Listing governance is one of the clearest signals regulators and institutions look for when evaluating a VATP. A disciplined committee process reduces legal risk, protects clients, and supports market integrity.
Intake and classification
Begin with a standardized intake form that captures:
- Issuer identity, governance, and previous projects.
- Tokenomics, supply schedules, and lockups.
- Legal analysis on whether the asset could be a security or falls under VATP scope.
- Technical risks, including smart contract audits and known vulnerabilities.
Classify assets by risk tier and investor eligibility before any engineering work begins.
Committee structure
Build a committee with representation from risk, legal, technology, and operations. Require quorum and recorded votes for every decision. Keep minutes that include conflicts declarations and the rationale for approvals or rejections.
Documentation and evidence
Every listing should generate a packet with:
- Legal memos and jurisdictional mappings.
- Technical audit summaries and remediation steps.
- Market integrity reviews, including potential concentration or manipulation risks.
- Disclosures prepared for clients, with plain language risk statements.
Store packets in a data room with version control and retention that matches regulatory expectations.
Ongoing monitoring
Approval is not the end. Set review cadences for each asset class that include:
- Surveillance checks for wash trading or unusual flows.
- Monitoring of issuer communications and code repositories for material changes.
- Revalidation of circulating supply, unlock schedules, and liquidity concentrations.
- Triggers for heightened monitoring, suspension, or delisting.
Publish a simple overview of this process so clients and partners know how listings are maintained over time.
Integration with incident response
Tie listing governance to the incident response runbook. If a vulnerability is discovered or manipulation is suspected, the committee should be able to pause trading, communicate quickly, and document actions for regulators.
A strong listing committee gives VATP.IO a foundation for trust. It also shortens licensing timelines because the evidence needed for regulators is produced as a normal part of shipping new markets.