I guess that the path of this will lead to actual Bitcoin paper wallets, in a way or another. "Physical Bitcoin".
Those can have holograms protecting the actual bitcoins (or, for better use, some mBTC indeed).
There is a small trust issue, but as long as the issuer is OKay and the seal is not broken, there you are, you have your "offline" Bitcoin
Of course, you will not get change back from your transaction, which may be a problem, and your transactions will stay off chain (at least until the seal is broken) since you transfer the ownership to a wallet, not the actual Bitcoin.
...And I started with "I don't think it's possible" LOL! Never say never.
I think that this is the approach as close as possible to what you need.