🌙 Gulf · Regional PTSR Licensed Pathway · Shariah-CertifiedGulf's First
Yield-Bearing
Digital Currency
DRHM is a Gulf currency-pegged digital token backed by Gulf sovereign sukuk, certified gold, and real-world assets — delivering 8–14% APY to retail savers, SME treasuries, and institutional investors. All within the regional PTSR framework.
A Complete Financial Backbone
for the Gulf Digital Economy
DRHM is not just a stablecoin — it's a savings layer, a payments rail, a credit system, and a programmable money platform. All built within the regional regulatory framework.
Synthetic Digital Currency
DRHM is an ERC-20 token locally-pegged through a delta-neutral reserve strategy. Freely transferable, redeemable at par by KYB-cleared market makers, and regionally PTSR-aligned.
Yield-Bearing Savings
sDRHM is an ERC-4626 vault that distributes 8–14% APY daily via an appreciating exchange rate. Three vault tiers — Conservative, Balanced, and Aggressive — serve every risk appetite.
Gulf-Native Reserves
Backed by Gulf sovereign sukuk, certified tokenized gold, Gulf real estate tokens, and trade finance receivables. No global stablecoin can replicate this regionally-native reserve composition.
AI-Autonomous Treasury
A reinforcement-learning treasury agent rebalances across six yield streams every 15 minutes, maintaining a 3% APY floor in bear markets and optimising for maximum yield within governance bounds.
Shariah-Certified
A three-member AAOIFI-certified Shariah Supervisory Board reviews all yield mechanisms, collateral types, and smart contract logic quarterly. The SSB holds veto power over any non-compliant income stream.
Financial Identity
Every DRHM transaction builds a verifiable on-chain financial identity. The DRHM Score unlocks undercollateralised lending and BNPL credit — giving the region's 8.8M expatriates their first merit-based credit system.
A Once-in-a-Generation
Market Convergence
Regulatory clarity, government mandate, and global stablecoin adoption converging at exactly the moment DRHM launches.
Structural Tailwinds
Regional PTSR Framework
The regional Payment Token Services Regulation creates an explicit licensing pathway for digital currency issuers. Multiple issuers have already received approvals, with more in progress.
Government Digital Mandate
Gulf governments are targeting near-100% digital transactions within this decade. Regulators are actively mandating merchant acceptance of licensed digital currency stablecoins — the regulatory tailwind is already law.
Global Stablecoin Surge
Stablecoin settlement volumes surged 91% in 2025. Visa, Mastercard, Klarna, and Western Union are building on stablecoin rails. Stablecoins are no longer crypto-native.
US GENIUS Act Advantage
The US GENIUS Act (July 2025) prohibits yield-bearing fiat-backed stablecoins in America. This creates a structural competitive advantage for Gulf-domiciled protocol designs.
Addressable Market Sizing
Four Tokens.
Six Yield Streams. Infinite Use Cases.
A vertically integrated financial protocol — not just a stablecoin, but a complete programmable money ecosystem.
DRHMSynthetic Currency
ERC-20 token locally-pegged via a delta-neutral reserve strategy. Freely transferable, usable for payments, and redeemable at par by KYB-cleared market makers.
sDRHMFLAGSHIPYield-Bearing Savings
ERC-4626 vault distributing protocol revenue daily as an appreciating exchange rate. Three tiered strategies — Conservative (4–6%), Balanced (8–12%), Aggressive (14–22%).
Reserve Token
A money-market fund share representing a direct claim on the protocol's T-bill and sukuk pool. 4–5% APY, zero derivatives exposure. Designed for pension funds and family offices.
Governance Token
Governs protocol parameters including collateral types, reserve allocations, fee splits, and Shariah Board appointments. Staking DGT boosts sDRHM yield multipliers. Year 3 launch via VARA.
sDRHM Vault Strategies
Three independently deployed ERC-4626 vaults serving distinct user segments.
Conservative
Reserve: 95% Gulf sukuk + 5% certified gold
Target user: Retirees, school fee savers, shariah-compliant institutional funds
Balanced
Reserve: 80% sukuk + 10% perp hedge + 10% gold/trade finance
Target user: Gulf middle-income savers, SME treasuries, family offices
Aggressive
Reserve: 50% sukuk + 30% perp hedge + 20% RWA (RE + trade finance)
Target user: DeFi-native yield farmers, crypto funds, Pendle YT buyers
Six-Stream Yield Engine
Diversified, all-weather revenue — maintains positive yield even through severe bear market conditions.
Primary reserve: central bank-approved Gulf T-bills held via licensed custodians. Shariah-certified.
Delta-neutral ETH/BTC short on regulated venues. Historically 8–12% in bull cycles.
Certified gold tokens earn storage lease yield. Inflation-resistant, shariah-compliant.
Gulf SME invoice receivables via on-chain credit pools. 90-day locally-denominated instruments.
Gulf property rental income via regulated SPV tokens. 5–8% rental yield.
Excess stable reserves earn institutional rates from Gulf licensed banks.
When perpetual funding rates turn negative for 72+ consecutive hours, the AI treasury agent automatically shifts to sukuk and gold positions — maintaining a guaranteed minimum 3% APY floor for all sDRHM holders regardless of market conditions.
Built for Every Gulf Resident
Eight integrated product features spanning DeFi, enterprise payroll, consumer credit, and mobile-first distribution.
Pendle Yield Tokenization
sDRHM is registered as a Standardized Yield token on Pendle Finance — enabling PT/YT splits with fixed maturity dates. Creates the first Gulf currency-denominated on-chain fixed-income instrument, unlocking pension funds and endowments.
- ✦Fixed-rate PT-sDRHM instruments
- ✦Leveraged yield via YT-sDRHM
- ✦30/90/180/365-day yield curve
- ✦Pendle $7B+ TVL ecosystem access
Programmable Money Flows
The PaymentRouter contract enables smart contract-defined payment automation. Treasury sweeps, milestone payroll, recurring remittances, and time-locked savings — all configurable, all automated.
- ✦Automated overnight sDRHM yield sweeps
- ✦GPS-verified milestone payroll
- ✦Recurring remittance scheduler
- ✦Time-locked savings at enhanced APY
DRHM-Native BNPL
sDRHM holders access buy-now-pay-later credit at participating merchants. No regional credit bureau check required — accessible to 8.8M Gulf expatriates with thin credit files. sDRHM continues earning yield during the credit period.
- ✦Up to 90% of sDRHM balance as credit
- ✦12–18% APR, 1.5–3% merchant fee
- ✦Auto-liquidation at 105% LTV
- ✦No collections process
Family Savings Circles
DRHM's on-chain version of the rotating savings circle (known as chit fund, tandā, susu) eliminates the trust risk of offline ROSCAs while adding yield on waiting balances. 100M+ South Asian workers participate in ROSCAs.
- ✦5–20 members, configurable cycles
- ✦All queued funds earn sDRHM yield
- ✦Smart contract auto-distribution
- ✦WhatsApp/Telegram social layer
WhatsApp Integration
90%+ of Gulf blue-collar workers use WhatsApp as their primary financial channel. The DRHM WhatsApp Business API bot enables core financial actions — no app download required. Modelled on Kenya's M-Pesa.
- ✦Balance checks in any currency
- ✦Send DRHM to any Gulf mobile number
- ✦Instant remittance corridor transfers
- ✦Single-message sDRHM staking
WPS Employer Payroll
The regional Wage Protection System mandates electronic wages for 5M+ formal workers. DRHM payroll: sub-minute settlement, employees earn sDRHM yield from Day 1, built-in WPS compliance. One employer = 30–80K instant onboardings.
- ✦Sub-minute settlement vs 24–48hr banks
- ✦sDRHM yield from first paycheck
- ✦Full WPS compliance dashboard
- ✦50 largest Gulf employers targeted
Institutional-Grade
Smart Contract Architecture
A formally verified, AI-augmented protocol stack — triple-audited by Trail of Bits, Certora, and an independent firm.
Smart Contract Stack
Token contract with mint/burn restricted to MintRedeem V2. Pause function via 2-of-5 Protocol Council multisig. Upgradeable via Transparent Proxy with 48-hour timelock.
EIP-712 signed order verification, slippage enforcement, atomic collateral-in / DRHM-out. Handles three collateral types with type-specific oracle routing.
Three independently deployed vaults (Conservative, Balanced, Aggressive) with distinct reserve allocation parameters. Daily exchange rate update from yield oracle.
Chainlink local/USD + sukuk NAV + gold price + RWA property NAV feeds. Circuit breaker: mint/redeem paused if oracle deviation exceeds 0.5% from 30-min TWAP.
Optimised transfer contract for merchant, P2P, recurring, and conditional payments. Fee collection, referral splits, fiat off-ramp triggers, programmable flow scheduler.
Factory contract deploying individual savings circles. Handles contributions, sDRHM yield accrual, randomised/priority distribution, and defaulting member handling.
On-chain DRHM Score registry. ML model outputs stored as score hash. ZK credential generation interface. BNPL collateral lock/unlock logic. Undercollateralised loan origination.
LayerZero CCTP cross-chain messaging for DRHM on Polygon, Base, Arbitrum, BNB Chain. CBDC bridge interface prepared for regional Digital Currency launch.
AI & Autonomous Systems Layer
Three AI-powered systems operating continuously — benchmarked at 12.3% higher annualised returns versus manual treasury strategies (Q1 2026).
AI Treasury Agent
- ›RL model on AWS SageMaker regional infrastructure
- ›Monitors 5 exchanges + 3 oracle feeds every 15 minutes
- ›Rebalances across 6 yield streams within governance bounds
- ›Triggers automatic bear-market yield floor at 72hr negative funding
- ›All actions logged with full explainability audit trail
AI Risk Sentinel
- ›24/7 monitoring across on-chain and off-chain data
- ›Oracle manipulation detection: auto-pause at 0.3% currency deviation
- ›Run-risk alerts: flags 5× volume spikes within 1-hour windows
- ›Exchange health monitoring: margin, latency, liquidation risk
- ›30-second alert escalation to Protocol Council
DRHM Credit Score (Yr 3)
- ›ML model trained on anonymised transaction data
- ›Monthly score updates with differential privacy
- ›Unlocks undercollateralised lending at 70% collateral ratio
- ›ZK credential export via zkMe infrastructure
- ›Zero-knowledge proofs shareable with banks, landlords, employers
Triple-Audited Security
Formal verification by Certora, independent review by Trail of Bits, and a $5M continuous bug bounty program.
Four Phases to
Full GCC Ecosystem
18 integrated enhancements sequenced across four phases — each capability built on a stable regulatory and technical foundation.
Five-Year Financial Projection
Breakeven at Month 14 (700M supply). EBITDA expansion driven by BNPL, identity credentials, and whitelabel licensing compounding on the yield and payments base.