diff --git a/crates/maestro-daemon/src/jwt.rs b/crates/maestro-daemon/src/jwt.rs
index 5a812db..2e5c5bd 100644
--- a/crates/maestro-daemon/src/jwt.rs
+++ b/crates/maestro-daemon/src/jwt.rs
@@ -6,7 +6,7 @@ use std::collections::HashSet;
 use std::sync::{Arc, RwLock};
 
 use jsonwebtoken::{decode, encode, Algorithm, DecodingKey, EncodingKey, Header, Validation};
-use maestro_protocol::{JwtClaims, PairAttachClaims};
+use maestro_protocol::{JwtClaims, PairAttachClaims, REGISTRY_ISSUER};
 use uuid::Uuid;
 
 #[derive(Debug, thiserror::Error)]
@@ -130,6 +130,10 @@ impl PairAttachVerifier {
         // Require explicit audience match — the jsonwebtoken crate validates
         // `aud` against this set on decode.
         validation.set_audience(&[self.daemon_id.as_str()]);
+        // Bind to the registry issuer so a differently-purposed token signed
+        // with the same shared secret (e.g. an auth cookie) can't validate as a
+        // pair-attach credential (NAP-266).
+        validation.set_issuer(&[REGISTRY_ISSUER]);
         let data = decode::<PairAttachClaims>(token, &self.decoding, &validation)?;
         let claims = data.claims;
         if claims.aud != self.daemon_id {
@@ -211,7 +215,7 @@ mod tests {
 
     fn pair_claims(home: &str, target: &str, sid: Uuid, valid_seconds: i64) -> PairAttachClaims {
         PairAttachClaims {
-            iss: "registry".into(),
+            iss: REGISTRY_ISSUER.into(),
             sub: home.into(),
             aud: target.into(),
             sid,
@@ -268,6 +272,20 @@ mod tests {
         assert!(v.verify(&token, sid).is_err());
     }
 
+    #[test]
+    fn pair_verifier_rejects_foreign_issuer() {
+        // NAP-266: a token signed with the right secret but a non-registry
+        // `iss` (e.g. minted for some other purpose) must not validate as a
+        // pair-attach credential.
+        let secret = "s";
+        let v = PairAttachVerifier::new(secret, "konishi", ["laptop".into()]);
+        let sid = Uuid::new_v4();
+        let mut claims = pair_claims("laptop", "konishi", sid, 60);
+        claims.iss = "somebody-else".into();
+        let token = issue_pair(secret, &claims);
+        assert!(v.verify(&token, sid).is_err());
+    }
+
     #[test]
     fn pair_verifier_rejects_session_id_mismatch() {
         let secret = "s";
diff --git a/crates/maestro-protocol/src/lib.rs b/crates/maestro-protocol/src/lib.rs
index 870fb54..8191ea8 100644
--- a/crates/maestro-protocol/src/lib.rs
+++ b/crates/maestro-protocol/src/lib.rs
@@ -372,6 +372,12 @@ pub struct JwtClaims {
     pub iat: Option<i64>,
 }
 
+/// `iss` claim baked into every registry-issued JWT (pair-attach credentials
+/// and auth cookies alike). Verifiers bind to it so a token minted for one
+/// purpose can't be replayed as another even though both share the signing
+/// secret (NAP-266).
+pub const REGISTRY_ISSUER: &str = "maestro-registry";
+
 /// Pair-scoped attach credential. Issued by the registry inside
 /// [`AttachCandidates::jwt`]; verified by the target daemon for direct
 /// transports (T1/T2) and gated by `allow_inbound` after JWT verification.
diff --git a/crates/maestro-registry/src/auth.rs b/crates/maestro-registry/src/auth.rs
index 31d5aa4..72a2534 100644
--- a/crates/maestro-registry/src/auth.rs
+++ b/crates/maestro-registry/src/auth.rs
@@ -25,6 +25,7 @@ use axum::middleware::Next;
 use axum::response::{IntoResponse, Response};
 use chrono::{Duration, Utc};
 use jsonwebtoken::{decode, encode, Algorithm, DecodingKey, EncodingKey, Header, Validation};
+use maestro_protocol::REGISTRY_ISSUER;
 use serde::{Deserialize, Serialize};
 
 /// Name of the auth cookie surfaced to web clients.
@@ -34,8 +35,18 @@ pub const COOKIE_NAME: &str = "maestro_session";
 /// short enough to bound the blast radius if the secret rotates.
 const COOKIE_TTL_DAYS: i64 = 30;
 
+/// `aud` claim that distinguishes a registry auth cookie from every other
+/// registry-signed JWT (pair-attach credentials carry a daemon-id audience).
+/// Verifiers bind to it so a token minted for another purpose can't be replayed
+/// as a cookie even though both share the signing secret (NAP-266).
+const COOKIE_AUDIENCE: &str = "maestro-cookie";
+
 #[derive(Debug, Clone, Serialize, Deserialize)]
 struct CookieClaims {
+    /// Issuer — always [`REGISTRY_ISSUER`].
+    iss: String,
+    /// Audience — always [`COOKIE_AUDIENCE`].
+    aud: String,
     /// Subject — currently always `"client"` because this is single-user.
     sub: String,
     exp: i64,
@@ -46,6 +57,8 @@ struct CookieClaims {
 pub fn issue_cookie(secret: &str) -> String {
     let now = Utc::now();
     let claims = CookieClaims {
+        iss: REGISTRY_ISSUER.into(),
+        aud: COOKIE_AUDIENCE.into(),
         sub: "client".into(),
         iat: now.timestamp(),
         exp: (now + Duration::days(COOKIE_TTL_DAYS)).timestamp(),
@@ -55,10 +68,14 @@ pub fn issue_cookie(secret: &str) -> String {
     encode(&header, &claims, &key).expect("encode auth cookie")
 }
 
-/// Returns true if `value` is a JWT validly signed by `secret`.
+/// Returns true if `value` is a JWT validly signed by `secret` *and* bound to
+/// this cookie's issuer + audience — so a pair-attach JWT (same secret,
+/// different `aud`) is rejected here (NAP-266).
 pub fn verify_cookie(secret: &str, value: &str) -> bool {
     let key = DecodingKey::from_secret(secret.as_bytes());
-    let validation = Validation::new(Algorithm::HS256);
+    let mut validation = Validation::new(Algorithm::HS256);
+    validation.set_issuer(&[REGISTRY_ISSUER]);
+    validation.set_audience(&[COOKIE_AUDIENCE]);
     decode::<CookieClaims>(value, &key, &validation).is_ok()
 }
 
@@ -144,6 +161,20 @@ mod tests {
         assert!(!verify_cookie("different-secret", &value));
     }
 
+    /// NAP-266: a pair-attach JWT is signed with the same shared secret but is
+    /// bound to a daemon-id audience, so it must NOT validate as an auth cookie.
+    #[test]
+    fn verify_cookie_rejects_pair_attach_jwt() {
+        let secret = "shared-secret-bbbb";
+        let pair =
+            crate::jwt::issue_pair_attach_jwt(secret, "laptop", "konishi", uuid::Uuid::new_v4())
+                .expect("issue pair jwt");
+        assert!(
+            !verify_cookie(secret, &pair),
+            "a pair-attach JWT must not be accepted as an auth cookie"
+        );
+    }
+
     #[test]
     fn extract_cookie_finds_named_value() {
         let h = "foo=1; maestro_session=abc.def.ghi; bar=2";
diff --git a/crates/maestro-registry/src/jwt.rs b/crates/maestro-registry/src/jwt.rs
index d96c8af..73b26c0 100644
--- a/crates/maestro-registry/src/jwt.rs
+++ b/crates/maestro-registry/src/jwt.rs
@@ -14,9 +14,9 @@ pub const ATTACH_JWT_TTL: Duration = Duration::minutes(5);
 /// Pair-scoped attach JWT TTL — short-lived per the connection-orchestration
 /// spec (60 s default; ample window for the home daemon to dial T2).
 pub const PAIR_ATTACH_JWT_TTL: Duration = Duration::seconds(60);
-/// `iss` claim baked into every registry-issued pair JWT. Plain string for
-/// now — once the registry gets a per-instance identity, plumb that in here.
-pub const REGISTRY_ISSUER: &str = "maestro-registry";
+/// `iss` claim baked into every registry-issued pair JWT. Canonical value
+/// lives in `maestro-protocol` so issuers and verifiers can't drift (NAP-266).
+pub use maestro_protocol::REGISTRY_ISSUER;
 
 /// Mint a short-lived attach JWT for `(daemon_id, session_id)`.
 pub fn issue_attach_jwt(