Governance & Independence
The PropTrust Association is established as an independent, non-profit Swiss Verein. Its sole mandate is the stewardship, evolution, and protection of the Prop Trust Verified Standard (PTVS), strictly separated from any commercial exploitation.
Formal Declaration of Independence
In accordance with Articles 60–79 of the Swiss Civil Code (ZGB), the PropTrust Association operates exclusively as a non-profit governance body. The Association does not engage in commercial auditing, software development, token issuance, or financial intermediation.
All intellectual property rights related to the PTVS standard are held by Aurema Group LLC (Delaware, USA). The Association governs the standard under an irrevocable, royalty-free licensing framework, while all commercial execution, licensing, and operational audit services are exclusively managed by Aurema Group LLC and its authorized commercial brands (e.g., Prop Trust Verified™).
This strict separation ensures that the PTVS standard remains neutral, vendor-agnostic, and aligned solely with the interests of institutional integrity and investor protection.
Who Governs What?
A transparent matrix defining the roles, ownership, and limitations of each entity within the PTVS ecosystem to prevent conflicts of interest.
| Entity | Ownership / Nature | Primary Function | Can Modify PTVS? | Commercial Activity |
|---|---|---|---|---|
| PropTrust Association | Swiss Non-Profit (Verein) | Global Governance, Standard Stewardship & Ethics | ✔ Yes (via Steering Committee) | ✘ Strictly Prohibited |
| Forensics Oracle Initiative | Independent Research Body | Scientific Research, Methodology & Regulatory Submissions | ✔ Proposes Changes | ✘ No |
| Aurema Group LLC | Commercial Holding (Delaware, USA) | IP Holder, Commercial Licensing & Infrastructure Development | ✘ No (Requires Association approval) | ✔ Yes (Licensing & Ops) |
| Prop Trust Verified™ | Commercial Brand (Aurema Group) | Field Audits, Verification Services & PTCE Network Operations | ✘ No | ✔ Yes (Audit Services) |
| PTVS Academy | Educational Entity | Training, Examination & Certification of PTCE Experts | ✘ No | ✔ Yes (Education) |
| Sovereign Syndicate | Capital Consortium | Institutional Investment & Deal Flow for Verified Assets | ✘ No | ✔ Yes (Capital) |
PTVS Standard Change Management Policy
To ensure the standard evolves democratically and technically, all updates (e.g., v1.0 to v1.1) must follow this mandatory institutional process:
Proposal
Submitted by Forensics Oracle Initiative, PTCE Network, or Industry Partners.
Technical & Legal Review
Rigorous assessment by the Technical Board and Legal Counsel for compliance and viability.
Public Consultation
30-day open comment period for all Association members and the public.
Steering Committee Vote
Final approval requires a 2/3 majority, including the Founding Chair’s veto right on core integrity principles.
Publication & Transition
Official release with a mandatory 6-month backward-compatibility transition period for all licensees.