A constitutional, 100%+ reserved, gold-disciplined, Sharia-compliant settlement infrastructure for international trade.
One Currency. Every Trade.
Website: [https://mithqal.vercel.app/) · X: @MithqalMTQ ·
- 100%+ Reserves — every unit is fully backed
- No Discretionary Minting — supply is demand-driven (no token sale, ever)
- Gold Discipline — self-cleansing hard money mechanism
- Sharia Compliance — Sharia-compliance framework specified (Constitution §49); AAOIFI-certified scholars to be retained
- Anti-Platform — the Institution operates no commercial services
- Neutrality — no political, economic, or jurisdictional alignment
- Single Settlement Token (MTQ)
- Separate Yield Vehicle for institutional investors
- Physical Gold Redemption (1 kg minimum)
- ISO 20022 interoperability
- 10-minute soft finality, 7-day hard finality
- 9 Protocol Smart Contracts + 1 Safe Multi-Signature Treasury (Gnosis Safe) + 1 Deployment Wallet (EOA) = 11 on-chain addresses on Monad Testnet (Chain ID 10143). See
docs/contracts/CONTRACT_REGISTRY.mdfor the authoritative registry.
.
├── docs/
│ ├── blueprint/ # The complete v19.0 specification
│ │ ├── blueprint.txt # Full text (28,456 lines)
│ │ ├── v19-implementation-addendum.md
│ │ ├── executive-summary.md
│ │ └── one-pager.md
│ ├── contracts/
│ │ └── CONTRACT_REGISTRY.md # Authoritative smart contract registry
│ ├── evidence/
│ │ ├── EVIDENCE_CLASSIFICATION.md # 6-level evidence standard
│ │ ├── EVIDENCE_LEDGER.md # 42-entry evidence ledger
│ │ └── INSTITUTIONAL_READINESS_MATRIX.md # 10-dimension readiness
│ ├── verification/ # 15+ internal verification reports
│ └── whitepaper.md
├── src/
│ ├── contracts/ # Smart contract source (Solidity)
│ │ ├── core/MTQ.sol # The settlement token
│ │ ├── core/Mint.sol, Redeem.sol, Reserve.sol, Algorithm.sol
│ │ ├── governance/Governance.sol, Takaful.sol
│ │ └── oracle/Oracle.sol, MockOracle.sol
│ ├── app/ # Next.js 16 App Router (institutional web app)
│ │ ├── api/ # 33 API routes (formation-interest, transparency, testnet, admin, auth, ...)
│ │ ├── page.tsx # 7-view toggle
│ │ ├── layout.tsx # Metadata, fonts, SessionProvider
│ │ ├── sitemap.ts · robots.ts · not-found.tsx
│ ├── components/ # institution, transparency, constitution, testnet, deck, playbook, admin
│ ├── lib/ # auth.ts, db.ts, testnet-engine.ts, constitution-data.ts, monetary-engine-v19.ts
│ └── hooks/ # use-notify.ts (WebSocket), use-toast.ts
├── foundry/ # Solidity test suite (10 .t.sol files) + Certora CVL specs
├── mini-services/
│ └── notify-service/ # Real-time notification relay (socket.io, port 3003)
├── prisma/ # Database schema
└── README.md
The Next.js application exposes seven views — the public-facing institutional surfaces, the investor artifacts, and the operator's internal tooling:
| View | Audience | Purpose |
|---|---|---|
| Institution | Public | The credibility site + Formation Committee intake |
| Transparency | Public | Live state — verifiable operations, build in public |
| Constitution | Public | The citable v19.0 spec (47 articles across 5 layers) |
| Testnet | Technical investors | Live reserve simulator (mint/redeem/PoR/NAV) |
| Deck | First-meeting investors | 10-slide teaser → downloadable PDF |
| Playbook | Internal | The A-to-Z strategic execution plan |
| Admin | Operator (auth-gated) | Pipeline + live notifications + CSV export |
- 100%+ reserve mandate — reserves always equal or exceed supply
- No discretionary minting — MTQ is minted only on verified deposit
- No lending of reserves — held in custody, never rehypothecated
- No commingling — settlement reserves are segregated from all operational activity
- No redemption suspension — the right to redeem is absolute
The MITHQAL project distinguishes — at all times — between the current
operating entity, the planned commercial structure, and the target
constitutional architecture. The canonical source of truth is
docs/legal/institutional-principles.md;
the staged roadmap is in
docs/roadmap/organizational-roadmap.md.
Today MITHQAL is operated by JOZOUR LLC (New Jersey LLC, filed 22 Oct 2019, ID 0600463904; IRS EIN 84-3470275). JOZOUR LLC currently performs platform development, software engineering, APIs, website, infrastructure, AI platform, documentation, institutional outreach, compliance operations, mint/redemption operations (simulator/testnet only), and day-to-day operations.
JOZOUR LLC is NOT the Institution, the reserve owner, the reserve custodian, or the constitutional authority. It is simply the current operating company.
Founder → MITHQAL Holding Company (planned) → [Operations Ltd. (planned) | Markets Ltd. (planned)]
- MITHQAL Holding Company (planned) — strategic ownership, capital allocation, corporate governance.
- MITHQAL Operations Ltd. (planned) — technology infrastructure, API platform, settlement operations.
- MITHQAL Markets Ltd. (planned) — reserve procurement, best execution, custody coordination.
Operations Ltd. and Markets Ltd. are sister companies — never parent/child. None of these entities exist today; none have been incorporated; none hold reserves.
Commercial governance is independent from constitutional governance.
MITHQAL Constitution
↓
Independent Constitutional Foundation (planned)
↓
Approved Custodian Institutions
↓
Gold · Silver · Cash · Sukuk · Other Approved Reserve Assets
- The Foundation is planned. It exists to protect the Constitution. Its responsibilities are constitutional governance, constitutional oversight, standards, certification, and transparency. It never operates commercially, owns reserves, custodies reserves, owns companies, or performs operations.
- The Foundation is never connected underneath the Holding Company.
- Reserves are never connected underneath Operations or Markets.
- The Constitution governs the reserve framework, governance, custody principles, and institutional integrity. The commercial companies execute operations. The Constitution governs the Institution.
"Reserve assets are held in segregated custody under the Constitutional Reserve Framework through approved custodian institutions for the exclusive benefit of the MITHQAL reserve system. They are never operating assets and never corporate assets of JOZOUR LLC or any future operating entity."
"MITHQAL is currently operated by JOZOUR LLC during the institutional development phase. The constitutional architecture described throughout this documentation represents the intended institutional destination of the project. Planned entities do not yet exist and are not currently operating."
This repository uses evidence-based language. Every institutional claim is classified using the Evidence Classification Standard at one of six levels: PROVEN, SUPPORTED, PARTIALLY SUPPORTED, PENDING EXTERNAL VALIDATION, UNVERIFIED, or FALSE.
Key resources:
- Smart Contract Registry — authoritative enumeration of the 9 Protocol Smart Contracts + 1 Safe Multi-Sig Treasury + 1 Deployment Wallet (EOA) on Monad Testnet.
- Evidence Ledger — 42-entry ledger mapping every material institutional claim to its blueprint article, implementation files, tests, mathematical proof (if any), runtime evidence, status, source, date, and reviewer.
- Institutional Readiness Matrix — 10-dimension readiness summary (Technical, Mathematical, Security, Governance, Documentation, Operational, Legal, Regulatory, Commercial, Institutional) with status, evidence, owner, next milestone, and blocking items.
- Independent Evidence Audit — hostile evidence-based audit (E036 "10 contracts" claim now RESOLVED).
- Internally validated for testnet deployment.
- Pending external validation for mainnet.
- Mainnet is gated on: (1) Big-4 audit, (2) legal opinion, (3) Certora execution, (4) multi-custodian diversification, (5) Constitutional Council formation.
- No claim of third-party certification is made where none exists.
- Certora CVL specification completed; formal verification execution pending.
- Foundry test suite exists (10 test files); test execution requires
forgeinstallation in the audit environment.
| Layer | Technology |
|---|---|
| Framework | Next.js 16 (App Router) · TypeScript 5 |
| Styling | Tailwind CSS 4 · shadcn/ui (New York) · Lucide icons |
| Database | Prisma ORM · SQLite (Turso in production) |
| Auth | NextAuth.js v4 (credentials provider, JWT sessions, scrypt) |
| Real-time | WebSocket mini-service (socket.io, port 3003) |
| Contracts | Solidity (9 Protocol Smart Contracts: MTQ, Mint, Redeem, Reserve, Algorithm, Governance, Takaful, Oracle, MockOracle) |
| Formal verification | Certora Prover 8.18.0 (CVL spec complete; execution pending) + Foundry 1.7.1 + Slither 0.11.6 + Halmos 0.3.3 |
| Fonts | Fraunces (display) · Geist (sans) |
# Install dependencies
bun install
# Set up environment
cp .env.example .env
# Fill in NEXTAUTH_SECRET, NEXTAUTH_URL, ADMIN_EMAIL, ADMIN_PASSWORD_HASH
# Push the database schema
bun run db:push
# Start the app (port 3000)
bun run dev
# (Optional) Start the notification mini-service (port 3003)
cd mini-services/notify-service && bun install && bun run devThe app runs at http://localhost:3000.
This repository is governed by the same principles as the Institution:
- Prudence — caution over speculation
- Transparency — everything auditable, nothing hidden
- Neutrality — no political, economic, or jurisdictional preference
- Auditability — every claim verifiable
- Simplicity — complexity is a liability
- Read the full specification
- Review the executive summary
- Read the one-pager
- Review the Smart Contract Registry
- Review the Evidence Ledger and Institutional Readiness Matrix
- Submit a Formation Committee interest at mithqal.io
All rights reserved. The Mithqal Constitution and all source code are the intellectual property of the Institution. No part of this repository grants a license to mint, redeem, or represent MTQ. MTQ is minted exclusively by the Institution against verified reserves. See LICENSE.
The T-bill of crypto settlement — boring, neutral, over-collateralised.
MITHQAL has deployed an MTQ token on Solana Devnet for testing and integration.
| Parameter | Value |
|---|---|
| Mint Address | GAGRdrY6jcRTmD7A9KzvXA5sGMpNAkkRXwDoXBrEjxS4 |
| Symbol | MTQ |
| Decimals | 18 |
| Wallet | DbFjzWcD6kNmewadiG7ThjD7L4o3w3UhFhG31fPQhXb3 |
| Initial Balance | 18.44... (10 billion) |
| Network | Solana Devnet |
The token metadata has been submitted to the Solana Foundation token registry (PR #22). Once merged, MTQ will be discoverable in Solana wallets and explorers.