yield-as-of-date-fresh\",\r\n      \"compilation_sha256\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n      \"approved_on\": \"2026-08-18\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n        \"decision\": \"approved\",\r\n        \"control_digest\": \"5184eb0d6b487a156ffc46d77bfc3deb3a6af5dbffc3e8c2c94addd122d1a9ac\",\r\n        \"reason_code\": \"operator-approved\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"c46f23d471461014278e37923b14377372bfddf1707e4f9098bcb7435a393f9217348d62caca58d00b3d1fc8804b008077f79d8fdf2e28d190f2c73be8d90c6a1c\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-yield-one-day-present\",\r\n      \"compilation_sha256\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n      \"approved_on\": \"2026-08-18\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n        \"decision\": \"approved\",\r\n        \"control_digest\": \"02ec4f3c059ae5ad4ccea1cbe1cc8fd65b14643be9d79bb4d10e9a0a31ead68a\",\r\n        \"reason_code\": \"operator-approved\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"3ac50d63308283426c7c5c2d4494495329d1c5dfa1d392d1621151ad433f59bd3a5a4a34427df0f74aa0d647ee96ae2d76007b29c470692a2b18d9643eeb8cd41b\"\r\n      }\r\n    }\r\n  ],\r\n  \"declined\": [\r\n    {\r\n      \"control_id\": \"ustb-holdings-recently-published\",\r\n      \"compilation_sha256\": \"fad12109e3ec919ec87d923ee628392f3b64c91269711b5626a5b8239843afc3\",\r\n      \"declined_on\": \"2026-08-18\",\r\n      \"reason\": \"Redundant with ustb-holdings-as-of-date-present: both read the same as_of_date, and a 40-calendar-day window on a monthly holdings file adds no claim the presence control does not already make.\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"fad12109e3ec919ec87d923ee628392f3b64c91269711b5626a5b8239843afc3\",\r\n        \"decision\": \"declined\",\r\n        \"control_digest\": \"2bb8205f529c0ff21ce9d702e32078b29b488b5f59bdd6e3f5891c4380334afa\",\r\n        \"reason_code\": \"operator-declined\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"d7e575f19b8f2e89cbf4c43088adfc8fa635647b5428ae3acce3b3cddf577f7d44dd70411b8cdbe57916556d10e49c33fb2b3363bfe21e1d1e542453f5eb0c621c\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-outstanding-shares-present\",\r\n      \"compilation_sha256\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n      \"declined_on\": \"2026-08-18\",\r\n      \"reason\": \"Compiler confidence is 0.80 against a gate of < 0.80, so it clears by zero margin. That is not a deterministic invalidity and the candidate is well formed, but zero margin is not the evidence quality a first approved set should rest on when ustb-nav-per-share-present already covers the NAV value claim.\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\",\r\n        \"decision\": \"declined\",\r\n        \"control_digest\": \"2943448d5c2421808a28efe832a09b21c494ca7a5ae8ca6ac34de461b70645f1\",\r\n        \"reason_code\": \"operator-declined\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"e8b2023c551111b9a0f3ec0ac3f1651d4e545277e21e7c27af01c7b09d6f1aac657986e0953511be408784343d1b26829f613325d044493fc2a38aefb2b1d89a1b\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-yield-as-of-date-present\",\r\n      \"compilation_sha256\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n      \"declined_on\": \"2026-08-18\",\r\n      \"reason\": \"Redundant with ustb-yield-as-of-date-fresh, which reads the same field and also checks it against the source's declared two-business-day policy.\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n        \"decision\": \"declined\",\r\n        \"control_digest\": \"5510cadfdcdc7f44331207b1a9e125d38836d6de5fed311af822b5c34fd87d3b\",\r\n        \"reason_code\": \"operator-declined\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"5145c4c32a414694e967e22d4042a510124506efa0f76e08be58c584e0cce9bf07ffd565b47cf86af469436a26b42232a3e2291aa2fa76b5623560d8be2c05101b\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-yield-seven-day-present\",\r\n      \"compilation_sha256\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n      \"declined_on\": \"2026-08-18\",\r\n      \"reason\": \"Valid, but a third presence check on the same yield document is additional scalar coverage rather than breadth. ustb-yield-one-day-present is the representative field; approving all three would present duplication as product scope.\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n        \"decision\": \"declined\",\r\n        \"control_digest\": \"3e603bbbb5b6483bab47b8b985f4901cca31e156458661699c4a12fedbc0b759\",\r\n        \"reason_code\": \"operator-declined\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"cee52a63685b08d114bf6ad6d55fc8da374ed41f9ed6030eb99ef3951beeddf4227eb09adeb5fbe492800073ba4c0a3adc23001368ceaf3e3b268cfbce39a4841b\"\r\n      }\r\n    },\r\n    {\r\n      \"control_id\": \"ustb-yield-thirty-day-present\",\r\n      \"compilation_sha256\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n      \"declined_on\": \"2026-08-18\",\r\n      \"reason\": \"Valid, but a third presence check on the same yield document is additional scalar coverage rather than breadth. ustb-yield-one-day-present is the representative field; approving all three would present duplication as product scope.\",\r\n      \"approval\": {\r\n        \"compilation_digest\": \"669c276109b9b6e07b7e6674e5f0ee4fa45d79b7987656c28c3919a2f13eaea6\",\r\n        \"decision\": \"declined\",\r\n        \"control_digest\": \"f55dfa5d422f4b22f21f1587dac1be305edf6bfd7b19e16290f18eac7dd98337\",\r\n        \"reason_code\": \"operator-declined\",\r\n        \"timestamp\": 1787163880,\r\n        \"version\": 2,\r\n        \"approver\": \"0x537873b087654395CB0A487B50d0bFBe15fA16Bc\",\r\n        \"scope\": \"global\",\r\n        \"policy_id\": \"\",\r\n        \"signature\": \"637335b5dfa1dfe335983598d2aba53221fe420ef32dbd8a287f58bd7abc48ac2aa9a73d020dcd2fbdc65bdd02dc4c89e3e85645ea1a2f69bb22324f547363b61b\"\r\n      }\r\n    }\r\n  ]\r\n}\r\n","compilations":{"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba":"{\"outcomes\":[{\"control\":{\"approval_state\":\"proposed\",\"asset_key\":\"eip155:1:0x43415eb6ff9db7e26a15b704e7a3edce97d31c4e\",\"cadence\":\"business-daily\",\"comparison_operator\":\"fresh_within\",\"compilation_sha256\":null,\"compiler_confidence\":0.82,\"control_id\":\"ustb-nav-daily-freshness\",\"control_version\":1,\"effective_from\":\"2026-08-17\",\"effective_until\":null,\"evidence_span\":\"\\\"net_asset_value_date\\\":\\\"08/17/2026\\\"\",\"expected_value\":{\"business_days\":0},\"grace_period\":0,\"observation_adapter\":\"ustb-nav-daily\",\"predicate_type\":\"observation\",\"source_authority_class\":\"issuer-api\",\"source_id\":\"superstate-ustb-nav-daily\",\"subject\":\"Most recent Superstate USTB daily NAV row is dated no older than the issuer's business-daily publication 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It deliberately asks for more than disclosure freshness, and will refuse when freshness alone would pass.\",\r\n  \"controls\": [\r\n    \"ustb-nav-daily-freshness\",\r\n    \"ustb-nav-per-share-present\"\r\n  ]\r\n}\r\n","published_key":{"algorithm":"Ed25519","kid":"ed25519:394ee022b83de4783cd49f60cc4842b48d108f6a339b73272739490cb9a581fd","public_key":"0959d043538a483024722ced848e52ae5dcaf56661e598dc850a9541028b9dba","version":1},"registry_v2_attestation":{"approval_digest":"4f2c7dd5ea0cd09c3b0e9d51445873c65b882a1b3b3265c15979b598dab91dd1","asset_key":"3cd89b1b73d40adc47c25a1fbf2123dcf6839c92a446275db8f9268a146b62b8","chain_id":196,"control_set_root":"cab088bec7358c52447b3f21fdb384b7d80e098d777b059dee36845fca4e5f19","correction_of":0,"epoch_key":"4895dd7fd724a4c0370631c1c965b5a6380e66e92caa12df06ac1d767975d908","evidence_root":"f4d9af8cc8a27b196e08587aee54eff63009e2543e4d017aebf50651d2f7e54f","observed_at":1787281286,"parent_digest":"229d78e9a789ba0c834e7e9c9e421b1d280e7d1cc243925002f305636c2529c0","policy_id":"9fa492c7df6ade4f220a10b5d10da3f158343077b44df7b1939ba83b14ac7949","policy_root":"25dcda427509b1fe77f7ffeed2f7d74a83c76f2bc9bd6d8735aeadec8b50ebd2","publisher":"0x86A100BDdF8754c95fec97BeC96dBFd64Be44710","report_digest":"f3d0a8cb9b412a720d2102de3314722986854db3117537b62203f3171214ec56","report_uri":"https://touchstone.gudman.xyz/data/eip155-196-ustb-2026-08-21-3-policy-nav-settlement-1.json","sequence":3,"signature":"e9222240d8c1274d6f61c3d3afcb8335cd1338378ca5b180bdbcadf234a29efb0947d48f3a6b5e13d88840337aa63099cb49764dc47dc60470abbcefb8a155e71c","status":0,"valid_until":1787529599,"verifying_contract":"0x0dAb4A5B7dd24434Ab6564734E26d3d76985352C"},"report_canonical":"{\"approval_ledger_sha256\":\"4f2c7dd5ea0cd09c3b0e9d51445873c65b882a1b3b3265c15979b598dab91dd1\",\"asset_key\":\"eip155:1:0x43415eb6ff9db7e26a15b704e7a3edce97d31c4e#policy:nav-settlement:1\",\"compiler_provenance_digests\":[\"db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba\"],\"control_set_root\":\"cab088bec7358c52447b3f21fdb384b7d80e098d777b059dee36845fca4e5f19\",\"controls\":[{\"content_hash\":\"dd208b93858f8d8ba55d88b957b6830a59148ff98b38e69a5cb7c844affccdcf\",\"control_id\":\"ustb-nav-daily-freshness\",\"evaluation\":{\"evidence_deadline\":\"2026-08-23\",\"observed_on\":\"2026-08-21\",\"observed_value\":\"2026-08-21\",\"result\":\"SATISFIED\"}},{\"content_hash\":\"aa4f407d270ff8b49a4e2a81e54ec68a3d2c6499eace474ea0f50c2af9380335\",\"control_id\":\"ustb-nav-per-share-present\",\"evaluation\":{\"evidence_deadline\":null,\"observed_on\":\"2026-08-18\",\"observed_value\":\"11.18316100\",\"result\":\"SATISFIED\"}}],\"correction_of\":null,\"epoch_id\":\"ustb-2026-08-21\",\"evidence_root\":\"f4d9af8cc8a27b196e08587aee54eff63009e2543e4d017aebf50651d2f7e54f\",\"limitations\":[\"Issuer APIs prove only what Superstate published at the observed endpoints; Touchstone does not independently audit the fund, its assets, or issuer accuracy.\",\"Holdings publication lags daily NAV and its 40-day freshness window is provisional.\",\"The newest nav-daily rows are provisional and are revised in place, so value controls observe only a row confirmed unchanged across two retained captures; a control's observed_on names the row its observed_value belongs to. Confirmation shows a row was not revised between those captures, not that it is final.\",\"This bundle carries evidence digests, not the artifacts themselves, so it cannot replay normalization or prove that a reported row occurs inside an artifact.\",\"This report does not verify an onchain NAV oracle or token supply.\"],\"observed_at\":\"2026-08-21T03:01:26.624074Z\",\"policy\":{\"control_ids\":[\"ustb-nav-daily-freshness\",\"ustb-nav-per-share-present\"],\"policy_digest\":\"25dcda427509b1fe77f7ffeed2f7d74a83c76f2bc9bd6d8735aeadec8b50ebd2\",\"policy_id\":\"nav-settlement\",\"policy_version\":1},\"publisher_kid\":\"ed25519:394ee022b83de4783cd49f60cc4842b48d108f6a339b73272739490cb9a581fd\",\"sequence\":3,\"state\":\"CONFIRMED\",\"state_transition\":{\"as_of\":\"2026-08-21\",\"event\":\"RECONFIRMED\",\"evidence_deadline\":\"2026-08-23\",\"previous_state\":\"STALE\"},\"valid_until\":\"2026-08-23T23:59:59Z\",\"version\":\"touchstone.observation-report.v5\"}","signed_report":{"algorithm":"Ed25519","kid":"ed25519:394ee022b83de4783cd49f60cc4842b48d108f6a339b73272739490cb9a581fd","report":{"approval_ledger_sha256":"4f2c7dd5ea0cd09c3b0e9d51445873c65b882a1b3b3265c15979b598dab91dd1","asset_key":"eip155:1:0x43415eb6ff9db7e26a15b704e7a3edce97d31c4e#policy:nav-settlement:1","compiler_provenance_digests":["db4eebc0e7a795eec7d835dfc4ccd939b87dd3a86d4c4e30a8b1c028bebb4bba"],"control_set_root":"cab088bec7358c52447b3f21fdb384b7d80e098d777b059dee36845fca4e5f19","controls":[{"content_hash":"dd208b93858f8d8ba55d88b957b6830a59148ff98b38e69a5cb7c844affccdcf","control_id":"ustb-nav-daily-freshness","evaluation":{"evidence_deadline":"2026-08-23","observed_on":"2026-08-21","observed_value":"2026-08-21","result":"SATISFIED"}},{"content_hash":"aa4f407d270ff8b49a4e2a81e54ec68a3d2c6499eace474ea0f50c2af9380335","control_id":"ustb-nav-per-share-present","evaluation":{"evidence_deadline":null,"observed_on":"2026-08-18","observed_value":"11.18316100","result":"SATISFIED"}}],"correction_of":null,"epoch_id":"ustb-2026-08-21","evidence_root":"f4d9af8cc8a27b196e08587aee54eff63009e2543e4d017aebf50651d2f7e54f","limitations":["Issuer APIs prove only what Superstate published at the observed endpoints; Touchstone does not independently audit the fund, its assets, or issuer accuracy.","Holdings publication lags daily NAV and its 40-day freshness window is provisional.","The newest nav-daily rows are provisional and are revised in place, so value controls observe only a row confirmed unchanged across two retained captures; a control's observed_on names the row its observed_value belongs to. Confirmation shows a row was not revised between those captures, not that it is final.","This bundle carries evidence digests, not the artifacts themselves, so it cannot replay normalization or prove that a reported row occurs inside an artifact.","This report does not verify an onchain NAV oracle or token supply."],"observed_at":"2026-08-21T03:01:26.624074Z","policy":{"control_ids":["ustb-nav-daily-freshness","ustb-nav-per-share-present"],"policy_digest":"25dcda427509b1fe77f7ffeed2f7d74a83c76f2bc9bd6d8735aeadec8b50ebd2","policy_id":"nav-settlement","policy_version":1},"publisher_kid":"ed25519:394ee022b83de4783cd49f60cc4842b48d108f6a339b73272739490cb9a581fd","sequence":3,"state":"CONFIRMED","state_transition":{"as_of":"2026-08-21","event":"RECONFIRMED","evidence_deadline":"2026-08-23","previous_state":"STALE"},"valid_until":"2026-08-23T23:59:59Z","version":"touchstone.observation-report.v5"},"signature":"88abdb351bf60b516a3dfc14e830a4001d3ea9b1034df9ce306a90672a57388eceb7fc30d5f1f9a43ee96bb9cf7001cbfdf55a260c10c2bf8051b8e6aa98a901","version":1},"version":"touchstone.verification-bundle.registry-v2.v1"}