Coop-IC: the cooperative Innovation Credit
One credit. Every yield source. Issued by InnovateCredits Cooperative Association, backed by audited supply, parametric-insured at issuance, and pre-staged for 1:1 par convertibility to Treasury IC.
From yield supply to Coop-IC token
Yield Supply
Three yield classes contribute at issuance:
Audit at Issuance
Each yield contribution is third-party audited before conversion. Parametric insurance wraps the backing at issuance — same Hard Asset Equivalent (HAE) pattern as Project Constellation. Makes Coop-IC ratable by agencies and bankable as collateral.
Convert to Coop-IC
Audited yield converts to Coop-IC at the class-specific rate determined by the trust board's annual marginal-contribution methodology. One Coop-IC = one par unit. All yield classes produce the same Coop-IC token.
Tokenize via Cooperative Partner
Coop-IC tokens are minted by the cooperative's specialized tokenization partner. Chain-of-custody post-quantum encryption provides tamper-evident provenance for each token from issuance to redemption.
Attach to SKU via GS1 AI 8112
Coop-IC tokens attach to product SKUs via GS1 Application Identifier 8112 (the open standard for serialized coupons). Attachment enables validated-at-POS redemption through established retail clearance infrastructure.
Two complementary POS rails — most US retailers covered
Coop-IC validation at point of sale routes through two distinct, complementary rails. Together they unlock most US points of sale without forcing any single integration model on participating retailers.
Rail A — Coupon-Class Adjudication
A major coupon clearinghouse that validates GS1 8112 serialized coupons at POS. Live at national pharmacy chains; integrated with a leading payment-technology platform. Handles coupon-class adjudication — the established retail-clearinghouse path.
Depth: established retail-clearinghouse relationships; major national pharmacy chain integrations live.
Rail B — SKU-Level Adjudication
A major SKU-level adjudication program manager integrated into the US prepaid, gift-card, loyalty, and POS-terminal stack. Handles SKU-level adjudicated payments and gift-card redemption — a distinct, complementary rail from coupon clearance.
Breadth: integration into the prepaid, gift-card, loyalty, and POS-terminal stack across most US retailers.
Both rails are operated by established industry participants, not cooperative-owned infrastructure. The cooperative licenses access — maintaining the “mostly licensed-in, not built” operating model while delivering broad POS coverage from day one.
Settlement to Treasury convertibility
Settle via Stablecoin Rail
Post-POS settlement routes through FIUSD stablecoin infrastructure with USD1 stablecoin bridge. Dollar-denominated settlement; no crypto-native consumer requirement.
Consumer Coop-IC Balance
Consumer's Coop-IC balance is updated post-settlement. Balance is held in custody via the cooperative's institutional custodian partner (institutional-grade, BNY Mellon / Pershing class).
Patronage Dividend Accrual
Consumer patronage units accrue per qualifying purchase dollar. Annual dividend pool is allocated proportionally to each member's unit share. Dividend is paid in Coop-IC or cash per trust-board election.
Bridge to Treasury IC — 1:1 ParTreasury Bridge
When the federal Innovation Credit program launches, Coop-IC holders convert at 1:1 par to Treasury IC. The cooperative pre-stages the rail; conversion is a bridge, not a rebuild.
Insurance is embedded, not added
Actuarial insurance wraps every Coop-IC at issuance. The premium is embedded in the Coop-IC discount structure — the same parametric-insurance pattern as the Project Constellation Hard Asset Equivalent thesis. This makes Coop-IC ratable by agencies and bankable as collateral without requiring separate insurance procurement by each redemption counterparty.