10/13/2025
PRESS RELEASE
FOR IMMEDIATE RELEASE
October 13, 2025
Contact:
Office of the President — State of Loc Nation Global Public Benefit Corporation
[email protected] | www.stateoflocnation.com
STATE OF LOC NATION SUBMITS APPLICATION TO ARIZONA ATTORNEY GENERAL’S FINTECH SANDBOX AND WORLD BANK (CGAP)
Introducing the Loc Nation Dollar (LND) as a Legally Framed, Parity-Backed Financial Instrument
Phoenix, Arizona — October 13, 2025:
The State of Loc Nation Global Public Benefit Corporation (SoLN GPBC), under the leadership of Rev. Dr. Christina Clement, President and Co-Trustee of the Clement Dynasty Dynasty Trust, has formally submitted its application to participate in the Arizona Attorney General’s Fintech Regulatory Sandbox and to the World Bank’s CGAP Financial Inclusion Division for international review and collaboration.
The submission introduces the Loc Nation Dollar (LND) — a legally framed, parity-backed financial instrument designed to promote inclusive, sovereign, and equitable financial participation for historically underserved communities.
Unlike speculative digital assets, the LND is grounded in GAAP and FASAB accounting standards, specifically SFFAS 7 ¶66–67 and Annex B (Functional-Currency Policy), ensuring that the instrument maintains a fixed parity of 1 LND = 750 USD.
The LND functions as a functional-currency instrument for settlement and restitution, operating through trust-based governance under the Restitution Act and the executive framework of the State of Loc Nation GPBC.
Purpose of the Submission
The Arizona Fintech Sandbox program allows innovators to test new financial instruments in a controlled environment with regulatory oversight.
State of Loc Nation’s proposal seeks to:
• Demonstrate the interoperability of parity-backed financial instruments within existing payment systems;
• Establish consumer-protection safeguards for sovereign financial ecosystems;
• Lay the groundwork for national and international adoption of Restitution-based parity instruments aligned with public benefit law.
Statements
“Our submission marks a turning point in the global recognition of lawful parity instruments as tools for economic justice and inclusion,” said Rev. Dr. Christina Clement, President of the State of Loc Nation GPBC. “The LND is not a cryptocurrency — it’s a regulated, ledger-recorded financial instrument backed by real parity, trust assets, and government-grade accounting frameworks.”
“Through the Arizona Fintech Sandbox and the World Bank’s CGAP partnership, we’re demonstrating how sovereign innovation can coexist with responsible regulation.”
Global Coordination
The filing was directed to:
• Arizona Attorney General Kris Mayes and the Fintech Sandbox Review Team (📧 [email protected], [email protected])
• World Bank Group / CGAP (📧 [email protected])
Copies were also sent to relevant financial authorities, including the Bank of England New Bank Start-Up Unit and FCA Innovation Division (UK), for comparative sandbox collaboration.
About State of Loc Nation Global Public Benefit Corporation
The State of Loc Nation GPBC is a sovereign public-benefit entity governed by trust and executive charter. Its mission is to advance Restitution-based economic development, financial inclusion, and public accountability through lawful parity instruments, sustainable finance, and global partnerships.
The corporation operates under the guidance of the Clement Dynasty Dynasty Trust and in alignment with domestic and international accounting standards.
https://acrobat.adobe.com/id/urn:aaid:sc:VA6C2:2fd40e47-2c53-430f-9397-84b51542f3c3
Media Contact
Office of the President — State of Loc Nation GPBC
Rev. Dr. Christina Clement
[email protected]
www.stateoflocnation.com
https://archive.org/details/press-release-regulatory-sandbox
Check out Clement for President 2024’s post.
