> For the complete documentation index, see [llms.txt](https://nova-30.gitbook.io/nova-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nova-30.gitbook.io/nova-docs/comms/comms-whitepaper.md).

# COMMS Whitepaper

Design principles for deterministic collateral eligibility infrastructure.

## COMMS Whitepaper

### The collateral eligibility layer for tokenized stocks

COMMS provides a deterministic path from asset state to collateral decision.

```
ASSET → STATE → EVIDENCE → POLICY → ELIGIBILITY → DECISION
```

A decision is evidence-backed and policy-driven. It does not imply a valuation, recommendation, or guarantee.

### Design principles

* **Deterministic** — equivalent inputs and policy produce equivalent outcomes.
* **Read-only** — COMMS reports decisions without controlling an asset.
* **Evidence-backed** — each result can expose its supporting checks and sources.
* **Policy-driven** — protocols define their own collateral requirements.

### Decision states

COMMS returns `ELIGIBLE`, `INELIGIBLE`, `CONDITIONAL`, or `UNKNOWN`.

`UNKNOWN` means available information cannot support a deterministic decision. It does not mean `INELIGIBLE`.

### Boundaries

COMMS does not publish unverified assets, live metrics, undocumented guarantees, or invented API behavior. Illustrative examples are labeled as such.


---

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