Sectors
Oil & Gas
PXF + commodity repo for crude oil, LNG, and refined products — $1.05T annual addressable volume across Nigerian independents, Gulf NOCs, and Southeast Asian LNG.
Key figures
How it works
From crude extraction to financed cargo.
Reserve certification oracle
Independent reserve reports are digitized and verified on-chain, establishing the collateral base for pre-export financing against proven reserves.
Offtake agreement verification
Shell, Total, or BP offtake contracts are validated through our NOC relationship management layer, creating investment-grade receivables.
Cargo tracking & disbursement
AIS vessel tracking confirms cargo loading. Smart contract disburses financing against the verified bill of lading and offtake commitment.
Auto-settlement on delivery
On cargo delivery and quality acceptance, the anchor buyer pays directly into the Caviar settlement account. Self-liquidating in 30-90 days.
Capabilities
Full-stack oil & gas trade finance infrastructure.
Reserve certification oracle
Digitized independent reserve reports verified on-chain. Proven and probable reserves mapped to financing capacity in real-time.
NOC relationship management
Structured interfaces for national oil company counterparties — NNPC, QatarEnergy, Pertamina — with sovereign credit assessment built in.
LNG SPA securitization
Long-dated LNG sale and purchase agreements tokenized into tradeable receivables, unlocking liquidity from 10-25 year contracts.
Crude differential pricing
Real-time Platts and Argus price feeds for Bonny Light, Brent, WTI, and regional differentials. Automatic margin call triggers.
AIS cargo tracking
Vessel tracking via AIS transponder data integrated into smart contracts. Cargo location verified continuously from loading to discharge.
OPEC+ compliance monitoring
Production quota verification ensures financed volumes comply with OPEC+ allocations, preventing regulatory and sanctions risk.
Comparison
Traditional vs. Caviar
| Traditional | Caviar | |
|---|---|---|
| Reserve verification | Manual audit, 6-12 weeks | Oracle-verified in real-time |
| Cargo monitoring | Periodic surveyor reports | Continuous AIS tracking on-chain |
| Settlement | 5-10 business days via SWIFT | <6 seconds atomic DvP |
| Minimum ticket | $10M+ per facility | $500K per cargo |
Use cases
Real-world applications
Nigerian crude exports
Seplat and other Nigerian independents financing crude exports against Shell and Total offtake agreements. PXF with AfDB first-loss wrapper.
Gulf LNG contracts
QatarEnergy long-dated LNG SPAs securitized into tradeable receivables. Financing against JERA and KOGAS offtake commitments.
Indonesian LNG
Pertamina LNG exports financed via commodity repo structures. AIS tracking from Bontang terminal to Japanese and Korean buyers.
Deploy oil & gas trade finance.
Start with a single crude or LNG corridor. See results in days, not quarters. Expand as trust builds.