On.Chained Credit infrastructure for real-world assets
We make idle assets liquid.
Everyone is tokenising real-world assets. We give them something to do. We turn physical value into credit, and credit into liquidity.
01Everyone is tokenising
in real-world assets now live on public blockchains, spread across 39 networks.1
Banks, funds and governments put treasuries, gold, credit and property on-chain. Issuing a token is solved.
02The question nobody answered
And then?
Only about 7 to 12% of tokenised assets work as collateral or liquidity. The rest sits in wallets.1
Tokenisation solved how to issue an asset. It never answered what the asset does next.
03The capital gap
Capital on one side. Value on the other. Nothing in between.
Global trade finance gap. Demand for trade finance that banks and lenders leave unmet, about 10% of world trade.2
ADB, 2026Finance gap of small and mid-sized firms in emerging markets. USD 8 trillion once informal businesses are counted.3
IFCOur mission: give real-world assets an on-chain job.
We build the bridge across that gap. Physical assets become collateral, collateral becomes credit, and idle capital earns from it. Where banks do not reach, we close the gap.
04The answer
Pooled liquidity. Isolated risk.
Capital flows into one pool. Every credit sits in its own chamber, and its enforcement path is fixed on day one. When a credit fails, it fails alone, and the pool keeps earning.
Click any chamber to put that credit in default. Click it again to restore it.
Reality checkReality Check
You are now simulating a worse credit crisis than 2008.
Pool yield by number of credits in default
Positive with up to 6 of 12 in defaultDemonstration assumptions
- Pool
- USD 12M in 12 credits of USD 1M
- Borrowers pay
- 10 to 16% a year, 14% on average
- Liquidity providers receive
- 8 to 14% a year, 12% on average
- A credit in default
- Pays no interest for the year
These numbers demonstrate how isolation keeps the pool robust. They are not a forecast or a promised return. Real yields depend on the credits funded and on what enforcement recovers.
05One credit, start to finish
Every step on record.
Record
06What we build
One engine. Three ways to use it.
Built for any asset with a value and a paper trail.
Asset classes, no client names.Asset classes: copper, gold, bauxite, coffee, cocoa, silver, rare earths, fine art, warehouse stock.
07For liquidity providers
Idle stablecoins. Real collateral.
Stablecoins are the cash of the on-chain economy, and most of them sit still. We put them to work against physical assets, with a target yield of 8 to 14% a year, above standard stablecoin products.
- Backed by physical assetsCertified, valued and held in custody before any capital moves.
- Every credit isolatedOne credit's problem stays in its own chamber.
- Professional investors onlyTerms and the data room on request.
Where an idle stablecoin can sit
Bar lengths show the order, not exact rates. The target is not guaranteed and depends on the credits funded.
Relevant for stablecoin issuers
The stablecoin economy needs places where its money earns from something real. Our credits give stablecoins a use case backed by physical value, and our white-label rails let issuers offer it under their own brand.
08The technology
Built.Patent pending.Shown on request.
Our technology is ready for the use cases we are launching. Two of its essential parts are patent pending. We walk investors, liquidity providers and asset holders through it after a first conversation.
Technical overview and data room
Opened for investors, liquidity providers and asset holders.09The team
The people building it.
Michael Perschke
Executive Chairman
Marcel Madarevic
CEO
Ayoub El Moutanabbih
CTO
Shafwan Safi
AI Strategist
Amresh Kumar Roy
Developer
Vikas Shukla
Developer
Sanjay Sharma
Advisor
10Request access
Choose your door.
The detail is shared after a first conversation. Tell us who you are, and we come back with what matters to you.