Treasury.

Issuance, redemption, allocation policy and the series ledger of the julio.

INAES orbit · the julio

3,412,000 Jissued

71,950 Jredeemed

4 / 0active / retired series

288,000 Jheadroom to cap

What the treasury does

The monetary operation behind the currency — issuance, redemption, and the series ledger.

Issuance

Each series anchors its Merkle root on-chain alongside the inventory that enables it.

Redemption

Every julio is redeemable for grid energy at face value, always.

Series ledger

Issued roots and the daily signed snapshot of the redeemed set.

Operating — treasury view is part of the Cash system.

Treasury is the back-office of the currency directorate. It shares data with Cash and Reserve.

Three directorates — currency, capital markets, and the funding window.