Preparing the UK Digital Securities Sandbox application

XIXOIO LTD intends to apply solely to operate a Digital Securities Depository. The proposed depository would record the initial issue of securities, maintain the central register and settle transactions. The planned UK application of XIXOIO LTD is limited to professional clients and eligible counterparties. Other Genesis One OS modules are outside the application.

The application in six lines

Role

— Digital Securities Depository. No trading venue.

Functions

— notary, maintenance, settlement.

Instrument

— Registered sterling bonds issued by UK special purpose vehicles under English law, with an independent trustee.

Users

— Professional clients and eligible counterparties. The proposal envisages access through an FCA-authorised arranger.

Settlement asset

— sterling commercial bank money. The settlement bank has not yet been selected.

Status

— register: prototype on a test network. Depository as a whole: designed, not built.

Test network since 23 October 2026. Hyperledger Besu, QBFT consensus, four validators. A block is final at protocol level when at least three validators have signed it.

Blocks

—Source unavailable

Transactions

—Source unavailable

Validators active

—Source unavailable

The test network includes records used in group testing. Those records are outside the planned application. The proposed depository would use a dedicated network instance.

XIXOIO LTD

— England and Wales, company number 11013311, incorporated 16 October 2017. The applicant and the parent company of the group.

XIXOIO a.s.

— Czech Republic, company ID 073 66 949. Wholly owned subsidiary. It has no role in the proposed depository.

DAOUBO DAO LLC

— Wyoming, United States. Runs the company readiness programme described in section 06. XIXOIO LTD is the intended depository operator.

Richard Watzke is the director of XIXOIO LTD and the Member-Manager of DAOUBO DAO LLC. XIXOIO LTD would be responsible for operating the proposed depository.

The full account, with sources, is on the home page of this website. The dates below are the ones that matter for this application.

2017

— XIXOIO LTD is incorporated in England. A research and design programme begins.

2018

— XIXOIO a.s. becomes the group’s Czech subsidiary. An international conference on digital assets and central banks is held in Prague.

2021

— Blockchain Genesis white paper v1.1. In December XIXOIO a.s. launches a platform for registering companies and tokenising their projects. On 3 December the Czech National Bank publishes a consumer warning about the public presentation of XIXOIO a.s.

2022

— Tokens are offered through the platform from January until 29 November. In October XIXOIO LTD, through Liechtenstein counsel, asks the Liechtenstein Financial Market Authority to assess a planned business model. On 29 November 2022, the police carried out acts of criminal proceedings at the Czech company XIXOIO a.s.

2023

— On 16 February the Financial Market Authority replies that several of the planned services would require registration under the Liechtenstein Token Act and that its assessment is not an approval. A year later, on 4 December 2023, the commencement of a criminal prosecution on suspicion of fraud was announced. The proceedings are in their fourth year at the pre-trial stage. The presumption of innocence applies. XIXOIO LTD is not a party to those proceedings.

2024

— In May XIXOIO LTD writes to the FCA and the Bank of England. A pre-application meeting takes place on 19 September.

2025

— XIXOIO a.s. applies to the CzechInvest Fintech Regulatory Sandbox; it passes the first round and is not selected in the second.

2026

— Comments are submitted to the Eurosystem’s Pontes and Appia consultation. DAOUBO DAO LLC is formed in Wyoming. Three books are published in August. The test network starts on 23 October. On 4 November XIXOIO a.s. applies to the ECB’s digital euro innovation platform. XIXOIO LTD plans to submit its UK Gate 1 application in Q4 2026.

• Regulated Tokenomics

  Tokenization does not begin with blockchain. It begins with a decision that must withstand scrutiny from auditors, creditors, and supervisory authorities.

• From Tokenisation Rules to Governed Operations

  A company must become investable before it becomes tokenised.

• The Stablecoin-Ready Enterprise

  Tokenisation is not mainly about speed. It is about safely usable data, rights, rules and instructions.

The publications and the proposal

The books describe the author’s methodology and the broader Genesis One OS reference architecture as at August 2026. Only the proposed operation of the depository falls within the planned Gate 1 application.

Of the three steps below, only step 3 falls within the planned application. It covers the depository described in section 01. The company preparation work in steps 1 and 2 is outside its scope.

How the depository fits into the wider project

1. 1 ·
   Company governance and data readiness — a company sets roles, approval limits and escalation procedures. Software tools assist named people in preparing and recording decisions. This work is part of DAOUBO DAO LLC’s readiness programme.
2. 2 ·
   Digital-capital readiness — DAOUBO DAO LLC’s 18-step programme covers issuer documentation, the data model, independent attestation of operating data and risk management.
3. 3 ·
   Infrastructure — the proposed depository described in section 01. Only this step is within the planned application.

DAOUBO DAO LLC and software agents

DAOUBO DAO LLC is a Wyoming limited liability company with a named human member-manager. Its software agents read, propose and record within written mandates. A named person decides and is responsible. The proposed depository design gives software agents no access to the register or the signing gateway.

Group modules

A separate application by a different company

On 4 November 2026 XIXOIO a.s., the Czech subsidiary, submitted its separate application to the European Central Bank’s digital euro innovation platform (xixoio.com/ecb). The ECB demonstration uses a fictional individual investor. The planned UK application of XIXOIO LTD is limited to professional clients and eligible counterparties.

Is XIXOIO LTD authorised?

— No. It holds no authorisation, approval or permission from any financial regulator.

Why a depository and not a technology supplier?

— Because what is to be tested is the legal effect of the register itself. Only the firm that operates the register and answers for it can test that.

Is there a settlement bank, an arranger or a trustee?

— Not yet. They will be selected during the testing phase and notified to the regulators before Gate 2.

What exists today and what does not?

— A test network with a prototype register exists. Independent validators, separated key custody, a settlement bank, an independent security review and a legal opinion on the finality of register entries do not yet exist.

What about Token XIX and Token 19?

— Both are outside the planned application. Token 19 has not been issued. Holding Token XIX gives no preferential access to the proposed depository.

What do AI tools do?

— They support development, drafting and monitoring. The proposed design gives them no access to the register or signing gateway. A named person decides.

• Bank of England · DSS guidance
• Bank of England · DSS Rules, Article 39.7 (Gate 2 rules — apply to a DSD after Gate 2)
• FCA PS24/12 — launch announcement and final guidance