Unlock onchain liquidity from real-world assets
Use verified real-world assets to access secure onchain credit without selling them. Property, allocated bullion and listed securities become a USDC credit facility, underwritten by a real credit process and settled onchain.
Connecting a wallet only signs a message. It never triggers a transaction or costs gas.
- Borrowing currency
- USDC
- Collateral classes
- Property · Gold · Securities
- Capital control
- Smart Credit Account
- Recovery
- Onchain + offchain
Supported collateral
Each asset class carries its own policy
Haircut, maximum LTV, liquidation threshold and valuation validity are set per class and enforced both offchain and onchain. A strong credit score can never unlock more than the asset class permits.
| Asset class | Haircut | Max LTV | Liquidation threshold | Valuation window |
|---|---|---|---|---|
 Real estate Commercial · warehouse · land · apartment | 20% | 35% | 50% | 365 days |
 Gold Allocated bullion · certified bars in custody | 8% | 70% | 80% | 30 days |
 Listed securities Public equities · government securities · bonds | 15% | 50% | 65% | 7 days |
Invoice receivables, private equity, equipment, vehicles, commodities, art and tokenised funds are supported by the asset-class system and enabled as their risk policies are approved.
How it works
A real credit process, settled onchain
Verify identity
KYC or KYB through a pluggable provider. Compliance reviews AML flags and ownership documentation first.
Submit the asset
Upload title, ownership and custody documents. They stay in private storage — only a SHA-256 digest is anchored onchain.
Independent appraisal
An accredited appraiser submits a versioned valuation with a validity window. History is never overwritten.
Legal perfection
A legal reviewer records the security instrument, registry reference and ranking, then confirms perfection.
Risk and credit decision
The RWA credit score drives a recommended LTV and APR. The committee approves a limit within asset-class policy.
Draw, trade, repay
Borrowed USDC lands in an isolated Smart Credit Account. Trade allowlisted markets, watch the health factor, repay any time.
Smart credit accounts
Borrowed capital stays inside the protocol
Drawn USDC never lands in an arbitrary wallet. It goes into an isolated Smart Credit Account that can only interact with allowlisted tokens, approved venues and registered trading adapters.
There is no borrower-controlled arbitrary call. Value leaves through exactly two paths: a trade through an allowlisted adapter, or a withdrawal the protocol has verified keeps the health factor above the required minimum.
What the account permits
- ✓TradeRegistered adapters, allowlisted tokens, slippage and deadline enforced
- ✓RepayAlways available — no circuit breaker gates repayment
- ✓WithdrawOnly eligible equity, only above the withdrawal health factor
What it refuses
- ✕Arbitrary callsNo execute / call / delegatecall entry point exists
- ✕Unrestricted transfersPrincipal cannot be sent to an arbitrary wallet
- ✕Unlimited approvalsExact-amount approvals, reset in the same transaction
Institutional risk management
One health factor, computed the same way everywhere
The same arithmetic runs in the smart contract, the API and the dashboard, so what you see is what the chain enforces. A stale appraisal applies a discount and blocks new borrowing — it never on its own makes an asset worthless or triggers liquidation.
Health bands
Thresholds are configurable per facility and per protocol policy.
Security
Designed so the failure modes are the boring ones
Role separation
Nine offchain roles and eight onchain roles, with production custody documented per role.
Granular circuit breakers
Borrowing, trading, withdrawals and adapters pause independently. Repayment never pauses.
Document privacy
Documents live in private storage. Only a SHA-256 digest may be anchored onchain.
Replay protection
EIP-712 valuation attestations carry a per-appraiser nonce; sign-in nonces are single-use.
Adapters are untrusted
The account re-reads its own balances after every swap instead of trusting the venue.
Double-sided recovery
Liquid assets deleverage onchain; RWA enforcement is a tracked offchain process.
For asset owners
Liquidity without a sale
Keep the asset, keep the upside, and access USDC against it. Pledge property, allocated bullion or listed securities and draw only what you need, when you need it.
For capital providers
Secured, transparent lending
An ERC-4626 vault with deposit, utilisation and minimum-liquidity caps. Every loan is secured by perfected collateral and monitored by a health factor the chain enforces.