{
  "tool_id": "art-322-rhc-ap-redemption-stress",
  "kernel_id": "art-322-rhc-ap-redemption-stress",
  "display_name": "AP Concentration + Redemption-Path Stress",
  "tool_version": "1.0.0",
  "mandate_type": "collateral_mandate",
  "purpose": "Stress-tests the one-token-equals-one-share economic-exposure claim for Robinhood Chain stock tokens against actual redemption reachability. BBVI is the sole Authorised Participant at issuance; only Authorised Participants may subscribe or redeem directly from Robinhood Assets (Jersey) Limited after KYB, everyone else is secondary-market-only. Enumerates AP concentration, premium/discount exposure if the sole AP stops market-making, and issuer-credit exposure distinct from the underlying equity. Verify-only; never recommends a position. Zero network, zero PII.",
  "control_description": "Stress-tests the one-token-equals-one-share economic-exposure claim for Robinhood Chain stock tokens against actual redemption reachability. BBVI is the sole Authorised Participant at issuance; only Authorised Participants may subscribe or redeem directly from Robinhood Assets (Jersey) Limited after KYB, everyone else is secondary-market-only. Enumerates AP concentration, premium/discount exposure if the sole AP stops market-making, and issuer-credit exposure distinct from the underlying equity. Verify-only; never recommends a position. Zero network, zero PII.",
  "declared_inputs": [],
  "declared_outputs": [],
  "kernel_digest": "sha256:043b1b5c17986181cd446d5ffa5594209cc4cf4e29416c72e3a47a436160ea2d",
  "trust_label": "independently verified -- zkVM execution proof (risc0/groth16-bn254)",
  "data_vintage": "2026-07-16",
  "last_validated": "2026-07-16",
  "conformance_fixtures_vendored": true,
  "compute_proof_ready": "ready",
  "wave": 56,
  "source_url": "https://ainumbers.co/chaingraph/art-322-rhc-ap-redemption-stress.html",
  "generated_at": "2026-07-25T20:02:55.601Z"
}