The operators behind T3RRA's certified Built-on-L3RS-1 implementation.
Six operators with combined experience across central-bank digital currency infrastructure, institutional asset management, venture capital, capital-markets execution, and regional project delivery. The team that wrote L3RS-1 and runs the desk that uses it.
Standard authorship
Original authors of L3RS-1, the five specification papers, and all seven theorems.
Capital-markets execution
Senior structuring and allocation experience across JP Morgan, BNP Paribas, SoftBank Capital.
Regulated infrastructure
Deployed inside a sovereign CBDC sandbox. In continuous development since 2013.
Zurab Ashvil
Original author of L3RS-1. Founder of L3COS. Built Georgia's first interbank currency exchange in 1992.
Zurab is the original author of L3RS-1 — the foundation-governed open standard stewarded by the L3RS Foundation since February 2026 — and the founder of L3COS, the chain-and-network-agnostic infrastructure from which L3RS-1 derives. L3COS has been in continuous development since 2013 and was deployed inside a sovereign-grade CBDC sandbox in 2020 — proven across multiple regulated production environments years before the L3RS Foundation released L3RS-1 as an open standard.
Earlier in his career, Zurab founded the Tbilisi Interbank Currency Exchange in 1992 — Georgia's first interbank FX market — which was subsequently absorbed into the national financial infrastructure. He holds a doctorate in cybernetics and applied mathematics from Tbilisi State University and previously held senior investment and technology leadership roles at SoftBank Capital. In 2020 he published a guest essay from inside the Bank of England CBDC sandbox.
- • Original author — L3RS-1, released February 2026 by the L3RS Foundation · Founder — L3COS (in development since 2013)
- • Active operator — T3RRA Ltd, certified Built-on-L3RS-1 since May 2026 (one of three operators in production, alongside Fiat-on-Chain and Aurum)
- • Founder — Tbilisi Interbank Currency Exchange (1992)
- • Doctorate — Cybernetics & Applied Mathematics, Tbilisi State University
- • Former Senior Executive — SoftBank Capital
- • Published — guest essay, Bank of England CBDC sandbox cohort (2020)
- • Speaker — World Economic Forum
- • Sole protocol architect — authored all five T3RRA specification papers and all seven theorems
The desk.
Operations, finance, capital-markets execution, and regional delivery. Click any row to expand.
One team, end-to-end.
Standard authors.
The same team that authored L3RS-1 — now stewarded by the L3RS Foundation — and shipped the Cryptographic Specification, the Flow Liquidity Engine paper, the Tokenomics paper, and the Architecture paper. Five papers, seven theorems, twenty-two specification sections — all produced in-house.
Capital-markets operators.
Senior leadership has run institutional capital across emerging markets, hedge funds, real assets, and digital assets. The desk that structures a deal is the desk that has done it before — not a vendor learning on your transaction.
Engineering & cryptography.
Continuous development on L3COS since 2013. CBDC sandbox deployment in 2020. The proof layer is mechanized against EasyCrypt and Tamarin on the published roadmap. Engineering depth is the difference between a standard and a vendor offering.
Eight launch chains. One standard.
L3RS-1, the foundation-governed open standard, ships at launch on Ethereum, Solana, Base, Arbitrum, Polygon, BNB Chain, Avalanche, and Stellar. The same compliance envelope holds across every one of them.
T3RRA LTD
Registered in England and Wales · Company number 16266973
5 Stratford Place, London, England, W1C 1AX
Why this team.
The same desk that wrote the standard, proved the theorems, deployed the CBDC sandbox, and structured institutional capital across three continents. Not a vendor learning on your transaction.
Want to talk to the desk?
Send a note to ir@t3rra.co or start a mandate.
T3RRA Ltd operates a certified Built-on-L3RS-1 implementation under L3RS-1 v1.0.0 Profile F, the foundation-governed open standard authored by Zurab Ashvil and stewarded by the L3RS Foundation since February 2026.
Three certified Built-on-L3RS-1 operators are in production: T3RRA, Fiat-on-Chain (since 2022), Aurum (since May 2026). Visit l3rs.foundation for the standards body.
An active 2026 mandate pipeline exceeding USD 2 billion in aggregate notional, central-bank-level regulatory dialogue in Georgia, and a Phase One reference implementation under external review.
L3RS Foundation governance is live with three certified Built-on-L3RS-1 technologies in production, and Financial Institutions PI cover in place with Relm Ins UK Ltd.
See the full proof →