Structured Trade & Commodity Finance
Inventory Finance
Financing goods held in warehouses, transit, or bonded zones — with real-time collateral monitoring via oracle network replacing periodic physical inspections. Purchase and simultaneous leaseback, not a pledge.
Key figures
How it works
From warehouse deposit to working capital release.
Deposit and certify inventory
Goods deposited in certified warehouses with SGS/Bureau Veritas digital certification hashed on-chain.
Inventory deposited at an approved bonded zone, free zone, or certified storage facility. Warehouse receipt issued with lot-level detail: quantity, grade, location, and batch ID.
SGS or Bureau Veritas digital certification hashed on-chain. Oracle confirms inventory identity, grade, weight, and insurance coverage. No manual inspection delay.
Disburse and monitor continuously
USDC disbursed instantly with daily MTM and automated aging limits — no stale valuations.
Caviar purchases inventory outright at the advance rate (70–90% depending on asset class). USDC disbursed instantly. Counterparty retains operational custody via storage-and-buyback agreement.
Daily MTM via DRAMeXchange, LME, or Fastmarkets oracle feeds. Aging limits enforced automatically. Breach triggers margin call; failure to cure triggers Caviar sale as owner.
Capabilities
Dynamic LTV that traditional banks cannot replicate.
SGS/Bureau Veritas digital certs
Staked assay certificates hashed on Cosmos appchain. Grade, weight, and quality verified cryptographically at origination. No paper certificates, no manual reconciliation.
Dynamic obsolescence-adjusted LTV
Electronics components repriced daily via DRAMeXchange and TrendForce feeds. DRAM starts at 75% LTV decaying to 55% at Month 6. Analog ICs hold at 66–68%. Precision that static haircuts cannot match.
Bonded zone financing
Purpose-built for JIIPE (Java), Morowali Industrial Park, Jurong Island, JAFZA, and Fujairah free zones. RKAB quota verification for Indonesian nickel. Customs documentation integrated into oracle feed.
Transit inventory tracking
AIS vessel position monitoring for in-transit goods. BoL in Caviar custody with marine all-risks insurance at 115% of advance value. Transit advance rates 70–75% with real-time voyage progress confirmation.
Grade and quality oracle
Contained-metal value computed as LME price times payable percentage times assay-confirmed grade. XRF assay at export port for scrap metals. CONAF water table oracle for Chilean lithium production sustainability.
Insurance verification
All-risks warehouse or marine cargo policy verified on-chain. Caviar named as loss payee. Minimum coverage 115% of advance value. Policy expiry triggers automatic draw freeze until renewal confirmed.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Collateral monitoring | Quarterly physical inspections | Daily oracle-driven MTM |
| Certification | Paper certificates, manual verification | On-chain SGS/BV digital certs |
| LTV model | 60–70% flat, static haircuts | 70–90% dynamic, decay-adjusted |
| Margin calls | Manual review, days to process | Automated, on-chain, instant |
Use cases
Real-world applications
Vietnamese electronics components
Arrow Electronics and Avnet-class distributors carrying $2–8B in inventory. DRAM, NAND Flash, and MCU financed with daily DRAMeXchange repricing. ECCN export control decay factors applied automatically.
West African cocoa storage
Cocoa beans and intermediates in OHADA-jurisdiction bonded warehouses. Purchase-and-leaseback under AUDCG Article 134–153. SGS quality certification with aging limits at 180 days for metals, 90 days for agricultural goods.
Indonesian nickel bonded zones
NPI, ferronickel, and MHP at JIIPE and Morowali. 70–75% advance against contained nickel value. RKAB quota verification via ESDM registry. Paired with downstream CATL offtake for dual credit enhancement.
Deploy inventory finance.
Monetize warehouse inventory with real-time oracle monitoring. Higher advance rates, lower monitoring costs, faster disbursement.