Operating Architecture
Four entities. Defined roles. No entity crosses into another's domain.
Aurum's operating architecture separates technology, asset origination, client relationship, and asset ownership into four distinct entities — each with clearly defined roles and responsibilities.
Protocol Layer
L3RS Foundation
The L3RS Foundation is an independent, vendor-neutral governing body for the L3RS-1 protocol standard. It does not operate a platform. It does not custody assets. It does not manage client relationships. Its sole function is to govern the open protocol specification — including conformance certification, formal verification, and the institutional ratification pathway through which regulated entities (including central banks) can adopt the standard.
Role: Protocol governance · Conformance certification · Institutional ratification
Infrastructure Layer
T3RRA Ltd
T3RRA is the global commercial real estate tokenisation platform that implements L3RS-1 in production. It originates, structures, and tokenises real-world assets across multiple geographies and regulatory environments. T3RRA does not manage client relationships. It does not provide tax advice. It does not offer wealth management services. Its function is to provide institutional-grade tokenised instruments that Aurum distributes to qualifying clients.
Role: Asset tokenisation · SPV structuring · Compliance infrastructure · MPC custody
Client Layer
Aurum Capital Partners LLC
Aurum is the client-facing wealth management platform. It manages the end-to-end client relationship — from residency structuring through banking introduction, asset allocation, and ongoing reporting. Aurum does not custody client assets. It does not issue tokens. It does not govern the protocol. Its function is to provide qualifying HNWI clients with access to Georgian tax residency, institutional banking, and real asset allocation through a single advisory relationship.
Role: Client advisory · Residency structuring · Banking introduction · Asset allocation · Reporting
Ownership Layer
Client SPV
Each client's assets are held within a Georgian-domiciled Special Purpose Vehicle (SPV) — a legally independent entity that owns the underlying assets on behalf of the client. The SPV is isolated from Aurum's balance sheet, T3RRA's operations, and other client positions. Client assets cannot be commingled with Aurum capital. If Aurum ceased operations, the SPV and its assets would remain intact.
Role: Asset ownership · Balance sheet isolation · Georgian tax position · Independent legal entity
Client Money Flow
- 1Client transfers fiat to their own Georgian bank account (TBC Bank or Bank of Georgia) — not to Aurum.
- 2Client instructs their bank to transfer to the SPV's account for asset acquisition.
- 3SPV acquires the asset (property, bond, deposit, tokenised position) — registered in the SPV's name.
- 4Yield flows back to the SPV, then to the client's personal Georgian bank account — with full Georgian tax exemption.
At no point does client capital pass through Aurum's accounts. Aurum earns fees — not custody.
Governance Structure
No single party has unilateral control over client assets, reporting, or platform decisions. Technology, legal, asset, custody, and reporting oversight are distributed across independent parties.
Technology oversight: The L3RS-1 protocol is governed by the L3RS Foundation — an independent body. Its invariants are formally specified and publicly available. Any qualified party can audit conformance.
Legal oversight: International and Georgian legal counsel engaged on each transaction. Clients are expected to engage their own independent legal and tax counsel.
Asset oversight:Each SPV's underlying assets are subject to independent third-party valuation annually. Physical assets held with audited custodians. Digital assets under MPC custody with no single-party control.
Custody oversight: MPC key management requires minimum two of three geographically separated signers. Aurum is one signer. The client is one signer. A third independent party holds the third key. Aurum cannot move client assets without client co-signature.
Reporting oversight: All client structures designed to be fully disclosed under CRS. Annual SPV accounts prepared by qualified Georgian accountants.