BBTC White Paper
Executive Summary
The Sakura Nakamoto Foundation is the founder and legal owner of
BBTC, a blockchain-based digital asset designed to combine the transparency
of decentralized technology with the security of physical gold reserves.
BBTC operates as a Bitcoin clone, using the same blockchain protocol as the
original Bitcoin, but it is backed on a 1:1 basis by physical gold — where
1 BBTC equals 1 gram of gold — ensuring that each digital unit represents a
verifiable, tangible asset. The maximal number of BBTC that can be mined is
210,000,000.
Gold Backing Mechanism
All proceeds from coin sales are directly allocated to the acquisition of physical
gold via two licensed and regulated gold trading companies based in Thailand and
Laos. Gold reserves are held in secure, insured, and auditable vaults in Bangkok and
Singapore.
Holder Benefits
BBTC holders retain full flexibility and protection: convertibility to physical
gold, transferability on licensed exchanges, and participation in asset monetization
through staking programs that distribute profits from gold-backed lending
operations.
Economic Model
Revenue Generation
- Gold leasing to financial institutions
- Collateralized gold lending operations
- Secure low-risk financial operations
- Staking rewards from reserve monetization
Profit Distribution
Monthly profit distribution from
gold reserve activities to BBTC holders proportional to their holdings.
BBTC White Paper
Executive Summary
The Sakura Nakamoto Foundation is the founder and legal owner of
BBTC, a blockchain-based digital asset designed to combine the
transparency of decentralized technology with the security of physical gold reserves.
BBTC operates as a Bitcoin clone, using the same
blockchain protocol as the original Bitcoin, but it is backed on a 1:1 basis by
physical gold — where 1 BBTC equals 1 gram of gold —
ensuring that each digital unit represents a verifiable, tangible asset. The maximal
number of BBTC that can be mined is 210,000,000.
As of November 1, 2025 40 million BBTC have been mined. The
public sale of BBTC will commence in December 2025
through a dedicated and compliant landing page. All proceeds from coin
sales will be directly allocated to the acquisition of physical gold via two
licensed and regulated gold trading companies based in
Thailand and Laos.
The gold reserves backing BBTC will be held in secure, insured, and auditable
vaults located in Bangkok and Singapore,
operated under internationally recognized security and compliance standards. Each
tranche of gold acquired will be recorded and independently verified to ensure
full reserve transparency. Regular third-party audits
will confirm that the total gold holdings are equal to or greater than the BBTC supply
in circulation.
BBTC holders retain full flexibility and protection under the project's framework:
- Convertibility: Each BBTC can be redeemed for its
equivalent in physical gold through authorized partners at any time.
- Transferability: BBTC may be traded on licensed
cryptocurrency exchanges, subject to the applicable digital asset and
financial regulations of each jurisdiction.
- Asset Monetization: The underlying gold reserves may be used as
collateral for regulated investment or lending operations, with the
resulting profits distributed to BBTC holders who participate in staking programs.
The Sakura Nakamoto Foundation is committed to maintaining
strict adherence to financial compliance standards, including
KYC (Know Your Customer) and AML (Anti-Money
Laundering) protocols across all transactions and partnerships.
Through this model, BBTC aims to establish a fully asset-backed, auditable, and
transparent digital currency system, bridging traditional commodity
reserves with blockchain-based financial innovation. The project's structure prioritizes
asset security, investor protection, and regulatory conformity, positioning BBTC as a
compliant and sustainable alternative to unbacked cryptocurrencies.
Technical Architecture
System Design Overview
The BBTC ecosystem is built on a layered architecture combining the security
of blockchain technology with the stability of gold-backed reserves. The architecture meets
institutional-grade standards of reliability, auditability, and compliance while maintaining
Bitcoin's decentralized ethos.
Base Blockchain Layer
BBTC operates as a Bitcoin clone, utilizing Proof-of-Work
(PoW) consensus for security and decentralized validation. Key
customizations include Token Backing Protocol (TBP) linking each BBTC to its
corresponding gram of gold, enhanced block headers with reserve attestations, and
regulated node networks.
Smart Contract Layer
Smart contracts govern issuance, redemption, and staking through multi-signature
governance. Features include Reserve Oracle integration for real-world gold data
synchronization, minting/burning controls, and 3-of-5 multi-signature authorization
for parameter changes.
Proof-of-Reserve System
The Sakura Nakamoto Foundation has implemented a multi-layered
Proof-of-Reserve (PoR) system combining traditional financial
auditing and on-chain cryptographic verification. This ensures every BBTC in
circulation is backed by an equivalent quantity of physical gold, verifiable in real
time.
Transparency
All reserve holdings and audits are publicly disclosed and verifiable
on-chain.
Integrity
Each BBTC corresponds directly to one gram of certified physical gold held
in secure custody.
Accountability
Independent audits ensure no over-issuance or double counting of assets.
Technical Architecture Overview
The BBTC Project, developed by the Sakura Nakamoto
Foundation, combines the security of blockchain technology
with the stability of gold-backed reserves. Its architecture has been
designed to meet institutional-grade standards of reliability, auditability, and
compliance while maintaining the decentralized ethos of Bitcoin.
1. System Design Overview
The BBTC ecosystem is built on a layered architecture consisting of four
main layers:
- Base Blockchain Layer — A modified Bitcoin protocol optimized for
gold-backed token issuance and proof-of-reserve integration.
- Smart Contract & Reserve Layer — A programmable layer enabling
minting, burning, staking, and collateral management via multi-signature governance.
- Application Layer — Comprising wallets, exchange interfaces,
staking dashboards, and redemption portals for user interaction.
- Compliance & Oracle Layer — Ensures ongoing KYC/AML verification,
audit data synchronization, and automated proof-of-reserve reporting.
2. Base Blockchain Layer
BBTC operates as a Bitcoin clone, utilizing Proof-of-Work
(PoW) consensus for security and decentralized validation.
Key customizations include:
- Token Backing Protocol (TBP): Introduces metadata linking each BBTC
to its corresponding gram of gold held in reserve.
- Enhanced Block Headers: Include signed reserve attestation
references for transparency.
- Regulated Node Network: Authorized validator nodes are operated by
Foundation-approved entities and compliance partners to ensure data integrity.
- Interoperability Bridges: Optional bridges allow wrapping BBTC onto
Ethereum or other EVM-compatible networks for DeFi participation.
3. Smart Contract & Reserve Layer
Smart contracts govern issuance, redemption, and staking through multi-signature
governance.
Key features include:
- Reserve Oracle Integration: Real-world gold data synchronization
with vault audit reports.
- Minting/Burning Controls: Automated token issuance based on
verified gold acquisitions.
- 3-of-5 Multi-Signature Authorization: Required for parameter
changes, ensuring decentralized control.
- Staking & Reward Distribution: Automated profit distribution from
reserve monetization activities.
4. Application Layer
User-facing applications include:
- Non-Custodial Wallets: Full control of private keys with built-in
staking and redemption modules.
- Exchange Integration: APIs for licensed cryptocurrency exchanges to
support BBTC trading pairs.
- Staking Dashboard: Interface for users to participate in
profit-sharing programs.
- Redemption Portal: Streamlined process for converting BBTC to
physical gold.
5. Compliance & Oracle Layer
Ensures regulatory adherence and transparency through:
- KYC/AML Integration: Automated identity verification for all
participants.
- Audit Data Feeds: Regular synchronization of vault audit reports
with the blockchain.
- Regulatory Reporting: Automated generation of compliance reports
for authorities.
- Proof-of-Reserve Verification: Continuous validation of gold
reserves against token supply.
Regulatory Compliance & Risk Management
Regulatory Compliance Statement
The Sakura Nakamoto Foundation is committed to full compliance with
international financial, anti-money laundering, and asset custody standards. The
BBTC Project has been structured to ensure that every stage — from issuance
to reserve management — adheres to transparent, verifiable, and lawful practices across all
participating jurisdictions.
Compliance Framework
KYC/AML Protocols
Mandatory KYC and AML screening for all users with enhanced due diligence for
high-value transactions and PEPs.
Reserve Transparency
Regular independent third-party audits to confirm gold holdings match or exceed BBTC
in circulation.
Licensed Partners
Gold reserves sourced through licensed partners in Thailand and Laos operating under
regulatory oversight.
Regulated Exchanges
Trading only on licensed exchanges that enforce AML/KYC protocols and comply with
relevant securities laws.
Risk Disclosure
| Risk Category |
Description |
Mitigation |
| Market & Price Risk |
BBTC value may fluctuate based on gold prices, crypto markets, and
macroeconomic conditions |
1:1 gold backing, transparent reserves |
| Custody & Security Risk |
Theft, natural disasters, or operational failures at vault
facilities |
Insurance coverage, multiple secure locations |
| Regulatory & Legal Risk |
Changing regulations affecting trading, redemption, or custody |
Proactive compliance, legal opinions |
| Liquidity & Redemption Risk |
Limited liquidity, processing delays for redemptions |
Multiple exchange listings, clear redemption terms |
| Technological Risk |
Blockchain vulnerabilities, network congestion, or smart contract
issues |
Regular audits, multi-signature controls |
Investor Responsibility
Participants are strongly encouraged to conduct independent due diligence and seek
professional financial and legal advice before acquiring BBTC. BBTC investment
carries commodity, technological, and regulatory risks.
Legal Disclaimer
The Sakura
Nakamoto Foundation makes no warranties regarding price performance, liquidity,
or redemption availability of BBTC and shall not be liable for any direct or
indirect losses.
Governance Structure
Foundation Committees
- Executive Committee: Strategic management and high-level
decision-making
- Compliance Committee: KYC/AML oversight and regulatory
adherence
- Audit & Reserve Committee: Independent oversight of gold
reserves
- Technology & Security Committee: Blockchain infrastructure and
cybersecurity
Regulatory Compliance Statement
The Sakura Nakamoto Foundation is committed to full compliance with
international financial, anti-money laundering, and asset custody standards. The
BBTC Project has been structured to ensure that every stage — from
issuance to reserve management — adheres to transparent, verifiable, and lawful
practices across all participating jurisdictions.
1. KYC/AML Protocols
All participants in the BBTC ecosystem are subject to comprehensive Know Your Customer
(KYC) and Anti-Money Laundering (AML) screening:
- Identity Verification: Mandatory verification of all user
identities through government-issued documentation.
- Enhanced Due Diligence: Additional scrutiny for high-value
transactions and politically exposed persons (PEPs).
- Transaction Monitoring: Continuous monitoring of all transactions
for suspicious activity.
- Sanctions Screening: Regular screening against global sanctions
lists and watchlists.
2. Reserve Transparency
The Foundation maintains complete transparency regarding gold reserves through:
- Regular Audits: Monthly independent third-party audits of all gold
holdings.
- Public Disclosure: Publication of audit reports and reserve status
on the blockchain.
- Real-Time Verification: Continuous proof-of-reserve verification
through cryptographic means.
- Vault Inspections: Regular physical inspections of vault facilities
by authorized personnel.
3. Licensed Partners
All operational partners are carefully vetted and properly licensed:
- Gold Trading Companies: Licensed and regulated entities in Thailand
and Laos.
- Vault Operators: Internationally recognized secure storage
facilities in Bangkok and Singapore.
- Audit Firms: Reputable third-party auditors with expertise in
precious metals.
- Legal Counsel: Experienced legal teams specializing in financial
regulations across jurisdictions.
4. Regulatory Engagement
The Foundation maintains proactive engagement with regulatory authorities:
- Compliance Reporting: Regular submission of compliance reports to
relevant authorities.
- Regulatory Consultation: Ongoing consultation with legal experts on
regulatory developments.
- Jurisdictional Analysis: Continuous assessment of regulatory
requirements across operating regions.
- Policy Development: Active participation in industry discussions on
digital asset regulation.