HiveSovereign · supervisory observability layer

The supervisory observability layer for stablecoin flows.

Central-bank, ministry-of-finance, and financial-conduct-authority readable. Every USDC transaction under a Hive receipt is dual-signed, provenance-bound, and selectively disclosable to the supervisor of record without exposing counterparty privacy. The line that lets a regulated stablecoin become pre-approved infrastructure for a central bank.

Talk to Steve Verify a receipt

Why this exists

Every central bank in the developed world is being asked, today, to approve stablecoin participation in its domestic payments infrastructure. The BIS, the Federal Reserve, the ECB, the Bank of England, the MAS, the BOJ, and the SNB have all published papers describing the supervisory observability they require before they will sign off. That observability has not existed. HiveSovereign is the layer that delivers it: cryptographically provable transaction provenance, selectively disclosable to the supervisor, with offline verification and post-quantum signature integrity.

What a supervisor can do under HiveSovereign

HiveSovereign is a read-only supervisory portal, signed at every level, that gives a designated regulator a real-time view into the stablecoin flows under its jurisdiction. The portal exposes:

jurisdiction_view — every transaction touching a counterparty resident in the supervisor's jurisdiction, with cryptographic proof of residency at the issuer-of-record layer.

institution_view — every transaction involving a regulated entity the supervisor licenses, with bank, MSB, broker-dealer, and EMI classification.

corridor_view — cross-border flows in and out of the jurisdiction, with travel-rule receipts bound to each transfer.

policy_compliance_view — every transaction's NEED, YIELD, and CLEAN-MONEY gate results, anonymized at the counterparty level but verifiable in aggregate.

sanctions_screening_view — OFAC, EU consolidated, UN, UK OFSI sanctions hit rates and disposition, with provenance.

aggregate_volume_view — domestic, cross-border, intra-bank, and inter-institution stablecoin volume by hour, day, month, with offline-verifiable signatures.

selective_disclosure — the supervisor can request elevated disclosure on a flagged transaction or counterparty under defined legal process. The disclosure is itself dual-signed.

regulator_export — every view is exportable as a CBOR-canonical, dual-signed audit packet for parliamentary, judicial, or international information-sharing use.

Built for USDC on Arc

The line that gets USDC pre-approved by a central bank.

HiveSovereign sits on Arc as the supervisory read layer above the settlement layer. Every receipt on Arc is, by construction, observable to the supervisor of record without compromising counterparty privacy. The receipt rail is the same one every counterparty signs against. The view a central bank sees is cryptographically identical to the view the counterparty sees of its own transactions. No other stablecoin rail, on any chain, has this property.

Who runs on HiveSovereign

Central banks evaluating regulated stablecoin participation in their domestic payments infrastructure under BIS framework guidance.
Financial-conduct authorities supervising banks, MSBs, EMIs, and stablecoin issuers under MiCA, FSMA, MAS Notice 626, and equivalents.
Ministries of finance evaluating stablecoin policy, capital-flow management, and macroprudential exposure.
BIS, FSB, IMF, and standard-setting bodies publishing cross-jurisdictional guidance on stablecoin oversight.
FATF and FATF-style regional bodies assessing travel-rule compliance at corridor level.

Three things HiveSovereign is not

It is not a surveillance product. Counterparty privacy is preserved by selective disclosure. A supervisor sees aggregates and flagged transactions, not every individual user's balance.
It is not a backdoor. Disclosure requires the supervisor's signed legal process. The portal logs every elevated query, dual-signed and immutable. The audit-trail-of-the-audit-trail is itself supervisable by a meta-supervisor.
It is not a CBDC. HiveSovereign is the read layer over private regulated stablecoin flows. The central bank does not issue, does not custody, and does not intermediate. It supervises.

Pricing

For supervisory bodies

Read access is free for designated supervisory institutions under a memorandum of understanding. The cost is borne by the issuer and the counterparties under the supervisor's jurisdiction.

$0.001

Per supervisable event · issuer fee

The issuer-of-record fee for making each transaction supervisor-readable. Less than a basis point on a $100 transaction. Effectively a rounding line item in any institutional rail.

$49,999

Per month · sovereign tier

Bespoke deployment for a sovereign supervisor with custom views, on-premise verifier, integration with national audit systems, and dedicated technical liaison.

Why now

The BIS published in 2025 the supervisory-observability framework that stablecoin issuers will be measured against. No issuer has shipped a product that satisfies it. HiveSovereign is that product.
The GENIUS Act and MiCA both require stablecoin issuers to demonstrate ongoing supervisory observability of the flows they enable. Compliance dates are imminent. Issuers without a supervisory layer will not be licensed.
USDC is the stablecoin most likely to receive central-bank pre-approval. Hive's supervisory layer is what makes that pre-approval defensible.
EU AI Act compliance is in production at Hive today. HiveSovereign satisfies the AI Act's audit-trail and supervisory-access requirements as a side effect of the receipt rail.

A direct conversation, not a procurement cycle

If you are a supervisor, a central-bank policy lead, or a regulated issuer evaluating supervisory infrastructure ahead of stablecoin pre-approval, the fastest path is a direct note. Steve reads them.

Talk to Steve See a verification

Live since 2026-05-18 · Dual-signed (Ed25519 + ML-DSA-65) · BIS / GENIUS Act / MiCA / FATF / EU AI Act aligned · Selective disclosure with offline verification