Real-world returns. Verified on-chain.
Institutional-grade RWA infrastructure. Legal enforceability, cryptographic proof, and continuous risk monitoring — in one protocol.
The Problem
The distance between allocator and borrower is where risk hides.
Private credit AUM crossed $1.7 trillion, but most loan books are still monitored through quarterly PDF attestations. Between reports, conditions change, covenants breach, and capital sits exposed.
Verification Latency
A covenant breach in Month 1 may not surface until the Month 4 report. Rekord monitors continuously; time-to-action drops from months to minutes.
Return Opacity
Investors can't distinguish borrower repayment from recycled principal. The Clean Consolidated engine segregates principal from interest, making return provenance verifiable.
Enforcement Friction
Manual servicer tape reconciliation erodes net returns and slows remediation. Direct integrations with borrower financial systems make enforcement programmatic.
The Architecture
Legal enforceability meets cryptographic proof.
Assets are legally segregated and protected. Rekord's verification layer sits on top, anchoring collateral and enforcing covenants continuously.
The Legal Layer
| Protection | Mechanism |
|---|---|
| Bankruptcy Remoteness | Capital deployed through independent SPVs with institutional-grade legal protections. |
| Cash Flow Controls | Automated mechanisms ensure protocol priority over borrower cash flows. |
| Security Interests | All transactions secured by appropriate local jurisdiction filings. |
The Verification Layer
| Capability | Mechanism |
|---|---|
| Telemetry | API integrations into borrower financial systems. Continuous data feeds replace periodic reporting. |
| Anchoring | Legal agreements, appraisals, and policies hashed on-chain. Tamper-detectable audit trail. |
| Smart Covenants | Covenant ratios calculated programmatically. Breaches trigger automated protective measures. |
Core Capabilities
Operational Alpha.
Better infrastructure, better risk-adjusted returns.
Continuous Risk Monitoring
Automated collateral monitoring with programmatic solvency checks. A drop in value triggers immediate notifications and automated protective measures; time-to-action gap goes from months to minutes.
Cash Dominion & Return Provenance
Returns distributed only from realized cash flow. The Clean Consolidated engine segregates principal from interest revenue, preventing performance masking through principal recycling. Automated cash flow controls minimize diversion risk.
Audit-Ready Data Integrity
Every document, from loan agreement to latest financial statement, is cryptographically anchored. LPs conduct due diligence on the current state at any moment through the Proof Console.
Investment Strategies
Independent sleeves. Segregated collateral. Segregated liquidity.
Three independent strategies, each with segregated collateral pools, distinct risk parameters, and independent liquidity terms.
| Strategy | Sleeve A | Sleeve B | Sleeve C |
|---|---|---|---|
| Name | Senior Secured Receivables | Over-Collateralized Lending | Acquisition Finance |
| Thesis | Scaling capital for high-velocity fintech originators. | Liquidity for owners of investment-grade tangible assets. | Financing cash-flowing SMB acquisitions. |
| Underlying | Consumer loan portfolios, originator fees. | Investment-grade tangible assets (fine art, luxury automobiles). | SMB enterprise value. |
| Mechanism | Payment processor integrations with dynamic reserves that adjust on default and refund rates. | Conservative LTV against fair market value. Insured custody with protocol named Loss Payee. Live appraisal feeds. | All-asset lien. DSCR enforced via automated cash flow controls. |
| Liquidity | Monthly | Semi-Annual | Annual |
Sleeve configurations evolve as new opportunities are sourced and verified. Contact the capital markets desk for current parameters.
Risk Architecture
Checkable risk. Verifiable controls.
Every risk vector has a structural control and an independent verification method. You don't take our word for it; you check.
| Risk | Mitigation | Verification |
|---|---|---|
| Credit | Conservative LTV bands. | Continuous collateral monitoring via live appraisal feeds and Rekord telemetry. |
| Counterparty | Bankruptcy-remote SPVs with independent legal structure. | Bankruptcy-remoteness verified through independent legal opinion anchored on-chain. |
| Operational | Automated covenant monitoring with programmatic enforcement. | Smart covenants check ratios continuously; breaches are on-chain and timestamped. |
| Custody | Insured custody with protocol named Loss Payee. | Custody proof anchored on-chain; insurance certificates hashed and verifiable. |
Provable Finance for developers.
Off-chain data → on-chain verification. One API.
// GET /v1/pools/sleeve_b/collateral
{
"pool_id": "sleeve_b",
"collateral_status": "verified",
"custody_proof": "0x7f...3a9",
"valuation": {
"amount": 4500000,
"currency": "USD",
"last_verified": "2025-11-15T14:30:00Z"
}
}