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#851Declined Pull Request6.2M CC requested

Proposal: PagFinance Fiat Connector for Canton

straucoin21-09-2026Last activity 9d ago
financial-workflows-composabilityneeds-champion
References:CIP-0056

Development Fund Proposal Submission

Proposal file:
proposals/2026-09-PagFinance-fiat-connector.md

Applicant

Organization: PagFinance

Author / Primary Contact: Andre Straube, Founder & CEO, PagFinance

Champion: Needs Champion

Proposal Classification

Proposal Type:

  • RFP-aligned proposal
  • Individual initiative

RFP / Roadmap Area:
Financial Markets, Standards & Verification, RFP 13 (Payments and DeFi)

Label: financial-workflows-composability

Funding & Timeline

Total Funding Request:
6,200,000 CC

Project Duration:
6 months for Milestones 1 to 4, plus a performance-based adoption bounty (Milestone 5) running up to 12 months after Milestone 4

Maximum Amount: N/A

Maximum Duration: N/A

Summary

Canton has no reusable reference for connecting on-ledger token settlement to a genuinely off-ledger bank rail in either direction. Every team wanting a fiat corridor backed by an actual rail, rather than a tokenized proxy for one, starts from zero.

This proposal delivers an open-source, rail-agnostic fiat connector built on CIP-0056: Daml escrow templates, an off-ledger connector with a documented rail-adapter interface, and an integration blueprint, all Apache-2.0. It is proven on the first BRL corridor on the network, settled over PIX, running both off-ramp and on-ramp.

The ecosystem value is a repeatable bidirectional pattern any participant can fork for MXN over SPEI, USD over ACH, or EUR over SEPA by writing only a rail adapter, plus Canton's first connection to a market of 180 million PIX users.

Submission Checklist

  • Full proposal file is included in this PR
  • Organization and primary contact identified
  • Champion identified or Needs Champion selected
  • RFP / roadmap alignment identified, if applicable
  • Total funding request provided
  • Project duration provided
  • Proposal is within any RFP maximum amount
  • Proposal is within any RFP maximum duration
  • Milestones and milestone funding are defined in the proposal
  • Acceptance criteria are based on ecosystem value
  • Architectural alignment is addressed
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