Structured Trade & Commodity Finance
Offtake Finance
Long-tenor financing structured against confirmed purchase agreements, where the offtake contract itself is the primary credit support. For battery metal miners, critical material processors, and LNG producers with committed buyers but no access to working capital.
Key figures
How it works
From signed offtake to deployed capital.
Offtake contract becomes collateral
The purchase agreement with a creditworthy offtaker — a battery manufacturer, utility, or industrial buyer — is verified and pledged. The offtaker's credit quality, not the producer's, drives the facility terms.
Contract terms, offtaker identity, volume commitments, and pricing mechanisms attested via Document Attestation. Offtaker creditworthiness assessed against live oracle data.
Assignment of offtake proceeds, pledge of production assets, and lien registration via Caviar's on-chain Lien Registry. Enforceable in Singapore and DIFC courts.
Milestone drawdown, automatic repayment
Capital deployed against production milestones verified by oracle. Offtake proceeds flow directly to repayment — the facility is self-liquidating against the contracted revenue stream.
USDC disbursed as production milestones are verified on-chain — first ore extraction, nameplate capacity, first shipment. Capital deployed only when oracle confirms physical progress.
When the offtaker pays, proceeds are automatically swept to the facility account via smart contract. No manual reconciliation, no payment risk.
Capabilities
Built for supply chains capital markets hasn't reached.
Offtaker credit pass-through
A DRC cobalt miner with a Samsung SDI offtake agreement accesses Samsung's credit quality — not its own. The offtaker's balance sheet finances the producer.
IRA & CRMA-aligned origination
Facilities structured to qualify as IRA-compliant critical mineral financing and EU CRMA strategic project support — unlocking DFI co-investment and government-backed credit enhancement.
On-chain lien registry
Security interests over mining rights, production assets, and offtake proceeds registered on Caviar's Lien Registry. Enforceable, auditable, and transparent to all facility parties.
Multi-commodity coverage
Lithium, cobalt, nickel, rare earths, LNG, copper — any commodity with a quantifiable, creditworthy offtake agreement is eligible. No commodity-specific carve-outs.
DFI first-loss integration
IFC, ADB, and DEG first-loss tranches structured directly into the facility waterfall — converting frontier-market credit risk into investment-grade senior positions for institutional capital.
ZK compliance for sanctioned corridors
Zero-knowledge proofs attest to OFAC compliance and OECD conflict mineral due diligence without revealing counterparty identity. Finance where banks cannot go.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Geography | Investment-grade jurisdictions only | Frontier markets via ZK compliance |
| Minimum facility | $100M — sub-scale producers excluded | $10M — accessible to junior miners |
| Approval timeline | 6–18 months | 4–8 weeks |
| Security registration | Manual, jurisdiction-by-jurisdiction | On-chain lien registry, instant |
Use cases
Real-world applications
DRC cobalt / battery manufacturer
Congolese cobalt producer with 5-year Samsung SDI offtake. $25M facility against contracted revenue stream. ZK compliance clears OECD conflict mineral requirements.
Indonesian nickel HPAL processor
Nickel processor with Hyundai offtake for EV battery-grade nickel sulfate. $50M drawdown facility against 4-year purchase agreement.
Central Asian rare earth offtake
Kazakh rare earth producer with European magnet manufacturer offtake. $15M pre-production facility against a 7-year supply agreement qualifying under EU CRMA.
Finance the supply chains that matter.
If you have a signed offtake agreement and a creditworthy buyer, Caviar can structure a facility in weeks — not quarters.