ProofPay Public Records and Reports Policy
Last Updated: July 16, 2025
Transparency is a core value at ProofPay. This Public Records and Reports Policy ensures users, partners, regulators, and the general public have access to accurate, timely, and trustworthy information about ProofPay’s operations, compliance, and digital currency issuance.
The policy is issued by AI Cloud Services Inc., a Delaware Corporation, through its ProofPay platform at www.proofpay.it.
1. Purpose of Public Records
- Demonstrate ProofPay’s financial soundness and token reserve backing
- Enhance market trust via auditable reporting
- Promote accountability in compliance, issuance, and operational practices
- Empower stakeholders with reliable transparency
2. Categories of Public Records
a. Audit Reports
Issued by independent audit firms, covering reserves, operational controls, and transaction validity. Released quarterly or semi-annually.
b. Treasury Reserve Reports
Detailed breakdown of assets backing issued Tensors/Tokens (e.g., cash, T-bills), reserve vs. issuance data, and third-party attestations. Updated monthly or during market events.
c. Compliance Disclosures
Summarize AML, KYC, licensing status, and audit outcomes. Updated semi-annually or following major regulatory events.
d. Market & Denomination Reports
Show current denominations, token volumes, supply stats, and usage trends. Released monthly and optionally via API.
3. Accessibility and Availability
- Reports are published at proofpay.it/public-records
- Formats: PDF summaries, JSON or CSV where applicable
- Archives: 5+ years of historical access; critical reports retained indefinitely
4. Governance and Certification
- Governed by Compliance and Treasury teams
- Audits performed by licensed third-party firms
- Standards include ISAE 3000, SOC 1/2, and local equivalents
- Methodologies disclosed to explain valuations and issuance logic
5. Update Cadence and Public Communication
| Report Type | Update Frequency | Communication Method |
|---|---|---|
| Audit Reports | Quarterly / Semi-Annual | Website, Email Notices (for key updates) |
| Treasury Reserve | Monthly | Website, Optional RSS/API Feeds |
| Compliance Disclosures | Semi-Annual or As Needed | Website, Regulatory Filings |
| Market & Denomination | Monthly | Website Dashboard, Open Statistics API |
Extraordinary events (e.g., reserve shifts or regulatory alerts) may trigger interim public disclosures.
6. Limitations and Exclusions
ProofPay may redact sensitive content to protect:
- Customer privacy
- Security-sensitive operations
- Proprietary risk methodologies
- Ongoing regulatory correspondence
Public reports do not constitute investment advice or financial guarantees.
7. Regulatory Compliance Alignment
- U.S. financial transparency laws
- EU MiCA and E-Money rules
- MAS Stablecoin Guidelines (Singapore)
- Global Digital Finance (GDF) disclosures
- Other regional compliance frameworks
8. Commitment to Transparency
We continuously evolve our reporting practices to align with:
- Stakeholder feedback
- Emerging regulations
- Product and currency expansions
9. Contact and Inquiries
For feedback or requests regarding public records:
info@proofpay.it (Subject: “Public Records Inquiry”)
AI Cloud Services Inc., 3349 Michelson Drive, Suite 200, Irvine, CA 92612, USA
10. Policy Review and Revision
This policy is reviewed annually and updated as needed. The current version is available at www.proofpay.it.
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