Clavestra Georgia – Payment infrastructure the agentic information age…..

Clavestra Iveria. Federated digital custody, payments and foreign-exchange infrastructure, domiciled in Georgia.

Incorporation and VASP licensing in progress through 2026: Clavestra Iveria Finance LLC will be a Tbilisi-incorporated digital payments and FX federation building regulated, federated digital-asset infrastructure on Bitcoin and the Lightning Network for the agentic information age. Iveria is engineered to international AML/CFT, Travel Rule, and operational-resilience standards, and
will operate under the supervision of the National Bank of Georgia.

Why are we here?

Every great monetary era begins with an idea about trust.

We chose the name Iveria, the historic Greek and Latin name for the kingdoms of eastern Georgia, deliberately. It signals that our regulatory home, our operational base, and our institutional identity are anchored in this country. Not as a jurisdiction of convenience, but as the long-term locus of an
institution we intend to build for decades.

Georgia is becoming one of the few jurisdictions in the world where the next era of regulated digital finance can credibly take shape. It has a codified Virtual Asset Service Provider framework administered by a single principal regulator. It has a clear and stable tax position for financial services. It sits at the commercial intersection of Europe, the Caucasus, Central Asia, and the Middle East. And it has shown, through the National Bank’s substantive engagement with regulated digital-asset activity, that proportionate supervision and meaningful innovation are not in tension.

We are establishing Clavestra Iveria here because we believe Georgia is the right home for the regulated settlement layer of the agentic age.

What does Clavestra Iveria do?

Clavestra Iveria operates a Fedimint-based federated mint that provides regulated settlement and protocol-native distribution for digital-asset payments, holding Bitcoin, regulated stablecoins, and tokenised gold in custody on behalf of business operators and their authorised counterparties.
Our services comprise:

Custody. One-to-one reserve custody of Bitcoin, USDT, GELT (in the future), XAUT and EURC, held under threshold cryptography across an independent guardian set. We do not lend, rehypothecate, or earn yield on customer reserves. We hold the assets exactly as you placed them, and we prove it.
Payments. Agent-to-agent and merchant settlement at machine-speed and sub-cent cost over the Lightning Network and the federation’s own internal rails. Every transaction inside the federation is final, private, and instant.
Foreign exchange. An institutional-grade OTC and FX desk delivering conversion between Bitcoin, stablecoins, tokenised gold, and (subject to banking partnerships) Georgian Lari and major fiat currencies, on the same audited custody substrate.
Proof-of-Reserves. Cryptographic, continuous, and supervisor-verifiable. Our reserves are not asserted, they are attested, on a published cadence, with the same artefact visible to the National Bank and to the public.

The towers of Upper Svaneti are independent strongholds that, together, kept safe what no single fortress could. Iveria is custody on the same principle: distributed across a federation of guardians, secure precisely because no one of them holds the keys alone.

What makes Clavestra Iveria unique?

We have built financial infrastructure designed to be simultaneously compliant, auditable, and privacy-safeguarding by construction, not as a compromise between competing demands.

Three properties make this possible:

Federation, not single custodian. The well-documented failures of single-custodian digital-asset platforms, Mt. Gox, QuadrigaCX, FTX, Celsius, are no longer a list of anomalies but a structural pattern. A federation eliminates this failure mode by construction: no individual party, including Clavestra Iveria itself, can move client assets unilaterally. A pre-agreed threshold of independent, named, accountable guardian operators must co-sign every transaction. Custody is mathematical, not contractual.
Continuous Proof-of-Reserves. Our reserve and liability balances are cryptographically attested on a continuous published cadence, anchored to the Bitcoin base layer through OpenTimestamps, and written to a public transparency log. The National Bank of Georgia receives the same cryptographic artefact as the public. There is no bifurcated regulatory disclosure surface, and no dependence on our continued cooperation for the regulator to verify our solvency.
Privacy by default, lawful disclosure by design. Customer balances inside the federation are represented as Chaumian-style privacy-preserving bearer instruments, a cryptographic primitive first published by David Chaum in 1982. At the federation’s regulated boundary, full identity verification, AML screening, Travel Rule compliance, and supervisory disclosure apply. The privacy property is mathematical at the mint layer; the regulatory property is institutional at the boundary. The two are reconciled by the wallet-tier architecture described in our White Paper.

The result is an audit experience that does not exist in conventional digital-asset custody: a single transaction-level correlation identifier traces any operation across the business workflow layer, the cryptographic consensus layer (Fedimint), and the reserve attestation layer (Proof-of-Reserves). What is typically a multi-week forensic reconstruction against a traditional custodian becomes a ten-second supervisory query.

Why this matters: the agentic age meets digital and sound money

Two revolutions are converging.

The first is the rise of agentic commerce. A growing share of economic activity is no longer conducted between humans, but between software agents acting on behalf of human or institutional principals, autonomous logistics agents paying for routing services, procurement agents settling micro-invoices with content providers, research agents transacting with paywalled data sources. This is not a speculative market: the world’s largest payment networks, the largest AI laboratories, and the largest digital-asset infrastructure companies are building production infrastructure for it today.
The second is the emergence of Bitcoin as a credible global sound-money benchmark. After more than seventeen years of continuous operation, Bitcoin has settled, quietly, and against most expectations, into the role its founders proposed for it: a neutral, scarce, mathematically verifiable monetary base, increasingly held by sovereign treasuries, public corporations, and serious institutional investors as a long-duration store of value.

These two trends will converge. Autonomous economic agents, operating at machine-speed, across borders, around the clock, will require a settlement substrate that is fast, programmable, low-cost, neutral, and final. Legacy correspondent-banking rails are too slow, too expensive, and too jurisdiction-dependent. Existing crypto rails are mostly unregulated, and the major agentic-payment protocols, Coinbase’s x402, Stripe’s Agent Commerce Protocol, Visa’s Trusted Agent Protocol, Lightning’s L402, the Model Context Protocol now stewarded by the Linux Foundation, are converging on shared standards for settlement and discovery without yet having a settled answer to where the licensed institutional layer sits beneath them. The infrastructure gap is real, and it is being filled now, in a window of perhaps eighteen to thirty-six months, by whoever moves with discipline and credibility.

Clavestra Iveria proposes to fill that gap from Tbilisi, under Georgian regulatory authority. We support every major agentic-payment protocol within the licensed perimeter of a single Georgian VASP, with all settlement, all compliance, and all supervisory accountability remaining in Georgia.

This is the strategic case for Iveria: Georgia, properly positioned, can be one of the first internationally credible regulatory homes for the agentic-payment economy. We intend to be the Georgian-licensed reference institution for this activity.

What does Clavestra Iveria offer Georgia?

We are not seeking a passive licence. We intend to build a long-term
institution headquartered in Tbilisi. Concretely, this means:

An audited reference implementation of federated digital-asset custody and payment platform with cryptographic Proof-of-Reserves, suitable for adoption as a model architecture by other Georgian-licensed institutions.
A regulated Georgian point-of-presence inside the most active corridor of Bitcoin and Lightning commercial activity, Lightning Network, BTCPay Server, and the broader Bitcoin-native commerce ecosystem, with a Georgian-licensed entity at the centre.
An institutional FX and OTC desk for Georgian and regional counterparties, providing conversion between Bitcoin, stablecoins, and tokenised gold on a supervised custody substrate.
Tax and economic alignment with Georgia’s codified financial-services framework: operating revenues recognised under the existing 0% VAT exemption for financial operations, and corporate income tax following the Estonian-model retained-earnings regime.
Local hiring, local procurement, local compliance staffing, and long-term capital deployment in Georgia. We are committed to building Tbilisi-based engineering, compliance, and operations teams, supplied by the country’s substantial fintech and software talent pool.

The Clavestra Group

Clavestra Iveria Finance LLC is the Georgian operating subsidiary of Clavestra Capital Holdings Ltd (Malta, registered number C113811), the group parent under common ultimate beneficial ownership. Iveria sits as one of two operational federations alongside its sister federation Clavestra Orbital GmbH
(Lugano, Switzerland), which pursues custody licensing under the Swiss VQF SRO framework.

Iveria is incorporated, licensed, and operated independently of Clavestra Orbital. Both federations share founding shareholders and a common cryptographic substrate, but they are independent legal entities, independently licensed, with independent guardian sets, independent reserves, and independent regulatory perimeters. Clavestra Orbital cannot direct or compel Iveria operations.

The Clavestra Group also includes:

– Clavestra Labs LLC, Tbilisi, Georgia · the group’s engineering laboratorium and a guardian operator within the Iveria and Orbital federations (read more →)

– Clavestra Digital Malta Ltd, Malta · the group’s digital publishing and node-infrastructure operation, since 2017

– Clavestra Civitas GmbH, Liechtenstein · planned identity and attestation federation, target mid-2027, revenue-permitting

The full group structure is published on our parent corporate site.

OUR GEORGIAN ROADMAP

Milestone Target

Clavestra Iveria Finance LLC incorporation, Tbilisi Q3 2026
Federation Participant Agreement filed with NBG Q3 2026
(companion to VASP application)
NBG VASP registration application submitted Q3 2026
Iveria mint operational on Bitcoin testnet Q3 2026
(canary on Labs LLC node)
NBG VASP registration granted (target) Q1 2027
Iveria mainnet launch and first regulated counterparty onboarding Q1 2027
Iveria commercial payment surface live — broader merchant Q2 2027
and agent onboarding
Phase 2 guardian-set diversification — 12–24 months admission of external chartered guardians post-licence

We publish our progress honestly. Licences are not guaranteed on schedule; technology is not deployed before it is ready; capital is not committed before assumptions are validated.

Build from Bitcoin on Bitcoin

We have skin in the game. All profits from group business operations are reinvested into the group’s Bitcoin treasury. Our infrastructure development is self-funded. We are not beholden to venture capital timelines or token economics. We build what we believe in, at the pace the technology and
regulation demand.

Interested in Clavestra’s mission?

→ Request our NBG White Paper (full institutional, technical, regulatory,
and operational profile)
→ Read our Federation Participant Agreement (companion legal document filed
with the NBG)
→ Learn more about Clavestra Iveria Finance LLC (the licensed operating
entity)
→ Learn more about Clavestra Labs LLC (engineering and guardian operator)
→ Contact us

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Clavestra Iveria Finance LLC · Registered office: Tbilisi, Georgia · Operating
subsidiary of Clavestra Capital Holdings Ltd (Malta, C113811)

The NBG VASP registration application is in preparation; references to
licensed activity are conditional on NBG registration grant.