Trust and compliance
Compliance by architecture.
SILS is designed so the chain holds proofs, not people. Identity checks happen off chain with regulated partners. The chain stores commitments. Authorized parties can review a specific payment without exposing the rest.
Design rules
Five rules that shape every component.
These rules come from the Revolution Network design SILS builds on.1 SILS adopts them as its own. They are design rules, not certifications.
- No personal data on chain."No PII, KYC data, or payment detail on chain. Ever." Identity documents stay with regulated identity partners.
- Commitments only.Per identity, the chain holds one facet root, one reputation pointer and per-settlement nullifiers. Commitments are designed so a hash alone links to no one.
- Prove, do not store.A merchant checks a proof that a fact holds, such as age.over.21. It never receives the document behind it.
- Selective disclosure for auditors.A payer can generate a viewing proof that reveals one specified payment to an auditor, a regulator or an accountant, without revealing the rest.
- Every off-chain service signs its outputs.Each service keeps audit logs with the input hash and policy version, and its keys can be rotated and replaced.
Verification levels
Permissions follow verification.
Every agent traces to a verified parent. The parent's level decides what its agents can do. Verification runs off chain through identity data partners.2
| Level | What is verified | What it unlocks | Status |
|---|---|---|---|
| L1 Basic | Email and device bound, uniqueness checked | Agent creation, low-value settlement | In development |
| L2 Verified | Government identity checked against data partners | Age and jurisdiction facets, standard settlement | In development |
| L3 Enhanced | KYC and AML screening completed | Accredited investor facets, settlement linked to tokenized assets | In development |
| L3 Entity | Legal entity verified with an authorized signatory | Merchant agents, bonded reputation pools | In development |
KYC for people. KYB for businesses. KYA for agents. Agents are soulbound children of a verified parent and cannot create agents.
Regulatory posture
Design intent, with the rules it answers to.
Each row states what SILS is designed to do and the rule behind it. SILS Proof hides the payer from the merchant. It does not hide the payer from the regulated party that onboarded them. SILS does not claim its proofs remove any compliance duty.
| Topic | Design intent | Basis |
|---|---|---|
| Sanctions screening | Screen against OFAC lists at onboarding, at funding and at withdrawal. Expose a sanctions.clear facet to counterparties. | OFAC guidance for the virtual currency industry, Oct 2021, names KYC, screening and transaction monitoring as controls.5 |
| Travel Rule | Originator and beneficiary data stays with licensed counterparties and is shared under the Travel Rule. | FATF threshold USD or EUR 1,000.6, 7 U.S. threshold $3,000 under 31 CFR 1010.410(f).8 EU Transfer of Funds Regulation from Dec 30, 2024, with no general threshold.9 |
| Payment stablecoins | Settle in permitted payment stablecoins once the GENIUS Act rules take effect. SILS does not issue a stablecoin or pay yield. | GENIUS Act enacted Jul 18, 2025. Effective on the earlier of Jan 18, 2027 or 120 days after final regulations.10, 11 |
| Hashed identifiers | Keep linkable hashes off chain. Salts stay off chain and can be deleted. | EDPB Guidelines 02/2025: hashes with identifiers can still be personal data. Where erasure cannot be guaranteed, store no personal data on chain.12 |
| SILS Score | SILS Score is commercial reputation for agents and merchant entities, never the human. It is shown only as a threshold proof. It is not a consumer report and not a credit score. Counsel review precedes release. | Revolution Network design scope.4 Definition of consumer report, 15 U.S.C. 1681a.13 |
| Custody and ramps | Non-custodial by design. Fiat on and off ramps through licensed providers chosen after legal review. | Revolution Network design.1 Regulatory classification of SILS is under review with counsel.14 |
Security program
Planned controls. None completed yet.
SILS has not completed any audit and holds no SOC 2 report. These are commitments for the path to mainnet.3
| Control | Commitment | Status |
|---|---|---|
| Contract audits | Independent audit of every contract before mainnet | Planned |
| Circuit audits | Proof circuits audited before activation. Zero-knowledge bug classes are well documented.15 | Planned |
| Timelock and multisig | Privileged contracts owned by a timelock controlled by a multisig | Planned |
| Guardian pause | Bounded powers. Pauses expire or leave exits open | Planned |
| Bug bounty | Public program with severity tiers. Terms to be published16 | Planned |
| SOC 2 | Roadmap toward a Type I report, then Type II17 | Planned |
Responsible disclosure
Report a vulnerability.
If you find a security issue in SILS code, contracts, circuits or services, email the security inbox. Include steps to reproduce and the affected component. Please give SILS reasonable time to fix the issue before public disclosure. Do not access other people's data or disrupt service while testing.
Security inbox
security@silsacommerce.com
A bug bounty with published terms is planned. Until then, reports are acknowledged but not paid.
Status legend
What each label means.
SILS describes what exists and labels what does not. Today no SILS-specific capability is Live.
| Label | Meaning |
|---|---|
| Live | Generally available in production with real value. |
| Testnet | Running on a public test network. No real value. Interfaces may change. |
| In development | Being built. Not available to the public. |
| Specified | Design written down. Build has not started or is at an early stage. |
| Planned | Intended. Not yet specified in detail. Timing not committed. |
"Design intent" describes how a component is meant to work. It is not a shipped control.
Forward-looking statements
Full notice.
[PENDING COUNSEL] Notice text requires counsel approval before launch.
This website contains forward-looking statements, including statements about product development, any proposed corporate transaction, regulatory plans and market opportunity. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. Any proposed transaction is subject to definitive agreements and conditions and may not close.
Products and features described as Testnet, In development, Specified or Planned are not commercially available. Descriptions of planned functions do not mean an unfinished feature exists. Market figures are third-party estimates with sources and dates. They do not represent company revenue.
SILS is quoted on the OTC market under the ticker SILS. The company is not currently an SEC reporting company. No national exchange listing, listing date or liquidity is assured.
SILS undertakes no obligation to update forward-looking statements, except as required by law.
Read the full forward-looking statements page.
Nothing on this website is an offer to sell or a solicitation of an offer to buy any security or token.
Sources
- Revolution Network Whitepaper v2.0, October 2026, draft for review: §2.1, §5.1, §8.6, §8.9.
- Revolution Network Whitepaper v2.0, October 2026, draft for review: §6.2.
- Revolution Network Whitepaper v2.0, October 2026, draft for review: §13, §13.3.
- Revolution Network Whitepaper v2.0, October 2026, draft for review: §8.8, §13.2.
- White & Case, "OFAC Sanctions Compliance Guidance for the Virtual Currency Industry," Oct 2021 (secondary summary of OFAC guidance of Oct 15, 2021). whitecase.com
- Sidley Austin, "FATF guidance regarding digital asset exchanges," Jul 2019 (secondary). sidley.com
- FATF, "Update to Recommendation 16 on payment transparency," Jun 2025. fatf-gafi.org
- 31 CFR 1010.410. ecfr.gov
- De Nederlandsche Bank, "Transfer of Funds Regulation (TFR)." dnb.nl
- Federal Register, "GENIUS Act Regulations on Payment Stablecoin Issuance, Offer, and Sale," NPRM, Aug 18, 2026. federalregister.gov
- Tazapay, "The GENIUS Act One Year On," Jul 20, 2026 (secondary). tazapay.com
- EDPB, "Guidelines 02/2025 on processing of personal data through blockchain technologies." edpb.europa.eu. Summary of version 2.0 (secondary). ppc.land
- 15 U.S.C. 1681a, Fair Credit Reporting Act definitions. law.cornell.edu
- FinCEN, FIN-2019-G001, May 9, 2019. fincen.gov
- 0xPARC, "zk-bug-tracker." github.com/0xPARC/zk-bug-tracker
- Immunefi, "Vulnerability Severity Classification System v2.3." immunefi.com
- AICPA, "SOC 2." aicpa-cima.com