A kina stablecoin for rural commerce — built in the open, one milestone at a time.
Today: PNGx and Invest Antap give each BM ID a non-custodial Solana wallet (keys split, BM cannot spend). Next: a proof-of-concept kina-backed stablecoin, designed for review with the Bank of PNG, then on-chain settlement for the BM wallet and the kiosk network. Every stage ships as open source with public metrics.
Read: why a K2 voucher needs sub-toea settlement
A K2 Wi-Fi voucher cannot carry a K0.25 bank fee. Sub-cent settlement is the whole model.
The deepest stablecoin rails for a country whose diaspora sends money home from Australia and New Zealand.
Phone-number login with split keys works for first-time smartphone users on any Android.
Milestones
- M1 · PNGx on mainnet
Kina on-ramp live, self-custody wallets, first verified traders. Budget K.
- M2 · Invest Antap
Protected and lending pots, Tok Pisin, deposit caps under BPNG sandbox. Budget K.
- M3 · Kina stablecoin PoC
Reserve model, issuance contract, regulator review with the Bank of PNG. Budget K.
- M4 · Kiosks on-chain
Voucher metering and operator/agent revenue split settled on Solana at two live sites. Budget K.
Quarters and budgets are published once the programme plan is signed off. Nothing on this page is a commitment to a regulator or a funder until it appears in a signed document.
What is on-chain today, honestly
Not yet in public use. PNGx is in build and Invest Antap is in design. No customer funds are on-chain and no stablecoin has been issued.
The wallet model is settled. Each BM ID gets a non-custodial Solana wallet with split keys: the user's phone login releases one share, BM's service holds another, and neither side can spend alone. There is no seed phrase to lose.
The kina wallet stays regulated e-money. Blockchain Melanesia is working with the Bank of PNG to secure its e-money licence for the BM wallet. The stablecoin proof-of-concept will be put to the Bank for review — built with the regulator in view, not around it.
Products
Buy & sell crypto with kina, self-custody
Putim moni antap — savings pots on Solana
Links
- Source code
Repositories open as each milestone ships.
Coming - Public metrics
Kina settled through BM Pay, published live from BM Dash.
Live metrics - Solana
The network we build on.
solana.com