zBank — Fiat and FX Conversion Add-On Charter

GUOSMM-C-2026-009 · 2026-07-06T18:00:00Z

---

guosmmDocumentId: GUOSMM-C-2026-009

title: "zBank — Fiat and FX Conversion Add-On Charter"

instrumentVersion: 1.0

language: en

publishedAt: 2026-07-06T18:00:00Z

effectiveAt: 2026-07-06T18:00:00Z

signingAuthority: Sovereign Military Order of Malta

baseCharter: GUOSMM-C-2026-003

licenseId: LICENSE-ZBANK-FIATFX-SHOSJJ-2026-004

activityId: fiat-currency-and-fx

---

GAZZETTA UFFICIALE DELL'ORDINE SOVRANO MILITARE DI MALTA

OFFICIAL GAZETTE OF THE SOVEREIGN MILITARY ORDER OF MALTA (GUOSMM)

Field	Value
Document ID	`GUOSMM-C-2026-009`
Series	C
Document type	Supplemental Activity Add-On Charter
Instrument version	1.0
Title	zBank — Fiat and FX Conversion Add-On Charter
Base charter	`GUOSMM-C-2026-003`
Licence number	`LICENSE-ZBANK-FIATFX-SHOSJJ-2026-004`
Activity ID	`fiat-currency-and-fx`
Published	2026-07-06T18:00:00Z
Effective	2026-07-06T18:00:00Z

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zBank — Fiat and FX Conversion Add-On Charter

**Registration/publication number:** `GUOSMM-C-2026-009`

**Licence number:** `LICENSE-ZBANK-FIATFX-SHOSJJ-2026-004`

**Base charter:** `GUOSMM-C-2026-003`

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Shared standard terms (incorporated)

Authority and issuance chain

**Official long name:** Sovereign Military Hospitaller Order of St John of Jerusalem of Rhodes and of Malta.

**Recognized designations (same sovereign authority):**

**SMOM** — Sovereign Military Order of Malta

**SHOSJJ** — Sovereign Hospitallers Order of St. John of Jerusalem (`GUOSMM-A-2026-003`)

SMOM and SHOSJJ are short forms of the **same** sovereign international legal personality under the official long name; GUOSMM uses all three forms interchangeably.

1. **Sovereign authority:** official long name (SMOM / SHOSJJ designations) — published in GUOSMM Tier 1.

2. **Monetary issuer:** **Treasury** issues **SCUDO** under `GUOSMM-A-2026-001`. **GRU** is **monetary policy** for the tokenized reserve basket (commodities, currencies, securities, …) — **not** the issuer. **OMNL is not the issuer.**

3. **License issuer:** **SHOSJJ Licensing Authority** under `GUOSMM-A-2026-002` — **OMNL is not the licensor.**

4. **OMNL EMCB** (`GUOSMM-B-2026-001`) — **EMCB institution of the Order**; domestic e-money chain only; **not DBIS**.

5. **DBIS** (`GUOSMM-C-2026-001`) — **Tripartite Sovereign Body** settling between **EMCBs and other central banks** within the **treatied nations of the Order**; completely apart from the OMNL chain. See `gazette/docs/MONETARY_ARCHITECTURE_CANONICAL_SCHEMA.md`.

**Canonical license identifiers** use the `-SHOSJJ-` suffix (e.g. `LICENSE-ZBANK-SHOSJJ-2026-001`). Fineract external IDs ending in `-OMNL` are operational routing aliases under OMNL supervision — not license issuance labels.

Juridical form and seat

**Legal form:** Order-chartered juridical person — supervised affiliate institution under OMNL head-office hierarchy.

**Principal place of business:** Boulder, Colorado, United States of America (aligned with OMNL registered address for supervisory coherence).

**Duration:** Perpetual unless revoked under Licensing Authority procedures.

**Governing law:** Order law as published in GUOSMM.

Dispute resolution and appeals

1. **Commercial and inter-institutional disputes** among Order-chartered parties arising under this Charter: **ICC Arbitration**, Paris seat, **ICC Rules in force at commencement of the arbitration**, English language, one arbitrator unless the amount in dispute exceeds USD 500,000,000 (three arbitrators). The arbitral award is final; enforcement follows the **New York Convention** where applicable.

2. **Licensing and prudential appeals** (suspension, revocation, fit-and-proper): administrative path under `GUOSMM-A-2026-002` through the **SHOSJJ Licensing Authority** → Licensing Governance Board → Grand Chancellor; **judicial license appeals** per `GUOSMM-A-2026-003` Article 6.2 (ICCC chamber rules).

3. **Forum separation:** licensing appeals do not stay commercial arbitration unless a final ICCC order expressly requires it under Order law.

Track B / external transactability

External banking, insurance, money-transmission, and correspondent access in nation-state jurisdictions requires closure of Track B compliance matrices and program counsel sign-off. This instrument establishes **Order capacity and internal operations commencement** only.

Supplemental activity separation

Base institution charters do **not** automatically authorize every adjacent financial, blockchain, exchange, custody, or market activity that an institution may wish to conduct.

Where an institution seeks to operate:

a private or permissioned blockchain,

a dedicated digital asset exchange,

fiat conversion or FX desks,

commodity or bullion exchange operations,

securities or capital-markets programmes, or

custody, nominee, escrow, safekeeping, or other ancillary regulated activities,

those activities must be covered by a **separate published add-on charter or license** with a distinct license identifier and explicit scope statement. The base charter remains the juridical anchor; the add-on publication defines the extra activity perimeter.

Materiality controls (HO batch programme)

Interoffice allocations at or above **USD 100,000,000,000** per tranche, or cumulative HO batch programme materiality thresholds, require maker-checker control and, where applicable, second-reviewer approval before ledger posting.

Nunc pro tunc ratification (operations commencement 2026-05-02)

Between **2 May 2026** and Tier 1 publication of this instrument, provisional operations were conducted under:

**SHOSJJ Licensing Authority** interim programme authorization (`GUOSMM-A-2026-002`) and counsel resolutions (EV-003);

OMNL head-office **prudential** supervision (`GUOSMM-B-2026-001`);

HO batch programme authorization recorded in the OMNL Fineract office hierarchy (offices 29–32); and

pending admission under `GUOSMM-C-2026-001` Article 3 (Membership).

Forward-looking bounded digital operations: **`GUOSMM-E-2026-003`** (PDOA, SHOSJJ Licensing Authority).

Interim basis and evidence index: **`GUOSMM-E-2026-002`** (HO batch governance and interim operations notice).

Upon Tier 1 publication, operations **commencing 2 May 2026** are **ratified nunc pro tunc** to the extent consistent with this Charter and parent acts. **No retroactive claim** arises against external regulators, correspondents, or policyholders without separate Track B evidence and nation-state recognition.

Suspension and revocation

Suspension or revocation follows the appeal path for the entity license class under `GUOSMM-A-2026-002` and `GUOSMM-A-2026-003` Article 6, through the **SHOSJJ Licensing Authority**, Licensing Governance Board, and Grand Chancellor as applicable.

Counsel roles (program vs institutional)

Role	Name	Scope
Program counsel	P.C. Walker, Esq.	Publication readiness, prohibited-claims register, Track A/B gating attestation (`GUOSMM-E-2026-002` counsel schedule)
Institutional counsel	David Eugene Ntshabele	Day-to-day charter interpretation, licensing conditions, external diligence responses (DBIS lane)

Program counsel attestation does not substitute for institutional counsel on operational matters; neither attestation creates nation-state license equivalence.

Governance and officers (HO batch pool)

Each HO batch institution is supervised by **OMNL** with a named **operations pool**:

Role	Name	Entity lane
Banking and Compliance Officer (prudential supervisor)	Romeo L. Miles	OMNL (central bank)
Operations pool	Adam Michaelson; Bernard Niehaus; David Bullock	Officers Pool — shared maker-checker

Material HO batch postings require at least **two distinct pool members** (maker + checker) and compliance oversight by the Banking and Compliance Officer or delegate. Full roster, entity liaisons, and fit-and-proper index: **`GUOSMM-E-2026-002`**.

LEI and public identity

Each institution **shall obtain** a distinct **GLEIF-issued, active** Legal Entity Identifier separate from OMNL LEI `98450070C57395F6B906`, with Level 1 relationship disclosure to OMNL, **before** Tier 2–5 external notice or correspondent KYB representation. Public designation names in this Charter do not substitute for domain registration, SOS name clearance, or external trademark clearance.

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Scope

Authorizes institutional fiat-currency conversion, treasury FX activity, and cash-in or cash-out coordination with approved endpoint banking partners where permitted by separate host-state arrangements.

Restrictions

No claim of money-transmitter, EMI, payment-institution, or remittance-licence equivalence.

No consumer-facing remittance programme from this add-on alone.

No access claim to domestic payment rails without local law closure.

Governance

This add-on remains subordinate to `GUOSMM-C-2026-003`, `GUOSMM-A-2026-002`, the shared charter terms, the HO batch supplemental licensing framework, and Track B host-state gating.

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*Signing authority: Sovereign Military Order of Malta · Supplemental activity add-on under the HO batch framework*