Settlement
TerraVault never touches the money. Here is the substrate that does the work in between.
Vendors keep their own payment gateway. TerraVault provides the substrate that sits between the buyer-vendor connection and that gateway — license verification, compliance classification, audit-anchor — without ever holding funds, custodying tokens, or acting as a money transmitter.
How the model works
- Vendor keeps their own gatewaymarketplace does not custody funds
- License verification, per-vendorchecked against live state registries
- Multi-rail compatibilitycannabis-industry rails and regulated stablecoin
- Audit-anchor, per-eventKnox chain, independently verifiable
TL;DR
TerraVault is the marketplace. Settlement happens on the vendor's own gateway. The substrate beneath the connection handles license verification, state-policy classification, and Knox audit-anchoring of every state-changing event. The substrate is built to interoperate with the established cannabis-industry payment rails and, where the vendor's policy selects it, regulated stablecoin paths. TerraVault never holds funds.
What the substrate does
Before a buyer can complete a connection to a vendor on the marketplace, the substrate resolves:
- Vendor license verification against the live state registry (per-jurisdiction; cannabis is a state-licensed product)
- State-policy classification of the transaction with citation to the controlling state regulation
- Audit-anchor of every approval, listing, and connection event to the Bonis Knox chain
- Vendor-side payment-gateway is whatever the vendor already operates — the substrate does not select it for them
The substrate runs today. The marketplace is live. Vendor license verification operates on California state-registry data today; additional state adapters ship per-jurisdiction as counsel review clears.
What the rail can be
Cannabis-industry payment rails are real but constrained — most traditional card networks decline the category, so vendors operate on a narrower set of cannabis-specialized processors and bank rails. TerraVault's substrate is rail-agnostic by design.
- Cannabis-industry rail
- Vendor uses their established processor or bank rail. The substrate provides the compliance decision; the vendor executes.
- Regulated-stablecoin rail
- Where the vendor's policy selects it, an audited 1:1-reserve stablecoin path. TerraVault does not mint, custody, or issue any token. Stablecoin-rail availability is gated behind vendor enablement and counsel review.
Vendor policy selects. Substrate provides the decision. TerraVault never touches the funds.
Capability Gate — explicit
- Live today
- Marketplace listings, vendor license verification, state- registry sweeps, Knox audit-anchor for every state-changing event. Substrate is operational on the public marketplace.
- Gated
- Regulated-stablecoin rail enablement for vendors who opt in, pending per-state counsel review on the no-MTL posture and regulatory clearance for the elected stablecoin path.
- Cannabis is Schedule I federally
- There is no federal cannabis-payment regime. State-by-state compliance is the operating reality; the substrate is built accordingly.
- No proprietary token
- Settlement is fiat or regulated stablecoin. Buyers and vendors are never required to hold cryptocurrency to use the marketplace.
What this is not
- TerraVault does not custody funds.
- TerraVault does not act as a money transmitter.
- TerraVault does not mint, issue, or offer any token.
- TerraVault does not select the vendor's payment gateway.
- TerraVault does not provide investment advice.
- TerraVault does not require buyers or vendors to hold cryptocurrency.