The platform and compliance architecture are already built and tested. What remains is the statutory framework — Operating Agreement, DRO activation, and regulatory integration. Once Government gives the green light, a pilot of the first 100 applicants can begin immediately, with revenue flowing to Treasury from the earliest stage.
Cabinet endorsement on 1 May 2026 opens the implementation window. We are not asking for Bill passage on the day — we are asking for political alignment on scope, negotiation authority, host Ministry, and timeline.
Once the Operating Agreement is in place, the programme is operational. The platform is ready — the first 100 applicants enter the full three-tier gate under live conditions, generating revenue from day one of the pilot.
The first 100 applicants have been processed. Real operational data validates compliance workflows, confirms revenue mechanics, and builds institutional confidence across DRO, FIU, and FCB.
With the pilot proven and systems validated, expand intake at a pace Government is comfortable with. Revenue has been flowing since the pilot — this phase scales it.
Open public intake and global communications. Ramp applicant volume against proven operational infrastructure.
Under §5(1)(b) Minister's regulation, IBC registration activates alongside the MDRP ecosystem — allowing Digital Residents to form Montserrat IBCs from within the MID wallet environment. Expected take-up: ~45% of new MID applicants.
A Cabinet-visible review at Year 1 close: revenue vs projection, IBC activation outcomes (Q3 2026 launch), compliance outcomes, operational performance, and — if warranted — the Year-2 stablecoin extension decision package for Cabinet to consider separately (see Stablecoin & Payments Financial Model for details).
Following positive Year-1 review, launch the Year-2 stablecoin payments extension — a regulated XCD-denominated payment token under §5(1)(b). ECCB consultation, FSC licensing, custodian/audit selection run parallel to Year-1 operations to compress the launch window. Full detail in the Stablecoin & Payments Financial Model.