Foundation Phase
Setting the table.
Q2–Q4 2026
The organizational, legal, and intellectual foundations of the project.
- Publish PAPER Protocol whitepaper v2.0
- Incorporate Softseco sp. z o.o. in Poland
- Apply to Solana Foundation, Superteam and EU funding, and to PARP — whose Platformy startowe track requires the company to be registered in Eastern Poland
- Released: open-source Confidential Transfers SDK (TypeScript and Rust, Apache-2.0) and Sentinel
- Build brand & developer community presence
- Begin informal pre-engagement with KNF
Development Phase
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
Compliance Phase
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)
Mainnet Beta Launch
eUSD by Softseco enters public beta.
Q1–Q2 2029
Public availability for the first time, with deliberate operational caution.
- Mainnet deployment with fiat redemption at par and the 1:1 USDC route both 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
Scale Phase
Expansion beyond Solana & USD.
2029+
Growing the product family and the geographic reach.
- Widen fiat coverage: more banking partners, more local rails through licensed partners
- Launch eEUR by Softseco (EUR-denominated EMT)
- Activate the Shielded Liquidity Vault on mainnet (if its launch was deferred)
- Multi-chain expansion: ETH L2s, Sui, Monad
- Expand IWR partner roster across EU passport area
- Institutional treasury services & B2B settlement APIs