{
  "ok": true,
  "schema": "sterling_sovereign_rail_token_model_v1",
  "updated_at": "2026-05-20T09:45:00Z",
  "scope": "RUNTIME_FIRST_MODEL_FOR_ALL_STERLING_TOKENS",
  "doctrine": "An external Solana mint or CPMM pool can make a token visible, but it does not make the token a SterlingChain sovereign rail by itself.",
  "truth_source": "SterlingChain L3 Ledger",
  "external_visibility": "Solana L1",
  "no_new_mint": true,
  "no_new_pool_created": true,
  "no_vault_funding_performed": true,
  "external_pool_alone_is_not_enough": true,
  "sovereign_rail_requires": [
    "native_asset_record",
    "sterlingchain_ledger_binding",
    "governance_policy",
    "reserve_or_value_policy",
    "internal_pool_or_rfq_route",
    "receipt_model",
    "paymaster_accounting_policy",
    "wrapper_registry_if_external",
    "external_cpmm_only_for_visibility",
    "indexer_interpretation"
  ],
  "solid_model": [
    "native_sterlingchain_asset",
    "sterlingchain_ledger_truth",
    "governance_value_reserve_policy",
    "internal_pool_or_rfq_route",
    "receipts_and_accounting_proofs",
    "paymaster_accounting_if_gas_is_abstracted",
    "optional_wrapper_or_mirror_on_solana",
    "optional_cpmm_external_pool_for_visibility_and_price_discovery"
  ],
  "required_interpretation": {
    "native_asset_is_economic_identity": true,
    "sterlingchain_ledger_is_truth_source": true,
    "receipts_prove_accounting_funding_settlement_and_policy": true,
    "internal_pool_or_rfq_proves_sovereign_route": true,
    "external_wrappers_are_visibility_mirrors": true,
    "external_cpmm_pools_are_visibility_and_price_discovery": true,
    "paymaster_reduces_gas_friction_but_does_not_create_liquidity": true
  },
  "rail_status_rules": [
    {
      "status": "EXTERNAL_REPRESENTATION_ONLY",
      "condition": "token_has_solana_mint_but_no_sterlingchain_ledger_binding",
      "sovereign_rail": false
    },
    {
      "status": "VISIBLE_NOT_FULLY_SOVEREIGN",
      "condition": "token_has_external_cpmm_pool_but_no_internal_pool_or_rfq_receipts",
      "sovereign_rail": false
    },
    {
      "status": "STERLINGCHAIN_SOVEREIGN_RAIL_CANDIDATE",
      "condition": "token_has_sterlingchain_ledger_binding_policy_receipts_and_internal_route",
      "sovereign_rail": true
    },
    {
      "status": "STERLINGCHAIN_SOVEREIGN_RAIL_PUBLIC_READY",
      "condition": "candidate_plus_wrapper_registry_external_visibility_and_indexer_interpretation",
      "sovereign_rail": true
    }
  ],
  "assets": [
    {
      "symbol": "STRL",
      "native_chain": "SterlingChain",
      "native_address": "native:STRL",
      "current_role": "native_currency_and_internal_gas",
      "required_for_sovereign_rail": [
        "native_ledger_issuance_receipt",
        "governance_policy",
        "internal_pool_or_rfq_route",
        "receipt_model",
        "wSTRL_wrapper_registry_for_external_visibility"
      ],
      "external_wrapper": {
        "symbol": "wSTRL",
        "chain": "Solana",
        "mint": "9kugBqSVwBWdASa6rdRWAcgNvkHLreuy6EnEEHumonNh",
        "status": "DEPLOYED"
      }
    },
    {
      "symbol": "SJBCUSD",
      "native_chain": "SterlingChain",
      "native_address": "native:SJBCUSD",
      "external_mint": "EsNo61QodqHCRjkTGJDeqyK7N4Hunip5PaTYbpPZEsG2",
      "current_role": "internal_usd_valuation_rail",
      "required_for_sovereign_rail": [
        "reserve_receipts",
        "vault_funding_receipts",
        "internal_pool_or_rfq_route",
        "paymaster_fee_receipts",
        "governor_policy",
        "no_false_fiat_guarantee"
      ],
      "future_wrapper": {
        "symbol": "wSJBC",
        "chain": "Solana",
        "status": "PLANNED_NOT_DEPLOYED"
      }
    },
    {
      "symbol": "STM",
      "native_chain": "SterlingChain",
      "native_address": "native:STM",
      "external_mint": "9kued2JXgVk5dzvtipsTdXfBMWihy1E55TwMiXchCoAb",
      "current_role": "sterling_market_asset",
      "required_for_sovereign_rail": [
        "ledger_binding",
        "internal_route_against_sjbcusd_or_strl",
        "pool_or_rfq_receipts",
        "wrapper_registry_if_mirrored",
        "indexer_classification"
      ],
      "future_wrapper": {
        "symbol": "wSTM",
        "chain": "Solana",
        "status": "PLANNED_NOT_DEPLOYED"
      }
    },
    {
      "symbol": "SJBC3",
      "native_chain": "SterlingChain",
      "native_address": "native:SJBC3",
      "external_mint": "FwCp9JvCxtC88rJNWJSZFcoSUDW8NuSzKKSwt7MPF9of",
      "current_role": "tracked_sterling_asset_identity",
      "required_for_sovereign_rail": [
        "ledger_binding",
        "governance_policy",
        "internal_pool_or_rfq_route",
        "receipt_model",
        "indexer_classification"
      ]
    }
  ],
  "public_wording": {
    "en": "A SterlingChain token becomes a sovereign rail only when its native ledger identity, internal route, receipts, policy, and optional external wrappers are all declared and verifiable. External Solana pools provide visibility, not the source of truth.",
    "fr": "Un token SterlingChain devient un rail souverain seulement lorsque son identité native ledger, sa route interne, ses receipts, sa policy et ses wrappers externes optionnels sont déclarés et vérifiables. Les pools Solana externes donnent la visibilité, pas la source de vérité."
  }
}