2020–2025

Bakong

One of the world's first production CBDCs, built for the National Bank of Cambodia

Bakong mobile app

Bakong, launched in 2020 by the National Bank of Cambodia, is one of the world's first production-grade central bank digital currencies. It runs on Hyperledger Iroha, an open-source blockchain framework that Soramitsu originally created and contributed to the Linux Foundation.

RoleHead of Design & Brand → Chief Design Officer
ClientNational Bank of Cambodia
CompanySoramitsu
Timeline2020–2025
PlatformsiOS, Android
ScopeDesign Leadership, Brand Stewardship, UX Oversight, Visual Communications, Video Production, PR & Content

Context

Soramitsu isn't a typical fintech startup. It's the company that built Cambodia's national payment system.

NHK WORLD Japan, Asia Insight: A Country Goes Digital, Cambodia (Originally aired on Sep 8 2023)

By 2025, Bakong had surpassed 11 million users and was processing over $500 million in daily transactions, with cross-border QR payment integrations spanning Vietnam, Thailand, Malaysia, Laos, and China (via Alipay+).

Bakong payments growth chart 2025
The National Bank of Cambodia’s mid-year 2025 report shows 303 million transactions in Khmer riel and 240 million in US dollars in the first half of 2025, roughly double the volumes in the same period of 2024. Total value reached KHR 129 trillion (about US $32 billion) in riel and about US $69 billion in dollars.

My Role

I joined Soramitsu in February 2020 as Head of Design and Brand, the same year Bakong launched. On the enterprise side of the company, my work centered on design quality, UX strategy, brand consistency, and visual communications: product videos, press materials, conference collateral, and stakeholder presentations for an audience that ranged from central bank governors to rural merchants.

Bakong became the benchmark for every CBDC deployment that followed. As Soramitsu's portfolio expanded to Laos, the Solomon Islands, Papua New Guinea, and Palau, the lessons from Bakong fed into the Superwallet initiative: a multi-brand design system and modular wallet framework that let new national wallets be built from a shared foundation rather than from scratch.

Impact

11M+ usersand over $500 million in daily transaction volume by 2025.
30M+ wallets, ~2x YoY growth in transaction volumeone of the most successful CBDC deployments in the world.
Cross-border QR paymentslive integrations with Vietnam, Thailand, Malaysia, Laos, and China via Alipay+.
Nikkei Asia Award 2021 for Financial Inclusionawarded to the National Bank of Cambodia for Bakong.
Award-winning portfolioCentral Bank CBDC Partner of the Year (2020), Japan Financial Innovation Award (JFA 2021), MAS Global CBDC Challenge Finalist (2021).
Soramitsu awards

Reflections

This work sits in a different category from most consumer product design. The "users" include central bank governors, and the "product" is a country's financial sovereignty.

What I learned: Trust is the product. And the best technology disappears. A merchant in Phnom Penh never thinks about Hyperledger Iroha. They just interact with their money.