Acme Foundation board approves a €120k climate grant
Acme runs its endowment from a 5-of-7 XRPL multi-sig. Today's proposal: a €120 000 climate grant. Seven members in seven cities. Five signatures. Three minutes. Settled on-ledger in seconds.
5 / 7signer quorum
7global members
3.7sto settle
€120kgrant amount
01 / 05
· Proposal
The treasurer drafts a €120k grant.
Acme Foundation runs its endowment from a 5-of-7 multi-sig wallet. The treasurer drafts a one-line proposal: release €120 000 to Pacific Reforest Initiative.
Under the hood: Builds an XRPL Payment tx from the multi-sig account; embeds proposal metadata in the memo. Not yet signed.
02 / 05
· Notify
All 7 board members get a push.
Push notifications reach all seven board members simultaneously — London, Berlin, Zürich, Paris, Nairobi, Boston, Lisbon. No conference call needed.
Under the hood: Cosigner service publishes the pending tx hash; each signer's wallet polls + opens it.
03 / 05
· Sign
Each board member signs locally.
Each member reviews payee, budget code, KYC evidence in their own wallet, then signs. CEO first (09:08), CFO next (09:14), then board chair (09:23).
Under the hood: Each signer adds a Signer entry with their pubkey + secp256k1 signature. The tx blob accumulates signatures on the cosigner service.
04 / 05
· Threshold
5 of 7 signed. Quorum reached.
The fifth signature arrives from Programs (Nairobi) at 09:42. Quorum met. Treasurer and Legal can still sign — they don't have to.
Under the hood: XRPL accepts the multi-sig tx once accumulated weight ≥ SignerQuorum. Excess signatures are valid but not required.
05 / 05
· Execute
3.7 seconds. The grant is on its way.
The signed transaction broadcasts. XRPL closes its next ledger 3.7 seconds later, moving 210 000 XRP (≈€120 000) to Pacific Reforest. Public, immutable, fully audited.
Under the hood: Multi-sig tx settles into ledger 85,142,099. Network verifies signer weights ≥ quorum + signature validity per signer.
Proposal
·
01 / 05
Why this matters
No single point of failure
No one person can move the funds — not the CEO, not the treasurer.
Asynchronous + global
Board members in 7 cities sign when convenient. No conference call needed.
< 1 hour
On-ledger audit trail
Every signature is a public XRPL tx — fully auditable forever.
Treasury-grade
Native XRPL primitive — no smart contract risk.
New here? Skim the glossary —
Glossary
SignerList
An XRPL account's authorised co-signers and the quorum required.
XLS-29: up to 32 co-signers with weights; transactions are valid once collected weights meet SignerQuorum.
M-of-N
The rule that M signatures from N possible signers are required.
5-of-7 survives 2 absentees and tolerates 2 compromised keys.
Quorum
The minimum signatures the account requires to act.
Set once on the SignerList; can be raised or lowered by another multi-sig.
"Same governance robustness as a bank — without the bank.
Five signatures from five cities. Three minutes start to finish.
Settled in 3.7 seconds, public forever."