Capital Partners
Data & Intelligence Buyers
S&P, Bloomberg, Platts, and Argus describe markets they do not run. Their products observe, survey, model, or infer. Caviar publishes data the others can't: the trade finance lifecycle itself, with ZK proofs of calculation correctness. CTFYI is the first daily benchmark for short-term commodity finance. Sentinel is integrated physical intelligence calibrated to deal-level monitoring. Credit Tier Oracle is structured creditworthiness for the EM counterparties ratings agencies don't cover.
Key figures
How it works
Data the existing intelligence stack cannot construct.
CTFYI: the first daily yield benchmark for STCF
Computed from actual lifecycle data with SP1 ZK calculation correctness proofs — not dealer surveys, not editorial discretion. APF, BBF, PXF, RP sub-indices give instrument-level granularity. The first asset manager that builds a CTFYI-linked product captures the category before competitors know it exists.
No black-box editorial layer. The methodology is a deterministic function over verified deal data; the proof is published with each release. Technically capable buyers verify against the chain themselves.
Use CTFYI as settlement reference for structured note coupons or perpetual futures. The first publicly tradable instrument indexed to short-term commodity finance yield.
Physical signals + portable counterparty credit
Sentinel integrates AIS, satellite, port, and warehouse data into a single feed calibrated to trade finance deal monitoring — not a raw sensor reseller. Credit Tier Oracle gives structured T1/T2/T3 creditworthiness on the 70% of EM counterparty exposure that ratings agencies do not cover.
AIS vessel tracking + 2–5 day satellite refresh on storage facilities + port congestion + warehouse stock, delivered as structured feeds calibrated to your geography and commodity exposure. The early-warning system Hin Leong, Trafigura, and Qingdao desperately needed.
ZK-provable T1/T2/T3 tiers from Compliance Vault fundamental analysis. Verifiable methodology without exposing borrower financials. Defensible to regulators for IFRS 9 expected credit loss models on commodity-backed exposures.
Capabilities
Information asymmetry, not commodity data.
CTFYI + sub-indices
Daily yield benchmark with APF / BBF / PXF / RP granularity. Basic data license $200–500K/yr; derivative reference license for DEX perp settlement or structured-note coupon $500K–$1.5M/yr.
CSSI (Supply Chain Stress)
Composite leading indicator: financing cost trends, delinquency rates, collateral deterioration, shipping disruption. A macro signal that does not exist in any incumbent data product.
Commodity Basis Indices
Observed basis between Private DEX futures settlement and physical spot in the same instrument and geography. Not a modeled basis — an observed one, with ZK calculation proof.
Sentinel / Trade & Geospatial Intelligence
Integrated AIS + satellite + port + warehouse, calibrated to trade finance monitoring. $100–500K/yr enterprise. The early-warning layer for portfolios with commodity-backed exposure.
Credit Tier Oracle API
Structured T1/T2/T3 tiers on EM counterparties. ZK-provable credential framework portable across teams and counterparties; defensible to IFRS 9 ECL model regulators. $50–250K/yr API license.
Atlas Indexer API
Time-series API access across all Caviar market data: index history, position feeds, instrument lifecycle data. Same query interface you use for public-market data on Bloomberg.
Comparison
Caviar Intelligence vs. incumbent data products
| Incumbents | Caviar | |
|---|---|---|
| STCF benchmark | None published | CTFYI, ZK-attested daily |
| Commodity price methodology | Dealer surveys + editorial | Observed lifecycle, deterministic |
| EM counterparty credit | Unrated by S&P/Moody's/Fitch | Credit Tier Oracle T1/T2/T3 |
| Physical cargo intelligence | 3–5 vendors, manual integration | Sentinel single deal-level feed |
Use cases
Real-world applications
Index provider / asset manager
Head of Index Strategy licenses CTFYI as derivative settlement reference for the first private credit ETF or structured note linked to short-term commodity finance yield. First-mover category capture before competitors recognize the benchmark exists.
Trade finance bank risk team
Head of Commodity Finance Portfolio Analytics uses Sentinel for integrated physical intelligence and Credit Tier Oracle for the unrated 70% of EM counterparty exposure. IFRS 9 ECL models gain inputs they previously could not source.
Systematic commodity hedge fund
Quant researcher builds CSSI-driven macro signal and Commodity Basis Index strategies. Atlas Indexer API delivers time-series in the same query interface they use for public market data. Backtestable history accumulates with platform origination volume.
License signals that don't exist anywhere else.
CTFYI, Sentinel, Credit Tier Oracle, Atlas Indexer. Information products derived from running the lifecycle, not modeling it from the outside.