Rail 0101
Compliance
Owned by Compliance
A counterparty wallet is submitted and screened. Profile, risk posture, and provenance are captured before anything moves. Nothing is minted against an unreviewed wallet.
Products · The rail and what it becomes
PASC. The first proposed product on the rail.
PASC is a USD-denominated token for controlled, institutional issuance — the first proposed product on the Pan-Africa rail. We are not there yet; here is exactly what we are building, and the controls that earn the right to build it.
The pain we are solving
We are not building
for the sake of building.
For thirty years, African value has settled somewhere else. Capital leaves the continent to clear, money moves slowly and expensively across borders, and every institution keeps its own ledger that no one else can fully verify.
That is the real pain. Not a missing app — a missing rail. A way for African value to move, settle, and be held on the continent, with a single record everyone can trust. PASC is our answer to that problem, built in the open and built to be verified.
We have a beautiful product on both sides of the track — the rail the institutions settle on, and the experience that reaches the person holding a phone. But the product is in service of the pain, never the other way around.
The Gulf hub · capital markets ahead of issuance
What PASC is being built to be
The first product
on the rail.
PASC is being built as the first proposed product on the Pan-Africa rail: a basket-aware, multi-chain token that lets value move between African currencies and across borders as cleanly as sending a message — reserved in Africa, recorded on chain, verifiable by anyone.
That is the destination. Today, PASC is a demonstration token — and we say so plainly, because the way you earn the right to settle a continent’s value is by proving every control in the open, long before any real value moves. The next section shows exactly where we are today against where we are going.
Everything described as the destination is forward-looking, reflects our current intent, and is subject to regulatory approval. We share it because educating everyone — partners, regulators, and the people we serve — on what we are building is how a source of truth is earned.
Where we are · where we are going
Two tracks,
nothing hidden.
For every capability, we show what is true today beside what we are building it to become. The gap between the two is the work — and we do not blur it.
Capability
Today
What we are building
What it settles
Today
A single USD-denominated demonstration token, minted and burned to prove the rail end to end.
What we are building
A basket-aware settlement layer spanning the currencies of African financial life — value moving between them as cleanly as a message.
Where it lives
Today
One public test network, so anyone can watch the controls work in the open.
What we are building
A multi-chain rail issued on Ethereum and Solana, reconciling many ledgers into one source of truth anyone can verify.
What backs it
Today
Nothing — the demonstration token has no value and is mint-and-burn only, by design.
What we are building
Full reserves intended to be held in Africa through a regulated trust, subject to regulatory approval, so the capital that backs African value stays on the continent.
Who it serves
Today
The institutions reviewing the rail today — proving the controls before a single unit of real value moves.
What we are building
Banks, businesses, and people across the continent — accelerating GDP growth, financial autonomy, and financial identity.
Honest today · ambitious tomorrow · verifiable throughout
How an issuance moves
Three rails.
Each owned, each recorded.
This is how we earn the right to settle real value: no single hand mints money. Every issuance travels through three accountable steps — compliance, review, issuance — each attributed to a role and written to the audit log.
Rail 0202
Review
Owned by Review
A separate reviewer works the queue and decides on the record. Approve, hold, or reject — each decision is attributed to a role and written to the audit log.
Rail 0303
Issuance
Owned by Treasury
Only a cleared wallet reaches issuance. Treasury mints or burns against the approved profile; the second request from a known counterparty preloads and settles in a fraction of the time.
One source of truth · verifiable on chain
What holds the rail up
Four controls,
bank-grade by design.
The same standards the banks and financial institutions we work with apply to their own rails — engineered in from the first line, not added at the end. This is the secret to trust; the rest is ours to build.
01
Auditable
Every administrative action — wallet review, issuance, burn — is written to an append-only audit log. Many ledgers; one source of truth anyone can verify on chain.
02
Governed
Roles are separated by design. The party that reviews a wallet is not the party that issues against it. Each step is owned, recorded, and reversible only on the record.
03
Reserves intended on-continent
The production token is being built to be fully reserved through a regulated trust, subject to regulatory approval — capital meant to stay on the continent. The current demonstration is mint-and-burn only, with no reserve and no value.
04
Compliance-led
Compliance runs ahead of issuance, not behind it. A wallet clears review before a single unit is minted, built to the standards of the banks and financial institutions we work with.
Pan-Africa is the infrastructure company behind the rail. It is not itself a bank and makes no claim to be licensed, regulated, or insured. Any partner’s regulatory status is that partner’s own and does not extend to Pan-Africa or the token; references to banks and financial institutions describe the standards we build to.
What PASC is designed to do
Built to move value,
not to earn it.
Clarity matters as much as ambition. Here are the attributes that define PASC — stated plainly, so partners and regulators alike know exactly what they are looking at. The legal classification is for counsel and regulators to determine.
Token attributes
Designed to move value, not to earn it.
PASC offers no yield. It is designed as a means of moving and settling value, not as an investment instrument. Holders are not promised a return and have no profit expectation from the token itself.
Reserve assets behind a future production token may earn yield; the token does not, and that yield does not flow to holders as a return on the token. We describe these attributes rather than asserting any legal classification.
The orchestration layer
Run by the banks, for their own services.
The orchestration layer that moves issuance through compliance, review, and treasury is operated by the banks and financial institutions for their own internal services — inside the operations they already run.
It is not a separate financial service Pan-Africa offers to the public, and not a separate activity Pan-Africa conducts. Pan-Africa builds the infrastructure; the institutions operate it within their own remit, under whatever regulatory status is their own.
This describes the attributes of PASC and the rail; it is positioning, not legal advice, and is not a conclusion about legal classification. Any classification rests with qualified counsel and the relevant regulators in each jurisdiction, and forward-looking statements about the production token are subject to regulatory approval and may change or not occur.
The market is already here
Sourced numbers · doors behind them
22.4M
Equity Group account holders, FY2025.
$205B
Sub-Saharan Africa on-chain value, Jul 2024 – Jun 2025.
52%
YoY growth in SSA on-chain value.
9
Currencies in the Pan-Africa basket. Demo: USD-denominated.
Source: Chainalysis, “Sub-Saharan Africa Crypto Adoption 2025”; Equity Group Holdings, FY2025 results.
Treasury & operations
Submit and track issuance requests for a wallet.
The Issuance Dashboard remembers wallets it has seen and preloads the profile so the second request from the same counterparty takes a fraction of the time.
Open issuance dashboard →Compliance & review
Review the queue. Decide on the record.
Wallet profiles, review queue, issuance ops, and an audit log of every administrative action — Supabase Auth gated, allow-listed.
Open issuance dashboard →