Sectors
Infrastructure & Capital Goods
ECA-backed receivable discounting + APF for EPC supply chains — $795B annual volume driven by Saudi Vision 2030, Belt & Road, and African infrastructure buildout.
Key figures
How it works
From EPC contract to financed milestone.
ECA guarantee integration
Export credit agency guarantees from Euler Hermes, UKEF, or JBIC are verified on-chain, providing sovereign-grade credit enhancement for EPC receivables.
Milestone oracle verification
Project milestone completion verified through IoT sensors, satellite imagery, and independent engineer reports — all captured cryptographically on-chain.
Progress payment financing
EPC sub-contractors receive early payment against verified milestone completion. DFI first-loss wrappers from IFC or AfDB enhance credit for frontier markets.
Settlement on project acceptance
When the sovereign or corporate project owner accepts the completed milestone, payment flows through to settle all sub-contractor financing automatically.
Capabilities
Sovereign-grade EPC supply chain finance.
ECA guarantee integration
Direct integration with Euler Hermes, UKEF, JBIC, and other export credit agencies. Guarantee status verified on-chain in real-time for instant credit enhancement.
DFI first-loss wrappers
IFC, AfDB, and AIIB first-loss guarantees integrated into financing structures. De-risk frontier market infrastructure projects to investment-grade equivalence.
Sovereign payable verification
Government payment obligations verified through ministry-level oracle connections. Saudi Aramco, Kenya Treasury, and other sovereign payers authenticated on-chain.
Project milestone oracle
Construction progress verified through IoT sensors, drone surveys, satellite imagery, and independent engineer certifications — all feeding smart contract triggers.
Multi-tier EPC supply chain
Finance flows from mega-project owner through main EPC contractor down to Tier-2 and Tier-3 sub-contractors. Every payment node mapped and verified.
Progress payment automation
Milestone-linked disbursements triggered automatically when the oracle confirms completion. No manual approval bottlenecks, no payment delays for sub-contractors.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Milestone verification | Manual engineer reports, weeks | Oracle-verified with IoT/satellite data |
| Sub-contractor payment | 90-180 day payment cycles | Instant on milestone confirmation |
| ECA guarantee status | Paper-based, periodic checks | Real-time on-chain verification |
| Minimum ticket | $25M+ per facility | $500K per milestone tranche |
Use cases
Real-world applications
Saudi Vision 2030 EPC
Neom and Red Sea mega-project sub-contractors financed against Aramco and PIF payment obligations. ECA-backed with Euler Hermes guarantees.
Kenyan infrastructure
AIIB-funded infrastructure projects in East Africa. DFI first-loss wrappers de-risk sub-contractor financing to investment-grade equivalence.
Chinese EPC sub-contractors
Belt and Road Initiative EPC sub-contractors financing against main contractor payment obligations. Multi-tier supply chain mapped from Beijing to project site.
Deploy infrastructure trade finance.
Start with a single EPC corridor. See results in days, not quarters. Expand as trust builds.