Pacioli.ai – First-Ever RegFi Protocol Deploys to Mainnet

Zug, Switzerland, December 2, 2024 — Auditchain Labs AG has successfully deployed Pacioli.ai, the world’s first web3 RegFi (Regulatory Finance) protocol, to the mainnet. Designed to revolutionize regulatory reporting, Pacioli.ai integrates a DePIN (Decentralized Physical Infrastructure Network) of nodes capable of reading, understanding, and detecting inconsistencies in machine-readable reports. The deployment on Polygon, which occurred on November 22, 2024, marks a pivotal step towards transforming compliance with additional plans to expand across other EVM chains.

On November 26, 2024, the first on-chain validation of an XBRL financial statement was achieved, demonstrating the platform’s groundbreaking capabilities in processing over 25 million XBRL reports filed annually across 200 regulators in 65 jurisdictions.

Pacioli.ai introduces a state-of-the-art disclosure automation management suite that simplifies the preparation of XBRL-based reports. By eliminating the need for outsourcing or expensive structured data experts, the platform enhances internal control and mitigates the risk of inconsistencies in disclosures.

The platform currently supports the following XBRL reporting frameworks:

• MiCAR (EU): Crypto-Asset White Papers.
• VARA (UAE): Virtual Asset White Papers.
• ESRS (EU): Sustainability Reporting.
• IFRS: For corporations and SMEs.
• US GAAP: Financial reporting standards in the United States.

Future updates will extend Pacioli.ai’s coverage to encompass a comprehensive range of disclosures.

Jason Meyers, Lead Architect stated; “This deployment represents a long awaited milestone that begins a journey to create the internet of disclosure and move machine-readable financial, sustainability and crypto asset disclosure into web3”.  

Beyond disclosures, Pacioli.ai enables users to analyze and index financial reports filed with the US Securities and Exchange Commission. The platform allows users to assess the reliability of these reports by identifying qualitative and quantitative inconsistencies that may fall outside the scope of traditional audits.

Pacioli.ai sets the standard for the RegFi category by combining incentives, DePIN, and cutting-edge LegalTech and RegTech solutions. The ecosystem relies on the AUDT token for settlement, staking, and governance. Stakeholders submit disclosures to the network for validation, paying AUDT to access Pacioli.ai’s external validation services. This ensures an incentivized, self-sustaining ecosystem that prioritizes compliance integrity.

To power the ecosystem, 2,200 licenses with full reporting and validation capabilities are being offered through Pacioli.ai’s Initial Node Offering (INO). Each license includes a Pacioli AI Validating Node, represented by an NFT, along with 7,000 AUDT tokens. Activation requires an additional 7,000 AUDT from the user. The five-phase pricing starts at $1,800 for early adopters and concludes at $2,850.

Visit Pacioli.ai to explore how the platform is shaping the future of on-chain disclosure.

Media Contact: Auditchain Labs AG
Email: [email protected] 

About Pacioli.ai
Pacioli.ai is a DePIN-based platform for collaborative creation and validation of machine-readable disclosures, supporting global standards and crypto-asset regulations.

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About Auditchain Labs AG
Auditchain Labs AG develops AI-powered web3 disclosure infrastructure for compliance and assurance, driving innovation in how disclosures are created, validated, and consumed.

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