{
  "uri": "alkn://truthloops/securities/negative-token-not-direct-metal-title",
  "contents": [
    {
      "uri": "alkn://truthloops/securities/negative-token-not-direct-metal-title",
      "mimeType": "application/json",
      "text": "{\n  \"source_role\": \"doctrine\",\n  \"observation_type\": \"doctrine\",\n  \"evidence_payload_retrievable\": false,\n  \"scope_temporal\": \"permanent_doctrine\",\n  \"loop_id\": \"negative-token-not-direct-metal-title\",\n  \"branch\": \"securities\",\n  \"polarity\": \"negative_disambiguation\",\n  \"bounded_proposition\": \"REFUTES: \\\"Each ALKN token gives the holder direct ownership of a specified quantity of nickel wire.\\\"\",\n  \"required_evidence\": [\n    \"Partnership agreement (defines LP-interest rights)\",\n    \"Token terms (defines token-holder rights)\",\n    \"Security legal opinion (defines the represented interest)\"\n  ],\n  \"correct_relationship\": \"The investor receives the rights defined by the security, partnership and token documents. Direct title to particular bobbins, metres or kilograms exists only if those documents expressly create it.\",\n  \"closure_condition\": \"PERMANENT disambiguation loop. Active whenever token-holder rights are described in relation to the underlying wire.\",\n  \"do_not_publish\": [\n    \"\\\"Each ALKN token = X metres of nickel wire\\\"\",\n    \"\\\"Each ALKN token = X grams / kg of nickel\\\"\",\n    \"\\\"Token holders own the wire directly\\\"\",\n    \"\\\"Direct title to the metal\\\" (unless documents expressly create direct title)\"\n  ],\n  \"linked_loops\": [\n    \"rwa-legal-bridge\",\n    \"security-classification\"\n  ],\n  \"status\": \"OPEN\",\n  \"effective_date\": \"2026-09-17\"\n}"
    }
  ]
}