Research

Discussion papers for regulated financial experimentation.

We publish practical concept papers to move conversations from broad technology narratives into concrete institutional questions: who performs each role, what evidence is required, when settlement is final, what the customer legally owns, how the system reconciles, and what a pilot must prove.

Discussion brief Discussion brief · August 2026

Pakistan Digital Financial Infrastructure

An overview of two separate proposals exploring how modern digital-asset infrastructure could help Pakistan attract and retain more foreign currency through regulated financial structures. The brief explains the shared design principles, distinct objectives and potential strategic convergence of the two initiatives.

Download program overview The entry point into the program. Read this before the two proposals below.

PROGRAMMABLE REMITTANCE ORCHESTRATION

For Pakistan
Version 2.4

Stacks Asia
DLT Foundation
August 2026

Discussion Paper Version 2.4 · August 2026 Stakeholder discussion

Programmable Remittance Orchestration for Pakistan

A regulated architecture for a standardized, asset-neutral digital-dollar inbound interface, settling foreign currency through approved banking channels and delivering ordinary PKR through Raast. The paper focuses on multi-party orchestration, signed institutional evidence, conditional settlement, batching, reconciliation and regulator visibility.

Subject to regulatory, legal and partner approval.

Download concept brief Download full paper

TOKENIZED ROSHAN ACCESS

For Pakistan
Version 1.1

Stacks Asia
DLT Foundation
August 2026

Discussion Paper Version 1.1 · August 2026 Stakeholder discussion

Tokenized Roshan Access for Pakistan

A proposed controlled digital-asset interface above the existing RDA and Pakistani investment ecosystem. The paper examines local UAE collection, Pakistan-side minting triggers, recognized backing, investment-position accounting, restricted digital units, wallet infrastructure, redemption, reconciliation and regulatory visibility.

Subject to regulatory, legal and partner approval.

Download concept brief Download full paper

Research disclaimer

These papers describe proposed technical and operating models for discussion. They do not assume regulatory approval, do not determine legal classification, and are not legal, tax or investment advice.

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Primary sources referenced

State Bank of Pakistan: Roshan Digital Accounts↗State Bank of Pakistan: Economic data↗Chainalysis: 2025 Global Crypto Adoption Index↗

Discussion papers for regulated financial experimentation.

Pakistan Digital Financial Infrastructure

Programmable Remittance Orchestration for Pakistan

Tokenized Roshan Access for Pakistan

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