For platforms

Every listing you carry is a claim you underwrite.

A trader's rank, a PM candidate's history, a strategy's tearsheet — your users read all of it as something you stand behind, because you are the one displaying it. So the risk of every unverifiable record on your platform sits with your brand, and the only tools available for managing it are your own attestations. You vouch, therefore you carry it.

MIZAN removes that position. Records become portable, cryptographically verifiable credentials checked against an open standard — not against your servers, and not against ours. Your users verify them offline, trusting neither of us. When a listing disappoints, the standard answered, not your brand.

Prop & funded-trader firmsMulti-strategy desks screening external PMs Strategy marketplacesCopy & social trading BrokersTAMPs & model marketplaces Data & tooling vendorsFund administrators
77
Credentials live on
the public wall
$0
To verify or display —
forever, at any scale
~81 ms
Offline check on your
users' own machines
225 KB
One credential ·
no runtime dependency
§ 01The position you are in today

Two problems, and they are the same problem.

A record earned inside your walls means nothing outside them.Your best users are locked in by friction, not by value
Your top trader's two-year verified history is an entry in your database. It cannot be shown to an allocator, taken to a job, or used as collateral for anything. That is not a moat — it is a reason your best users resent you, and it caps what your platform can ever be worth to them.
Anyone arriving from outside starts at zero.You cannot import trust you did not manufacture
A quant with five honest years elsewhere joins your platform with nothing, and spends a year rebuilding a record you already have no way to check. Your supply side is throttled by an accounting problem, not by a shortage of talent.
And the screening moment nobody has an instrument for.The one an allocator described to us in writing
If you evaluate external PM candidates, you see hundreds a year and decide from material each candidate chose to send — and they will not hand over models. That is the exact shape of the problem this exists for: examine the record, prove the honesty, reveal nothing. The allocator's own account of it →
All three are the same missing object: a record that is checkable by a stranger and owned by its holder. Build that yourself and you own a trust problem forever. Adopt an open standard and it stops being yours.
§ 02Why a rival can adopt this too — and why that is the point

We run no venue and hold no capital.

A marketplace will never adopt a standard owned by a competing marketplace. That is why every attempt to make verification a feature has stayed inside one company's walls and stayed worthless outside them.

MIZAN can never take your customers. We do not list strategies, do not allocate, do not custody, do not execute, and never rate people. The specification is CC BY — you may implement it without asking us, including if you compete with us. The reference verifier is source-available. The registry API is public and free. Neutrality here is not a moral position; it is the reason adopting us is safe.

Free forever
Verifying and displaying
Checking a credential and showing a "VTR-1 verified" state costs nothing, at any volume, for any platform — including one competing with our own tooling. There is no per-check fee and never will be.
Licensed
Issuance at volume
When your users mint credentials through our prover at scale, issuance is licensed. You monetise listings; we monetise examinations. Neither of us is in the other's business.
Governed
Conformance, both ways
You may not describe a credential as meeting a Level it does not meet — that single rule is what makes Levels mean anything. Equally, era law binds us: engines are superseded, never revoked, so a credential you displayed in 2026 still verifies in 2036.
§ 03The bigger move

Or run the marketplace itself — on the shared standard.

If you have already assembled a community of quants or allocators, you have the hard half of a marketplace. What you lack is the layer that makes listings believable to someone who does not know you. You can launch a verified venue of your own on this standard: credential issuance, the gate, the chain, and verified listings — while you own the community, the relationship and the business.

One registry, many storefronts. Every venue reads from and writes to the same append-only wall. A quant verified on a marketplace in São Paulo is visible on one in Singapore, and their credential travels with them. Each operator makes the network more valuable to every other operator — which is exactly why a siloed, self-issued "verified" badge has never been worth anything to anyone.

Open a full book-level credential → — what a listing on your venue would carry.

Economics are aligned to outcomes rather than to listings: a share of the performance fee earned on capital routed against a credential, above a high-water mark, only when the credential delivered the result. We never hold the money and never pick the manager.

The marketplace capability is a contemplated feature and may require licensing in relevant jurisdictions; it will not be offered until authorised. Money always moves through the operator's own licensed rails, never through ours.

§ 04What integration actually looks like

A weekend for the check. A quarter for the flywheel.

StepWhat it isEffort
DisplayShow a "VTR-1 verified" state on listings that carry a credential; users click through to a public credential page.Hours
VerifyRe-check credentials client-side or against the free public registry API — trusting neither us nor your own backend.A weekend
BridgeExport your users' strategies to the submission spec, or emit committed position streams for the sealed path where the model never leaves its author's machine.Weeks
RequireMake a credential a condition of listing. This is where the flywheel starts: every member mints, the wall grows, and your listings become the checkable ones in your category.A decision, not a build

Engineering documentation, conformance vectors, the reference verifier and the registry API are public and need no conversation with us: build on the standard → · conformance detail → · reproduce a credential in ~200 lines →

§ 05Stated plainly

What this does not do for you.

It does not predict which of your listings will perform, does not assess capacity, crowding, or a provider's ability to manage size, and does not detect fraud that lives outside the strategy. It is not a licence, an endorsement, or a substitute for your own compliance obligations — those remain entirely yours. It removes one category of doubt completely and leaves every other category exactly where it was. Any vendor telling you their badge does more than that is selling you the thing this standard exists to refuse.
§ 06The first step

Put one verified listing in front of your own users.

Not a partnership, not a term sheet — one listing, one credential, one measurable difference in how your users treat it. We will run the first credential for you and help wire the display. If your users do not behave differently, you have lost an afternoon and we have learned something worth more than a logo on a slide.

ENGINE v11 · 3ac3b10b… ● LIVE REGISTRY 77 CREDENTIALS · APPEND-ONLY VERIFY ~81 MS · OFFLINE · TRUSTING NO ONE ANCHOR BITCOIN #962,013 SPEC VTR-1 · FROZEN · CC BY ROOT 88298a2e…c6825a · MERKLE-COMMITTED