From the operator's notes on trying v1.6.1. An award's recipient may sit in
any holding, so a registry like well-known can certify an agent it doesn't
hold (say, after the agent pays it). A graduated org already held its own
root; now it is a holding of its own too: it and its subtree re-root under
it, it joins the Holdings list with its own tree and timeline, mines its
share and can be funded, and its parent's tree keeps a row for it that opens
it. Events that touch two holdings (a belt across them, a graduation) show in
both timelines, and the holding that acted gets the last-act credit.
Co-Authored-By: Claude Opus 5.5 <noreply@anthropic.com>
Claude-Session: https://claude.ai/code/session_01H4upF5LVwmPDDqrhdUfnXh
