Sovereign token wallet for a provincial government
A private-blockchain wallet that turns a public incentive program into USD-pegged digital tokens — built and shipped in five months.
View the full case studyThe challenge
The Government of the Province of San Luis, Argentina had run a successful student graduation-incentive program since 2010, offering a financial award to every student who earned their high-school diploma. It worked: provincial graduation rates climbed roughly 20%, positioning San Luis above the national average.
The Volkom approach
Volkom created Billetera Activa, a private-blockchain platform that replaces paper graduation certificates with digital tokens backed 1:1 by the U.S. dollar. Because the tokens are USD-pegged, their value is preserved regardless of peso devaluation — whether a student redeems immediately after graduation or saves for months.
Outcomes at launch
- 100%Eligible recipients created and verified accounts
- 84%Of issued tokens were actively redeemed
- 25%Voluntarily chose to save rather than cash out
- 100%Security, fraud-detection & compliance objectives met