Phase 1 · Foundation
Setting the table.
2026
The organizational, legal, and intellectual foundations of the project.
- Publish PAPER Protocol whitepaper v1.0
- Incorporate Softseco sp. z o.o. in Poland
- Apply to Solana Foundation, Superteam, PARP, EU funding
- Release open-source SDK (TypeScript & Rust, MIT)
- Build brand & developer community presence
- Begin informal pre-engagement with KNF
Phase 2 · Development
Working protocol on devnet.
2027
Build the protocol, get it audited, and open the regulatory dialogue.
- Anchor program suite on Solana devnet
- Confidential Transfer, IWR, TransferHook, Auditor Key live
- First security audit (single firm)
- Formal MiCA EMI pre-application with KNF
- Hire senior Rust/Anchor engineer (multisig signer)
- Hire first compliance officer
- Submit to NCBiR, EIC Accelerator, Eurostars
Phase 3 · Compliance
Authorization and final audits.
2028
Submit the EMI application and finalize all operational arrangements.
- Submit formal EMI application to KNF
- Final-form whitepaper, operational plan, capital proof
- Comprehensive multi-firm audits (non-overlapping methods)
- Custodian partnerships for Treasury tranche
- Institutional signer for 2-of-3 multisig confirmed
- Closed beta with partner-introduced users
- Banking relationships for fiat settlement (post-EMI)
Phase 4 · Mainnet Beta
eUSD goes live.
Q1–Q2 2029
Public availability for the first time, with deliberate operational caution.
- Mainnet deployment with USDC mint mechanism active
- Jupiter routing for eUSD liquidity
- Daily Proof-of-Reserves publication live
- SDK in production support form
- Initial IWR partner roster onboarded
- TVL caps for cautious bootstrap
Phase 5 · Scale
Expansion beyond Solana & USD.
2029+
Growing the product family and the geographic reach.
- Direct fiat on-ramps via licensed banking partners
- Launch eEUR by Softseco (EUR-denominated EMT)
- Activate Shielded Liquidity Vault on mainnet (if deferred)
- Multi-chain expansion: ETH L2s, Sui, Monad
- Expand IWR partner roster across EU passport area
- Institutional treasury services & B2B settlement APIs