Government-Backed Digital Currency

The Future of Digital Finance in the UAE

A government-backed cryptocurrency designed for secure, instant transactions and real-world commerce across the Emirates.

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The Problem

Cross-Border Payments Are Broken

The global transfer system was built in the 1970s. It still relies on batch processing, correspondent banks, and days of waiting. Every year, billions are lost to fees, delays, and locked capital.

0 days Average settlement International wire transfers take 2–5 business days to clear

Up to 0% Total fees Sending + receiving + intermediary + foreign exchange costs

0h+ Capital locked Your money is unavailable while it sits between banks

Why it's still this way

Too many intermediaries

A single transfer can pass through 3–4 correspondent banks, each adding fees and delays.

No real-time settlement

Banks process transfers in batches — your money waits in a queue, not on a network.

Unpredictable costs

Total fees are often unknown until the transfer completes. FX margins are hidden.

Business hours only

International transfers stop on weekends and holidays. Global commerce doesn't.

Why BAKCoin

Built for Real Commerce

A government-backed digital currency designed for speed, transparency, and real-world use across the UAE and beyond.

< 2s Settlement Near-instant transaction confirmation

~0.001 BAK per transfer Fixed fee, fully transparent

UAE Government backed BAK Nova official partnership

Performance Comparison

Traditional Banking

BAKCoin

Technology

How It Works

From sending to settlement in under 2 seconds — no banks, no intermediaries, no delays.

You Send

Initiate a transfer from the app, web dashboard, or merchant SDK. Available around the clock — no business hours, no waiting.

Network Confirms

7 independent institutional validators across the UAE verify and approve the transaction in real time.

Settled On-Chain

Funds arrive. The transaction is final, immutable, and permanently recorded on the blockchain.

Security

Your funds, protected at every layer.

82% of all assets are held in air-gapped cold storage, requiring multiple institutional signatures to access. The remaining funds are split between warm and hot wallets for daily operations — each protected by hardware security modules and automatic key rotation.

82%

in cold storage

Transparency

Every transaction is verifiable.

A double-entry ledger records every movement with append-only entries that sum to zero. The blockchain serves as an immutable audit trail — reconciled every block, accessible to regulators, and open for verification at any time.

hidden fees

Compliance

Regulated from day one.

BAKCoin is built within the frameworks of VARA and SCA — the UAE's virtual asset regulators. Full KYC/AML integration with Jumio and Chainalysis, UAE Pass identity verification, and direct government oversight ensure institutional-grade compliance.

VARA

& SCA compliant

Specifications

Consensus Proof of Authority

Block Time ~2 seconds

Transaction Fee ~0.001 BAK

Validators 7 institutional nodes

Availability 24 / 7 / 365

Uptime Target 99.99%

Use Cases

Who Benefits

Whether you're building a business, investing, or relocating to the UAE — BAKCoin replaces the friction of traditional banking.

Entrepreneurs

Lower costs, instant payments, and direct access to UAE government services.

Accept payments globally with near-instant settlement
Save on visa renewals and business licenses with BAKCoin discounts
Zero chargebacks — transactions are final and on-chain

Investors

Government-backed stability with early access to UAE's digital economy.

Backed by BAK Nova Government Transactions Center LLC
Transparent tokenomics and governance framework
Portfolio diversification beyond speculative assets

Professionals

Relocate to the UAE with less friction. Get paid, send money, pay for services — all cheaper.

Immigration and documentation discounts when paying in BAK
Instant remittances at a fraction of traditional costs
Receive salary and spend directly on government services

UAE Businesses

VARA-compliant digital payments integrated with government systems from day one.

B2B payments settled in seconds, not days
Direct integration with UAE government services
Volume-based discounts for high-frequency transfers

Government Program

Pay Less for Government Services

When you pay with BAKCoin, the UAE government can pass on savings from lower processing costs. Blockchain settlement is cheaper than traditional banking — those savings become your discount.

You pay in BAK

Use BAKCoin to pay for any eligible government service instead of traditional payment methods.

Government saves

Blockchain processing costs a fraction of what banks charge — no intermediaries, no clearing delays.

You get a discount

The government passes part of those savings back to you as a direct reduction on the service fee.

Eligible Services

Visa Issuance & Renewal

Tourist, residence, and employment visas — new applications and renewals.

Business Licenses

Trade licenses, commercial permits, and free zone registrations.

Official Documentation

Attestation, legalization, and government-issued certificates.

Administrative Services

Fines, fees, and other government service charges across UAE departments.

This is possible because blockchain settlement eliminates intermediary banks, clearing houses, and manual reconciliation — reducing the government's processing costs by orders of magnitude.

Partnership

Two Continents, One Mission

BAKCoin is built on the partnership between a UAE government transactions center and a Brazilian technology company — institutional authority meets technical execution.

BAK Nova

Government Transactions Center LLC — Dubai, UAE

The institutional anchor of BAKCoin. BAK Nova provides the government liaison, regulatory compliance, and operational infrastructure needed to operate within the UAE's financial ecosystem.

Government relations & institutional integration

Regulatory compliance with VARA and SCA

Local operations and banking partnerships

Public sector adoption strategy

Torccia

Technology Partner — Brazil

The technical engine behind BAKCoin. Torccia is responsible for designing, building, and maintaining the entire technology stack — from blockchain to exchange to end-user applications.

Blockchain architecture & smart contracts

Exchange platform & matching engine

Wallet infrastructure & security engineering

API development & system integrations

UAE

Institutional Authority

Government backing, regulatory access, and banking infrastructure.

Combined

Shared governance, aligned incentives, and operational continuity.

Technical Execution

Blockchain engineering, security systems, and platform development.

Team

Technical Skill and Execution

Each area of the team exists out of operational necessity. Nothing is decorative. Nothing is symbolic.

In addition to the initial technical and strategic team, Torccia will have a physical office in operation, functioning as the administrative, technical, and institutional center of the project.

This office will be responsible for concentrating essential ecosystem activities, ensuring coordination, operational control, and continuity of operations.