Caviar is building a new financial system to unlock opportunities for the physical economy globally
Portfolio Overview
April 4, 2026 · SGT
PXF Active
$2.40M
DRC Cobalt · CATL offtake
Tranche 1 disbursed Apr 2
APF Available
$3.18M
4 approved invoices
Samsung SDI · 8.1% APR
BBF Utilization
45.5%
$1.82M / $4M facility
LME updated 3 min ago
Open Repo
$850K
LME Ni/Cu · Jurong
Matures Apr 30, 2026
Recent Activity
| Date | Instrument | Amount | Counterparty | Status |
|---|---|---|---|---|
| Apr 2 | Pre-Export Finance | $1,440,000 | Chemaf DRC → CATL Shenzhen | Active |
| Apr 1 | Commodity Repo | $850,000 | LME Ni/Cu Warrants · Jurong | Active |
| Mar 28 | APF Draw | $618,500 | Samsung SDI · INV-SDI-0441 | Settled |
| Mar 22 | Receivable Purchase | $440,000 | Glencore AGIT | Active |
| Mar 15 | Settlement | 618.5K USDC → SGD | — | Settled |
Structured Trade & Commodity Finance
Modern financial infrastructure for markets too big to ignore
Catena Metals · Cobalt Hydroxide
#CTM-2026-047 · CIF Tianjin
$1,240,000
Face value
Receivable Purchase
Invoice-Backed Financing, Same Day
Submit your trade receivable and verification docs. Caviar attests them onchain and advances up to 90% of face value in USDC — hours, not weeks, no bank required.
Offtake Contract
Samsung SDI × Catena Metals
5yr · 800 MT/yr cobalt hydroxide
Production ramping…
$0M
of $12M drawn
Available
$12M
Utilization
0%
Offtake Finance
Turn Purchase Agreements into Capital
Pledge a signed offtake contract with a creditworthy buyer — Samsung, CATL, BASF — and draw capital against contracted revenue. The offtaker's credit quality, not yours, drives the terms.
Shell Nigeria
Aa3 · Anchor Buyer
INV-4521
$218.4K
INV-4518
$164.2K
INV-4510
$312.8K
Approved Payables
Early Payment on Approved Invoices
Draw early on invoices already approved by your anchor buyers. Instant liquidity at the buyer's credit cost, repaid automatically on invoice due date.
Pre-Export Finance
Nickel sulfate · Indonesia → Korea
Export buyer
Hyundai
Repayment
Auto-sweep
Pre-Export Finance
Capital Before the Shipment Sails
Finance production and processing costs against confirmed export orders. Oracle-verified milestones trigger drawdowns — repaid automatically from export proceeds.
Atomic DvP
ReadyDocument leg
BoL #MSC-4821 → Buyer
Payment leg
$1,240,000 USDC → Seller
Both legs settle or neither does
Settlement Rails
Settle in USDC, Instantly
Atomic delivery-vs-payment on every transaction. Both legs settle simultaneously or neither does — no correspondent banks, no settlement risk, no delays.
Capital Markets
Regulated, institutional-grade infrastructure for a new era of capital efficiency
Bids
Spread
0.09¢
Mid
99.87¢
Asks
Recent Fills
Private DEX
Orderbook for Real-World Assets
An onchain exchange built for institutional RWA trading. Privacy-preserving orderbook matching with deep liquidity from global LPs — the first venue purpose-built for trade finance instruments.
RWA Token
STC-TF-001 · $412K
Repo Agreement
7-day · 5.8% APR
USDC Liquidity
$390K · instant
Term
7–90d
Rate
5.8%
Haircut
5%
Repo Markets
RWA Collateral, Onchain Repo
Use tokenized trade finance assets as repo collateral. Access short-term USDC liquidity with atomic settlement — no prime broker, no credit risk, no delays.
ZK-verified trade · #TF-POOL-012
Counterparties verify without revealing — privacy by default, not by policy
ZK Privacy
Institutional-Grade Confidentiality
Counterparties verify jurisdiction, credit quality, and collateral via zero-knowledge proofs — without revealing identity, trade size, or strategy. Privacy by default.
Total Value Locked
$48.3M
LPs
12
Avg. APY
8.4%
Utilization
78%
Private Credit
Deploy Capital into the Real Economy
Institutional lenders earn 7–15% by providing capital to verified STCF pools. Diversified across geographies, offtakers, and instrument types — short duration, self-liquidating, real asset backing.
Buyer sends
$412,000 USDC
Seller delivers
STC-TF-001 token
Settlement
~2 sec
Counterparty Risk
None
Fails Safe
Atomic
Atomic Settlement
No Counterparty Risk, Ever
Every trade settles atomically in seconds. Both legs execute simultaneously or neither does — eliminating settlement risk that plagues traditional fixed income markets.
