FINMA 06/2024 governance for a Swiss-franc stablecoin requires the bank, the compliance officer and a founders quorum to authorize mint and burn.
A flat threshold cannot express three specific parties, one itself a 2-of-3.
Nested Squads Protocol v4: the inner founders multisig's vault becomes a vote-only member of the outer governance multisig.
The vault-as-voter path was source-verified against Squads v4 before deploy.
Governance read back as approved by exactly the bank, compliance and the founders vault, then executed, landed end to end on chain, validated on testnet.