Real-world yield. For stablecoins.

Deposit USDC or USDT and get direct exposure to a curated mix of institutional credit, with returns paid in US dollars.

Talk to us Launch App

Trusted to verify what matters

Where a stablecoin deposit goes.

Live and upcoming vaults for USD stablecoin deposits, operated by Rekord Capital Markets (RCM).

RCM · Rekord Capital Markets

Live on Ethereum Fully Allocated · View Only

9Summits Short Duration Institutional Credit

USDC

A USDC private credit strategy operated by RCM, with its NAV and positions verifiable on Ethereum.

Net APR 12.58% 15% fixed gross APR

On-Chain TVL $303,072 USDC 1.0080 USDC / share Snapshot Oct 23, 2026

Asset: USDC
Fees: 0% mgmt / 20% perf
Redemptions: Periodic NAV settlement

Short-duration institutional private credit curated by 9Summits
Multi-signature custody with segregated institutional settlement
Continuously verified on-chain NAV and portfolio records

View Vault on Lagoon Inquire for next tranche

On-chain verification

RCM · Rekord Capital Markets

Institutional Onboarding

RCM Insured Trade Receivables

USDC

Short-duration, credit-insured trade receivables, held in USDC.

Strategy Mandate

Short-Duration Trade Finance

Underlying / Currency: USDC
Credit Protection: Credit-insured commercial invoices
Target Tenor: 30–90 day revolving receivables
Allocation Status: Onboarding qualified counterparties

Short-duration commercial receivables backed by trade credit insurance
Diversified obligor exposure across verified corporate buyers
Continuous invoice-level underwriting and proof anchoring

Talk to us

Terms confirmed at launch · Qualified counterparties

RCM · Rekord Capital Markets

Institutional Onboarding

RCM Digital Asset Credit Line

BTC / ETH Collateral

A USDC credit line against segregated, non-rehypothecated BTC or ETH collateral, deployed into RCM credit strategies.

Strategy Mandate

Non-Rehypothecated Credit Line

Pledged Collateral: BTC / ETH (segregated custody)
Credit Line Currency: USDC deployed into RCM vaults
Custody Guarantee: Zero rehypothecation · Segregated wallet
Allocation Status: Bespoke institutional mandates

Borrow USDC against BTC or ETH without moving or rehypothecating custody
Staked and locked validator positions remain active while pledged
Proceeds deploy directly into verified RCM private credit strategies

For Digital Asset Holders

Terms confirmed at launch · Qualified counterparties

For qualified counterparties only.

Who does what. Two entities, one stack.

Rekord Capital Markets (RCM) operates the vaults and credit strategies. Rekord AG, Zug, provides the underwriting and cryptographic proof technology: Rekord AI and Rekord Kloud.

Rekord Capital MarketsVault & capital strategy operator→ Rekord AGUnderwriting & proof technology provider→

Where your stablecoins sit today.

Idle

Cash on the sidelines

USDC and USDT in a wallet or on an exchange. Fully liquid, earning nothing.

Onchain lending

Correlated yield

DeFi money markets pay a rate that rises and falls with the crypto cycle, the same cycle a treasury is trying to diversify away from.

Rekord

Real-world credit

Institutional private credit. USD-denominated returns from real businesses, uncorrelated to digital asset volatility.

Three places to park your stablecoins.

Dimension	RCM real-world private credit vault (9SicUSDC)	Variable DeFi lending pools (Aave / Morpho)	Tokenized T-bills (SGOV / BUIDL)
Yield source	Your USDC funds real-world private credit, and returns come back in US dollars.	Your stablecoins are lent to onchain borrowers at a rate set by pool demand.	Your cash buys exposure to short-term US Treasury bills.
Market correlation	Your returns follow credit performance in real businesses, uncorrelated to digital asset volatility.	Your rate rises and falls with crypto borrowing demand.	Your return follows short-term Treasury rates.
Custody / governance	Your deposit sits in a vault whose roles are held by a 3/6 Safe under a Zodiac Roles policy, with settlement through a Fordefi whitelisted wallet.	Your funds sit in protocol contracts whose parameters are set by protocol governance.	Your shares are recorded by the fund administrator and transfer agent.
Redemption mechanism	You submit an ERC-7540 asynchronous redemption request, settled at the next valuation update.	You withdraw from instant pool liquidity, subject to utilization.	You redeem through the fund on a T+0 / T+1 cycle, per the issuer's terms.
Verification surface	You check the records behind your deposit on Rekord Kloud, through the Proof Console.	You read pool state directly onchain.	You rely on issuer attestations and fund reports.

What a deposit gets you.

Direct credit exposure

Direct exposure to a curated mix of institutional credit strategies.

USD-denominated returns

Returns in dollars, uncorrelated to digital asset volatility.

Diversified by default

One deposit spreads across a curated mix of institutional credit.

Nothing to manage

RCM sources and monitors the credit; Rekord AI underwrites it. You hold a single position.

Verify it yourself

See the same cryptographically verified records as operators and auditors, any time.

Audit-ready by design

Continuous proof from origination through distribution, not at quarter-end.

How a deposit becomes yield.

01 Deposit

Deposit USDC or USDT

Move your stablecoins into Rekord Vaults in a single deposit.

02 Diversify

One deposit, a curated mix

Direct exposure to institutional credit strategies, selected and weighted by RCM.

03 Earn

USD-denominated returns

Returns come back in US dollars, uncorrelated to digital asset volatility.

04 Verify

Proof at every step

Cryptographic proof from origination through distribution, on the same surface auditors see.

Follow a deposit through the full architecture: how Rekord works.

What protects your deposit. What proves it.

Dimension	Legal protection layer	Cryptographic verification layer
Who operates	Rekord Capital Markets (RCM), which runs the vault you deposit into.	Rekord AG, which builds the underwriting and proof technology.
What protects / proves it	The credit behind your deposit sits in bankruptcy-remote SPVs with institutional-grade legal protections, perfected security interests, and qualified custody arrangements.	Each credit position carries a Rekord AI score trail, anchored on Rekord Kloud and readable in the Proof Console.
Who can check	You, as a qualified counterparty, through the capital markets desk.	You, your auditors, and your regulators, read-only through the Proof Console.
When	Put in place before your capital is deployed.	Any time you hold a position, updated continuously.

Built for institutions. Open to anyone.

The strategies and the standards are built for institutional capital. Anyone holding stablecoins can deposit. These are the desks that put it to work.

Family offices

Diversification beyond public markets, in USD.

Hedge funds

Uncorrelated carry on idle stablecoin balances.

Treasuries

Yield on operating cash without new operational burden.

Fintech

Returns on customer float, denominated in dollars.

Protocol treasuries

Real-world yield on stablecoin reserves.

Go one level deeper.

Your deposit gains exposure to a curated mix of insured receivables, real-asset lending, and structured private credit, each underwritten and proven on the Rekord stack. Two products carry the work beneath the deposit.

Rekord VaultsThe yield product→ Rekord Kloud + Proof ConsoleThe proof layer→

Learn the fundamentals.

Plain-English guides from the Rekord Education Hub on the concepts behind this page.

All guides

Stablecoins (USDC, USDT, DAI): how the peg holdsCrypto and DeFi APR vs APY: why the difference mattersMoney and credit What is a real-world asset? RWA lending vs DeFi yieldRWA and deal types

Frequently asked questions

Where does the yield come from?

Your deposit gains exposure to a curated mix of insured receivables, real-asset lending, and structured private credit — each underwritten and proven on the Rekord stack. Returns are paid in US dollars.

Is the yield tied to crypto markets or DeFi lending rates?

No. Returns are generated by real-world private credit rather than on-chain lending, so they are not driven by crypto market cycles or DeFi rate swings.

What can I deposit?

USDC or USDT.

How is my exposure verified?

Every position is anchored and attested on Rekord's proof layer — Rekord Kloud and the Proof Console — so the collateral and cashflows behind your deposit are independently verifiable, not just reported.

Who operates the vault I deposit into?

Rekord Capital Markets (RCM) operates the vault and selects its credit strategies. Rekord AG, Zug, supplies the technology: Rekord AI underwrites the credit and Rekord Kloud anchors the records behind your deposit.

Who can deposit?

Rekord is offered to qualified counterparties. Talk to the desk and we'll confirm eligibility and walk you through onboarding.

Put your stablecoins to work.

Talk to us Launch App

Holding dormant crypto instead? For Digital Asset Holders→