Published · June 2026
Treasury v2 Framework Overview
A comprehensive summary of all four governance frameworks — RARTA, SRF, BEOL, and RAES — and how they integrate into a unified treasury operating system for institutional Bitcoin management.
Covers allocation logic, stress response protocols, operational constraints, and the layer hierarchy that defines how frameworks interact under normal and crisis conditions.
Four Integrated Frameworks
Each framework governs a distinct layer of Bitcoin treasury operations. Together they form Treasury v2.
RARTA
Risk-Aligned Return Threshold Approach
Systematic allocation decision logic. Calibrates sizing, timing, and threshold triggers within board-approved policy bounds.
Full specification →SRF
Stress Response Framework
Pre-committed drawdown protocols. Activates tiered responses when price action breaches defined stress levels.
Full specification →BEOL
Bitcoin Economic Optimization Logic
Constraint-aware operational optimization. Manages custody, accounting, and tax-lot decisions within all governance constraints.
Full specification →RAES
Reserve Asset Eligibility Standard
Seven-criteria adjudication test applied uniformly to any digital asset proposed for corporate reserves. As of v1.1, only Bitcoin clears all seven.
Full specification →Who This Document Is For
Get the Complete Framework Overview
One PDF. Four frameworks. The full Treasury v2 governance architecture.