Structured Trade & Commodity Finance
Approved Payables Finance
An investment-grade anchor buyer approves an invoice; their supplier draws early payment from Caviar at the buyer's cost of capital instead of their own. Pricing reflects the buyer's credit, not the supplier's — which is the entire point of the program.
Key figures
How it works
From invoice approval to instant liquidity.
Invoice approval triggers financing
The anchor buyer's ERP confirmation creates an unconditional payment obligation — verified cryptographically, not by phone.
Buyer confirms goods receipt and quality acceptance in their ERP system — creating an unconditional payment obligation.
SAP S/4HANA or Oracle Fusion API confirms the approval event on-chain in real-time. No phone calls, no fax.
Instant disbursement, auto-repayment
USDC disbursed in seconds at the buyer's credit cost. Self-liquidating on the invoice due date — zero operational overhead.
Early payment in USDC disbursed to the supplier within seconds. Advance rate set by buyer credit quality, not supplier risk.
On the invoice due date, the anchor buyer pays Caviar directly. Self-liquidating, zero operational overhead.
Capabilities
Built to prevent the next Greensill.
Multi-tier supplier financing
Extend credit down to Tier-2 and Tier-3 suppliers in the anchor buyer's supply chain — not just the direct Tier-1 relationship.
ERP oracle integration
Direct API connections to SAP S/4HANA and Oracle Fusion Cloud. Invoice approval verified cryptographically, not by phone.
Concentration limits
Smart contract-enforced maximum 10% exposure per buyer. No single anchor buyer failure can threaten the program.
Greensill-proof safeguards
On-chain insurance verification, no prospective receivables, no self-certification. Every safeguard Greensill lacked.
Mid-market buyer access
API-only onboarding (no $250K+ bank integration program) brings buyers with $50M–$500M revenue into a tier of supply-chain finance previously gated to Fortune 500 anchors.
Investment-grade pass-through
Suppliers access the buyer's credit quality directly. A Vietnamese PCB manufacturer finances at Apple's cost of capital.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Buyer onboarding | 3–6 months bank integration | 48 hours, ERP API connection |
| Supplier onboarding | Weeks; bank account in approved jurisdiction required | Hours; any KYA-compatible wallet |
| Minimum invoice | $500K typical bank threshold | $10K |
| Settlement | T+3 via correspondent banks | Atomic DvP on Caviar L2 |
Use cases
Real-world applications
CHIPS-eligible electronics suppliers
Vietnamese assembly and Malaysian OSAT counterparties selling into US semiconductor primes and brand-owner OEMs. Suppliers price at the OEM's investment-grade cost rather than their own SME-rate financing.
Battery-chain precursor suppliers
Indonesian HPAL operators and DRC cobalt processors with POs from IG-rated cell makers and auto OEMs sourcing under EU Battery Regulation and IRA non-FEOC rules.
GCC capital-goods suppliers
Sub-tier suppliers into GCC mega-project EPC chains (NEOM, Aramco, ADNOC). Confirmed payables from IG sponsors discounted at sponsor credit, not contractor credit.
Move every supplier to your cost of capital.
Your entire approved payables book becomes financeable at your credit, across every supplier, every geography, every ticket size — with no bank program in the middle.