From one confirmed obligation to liquidity at every tier.
The anchor approves what it already owes. From there the obligation is split, transferred, verified and financed, tier by tier, with every step written to a permissioned record. This is the mechanism, in order.
A single anchor obligation, made divisible and traceable as it cascades down.
- 1
Obligation created
The anchor approves an invoice or purchase order with its Tier-1 supplier. A digital claim representing that payment obligation is created, inheriting the anchor's credit standing.
- 2
Obligation cascades
Tier-1 can split and transfer portions of the claim to its own suppliers — Tier-2, 3, 4 — each transfer recorded with an unbroken chain of custody back to the anchor.
- 3
Any tier can finance early
A financier holding the claim's verified history can advance funds against it, pricing off the anchor's risk rather than the small supplier's own.
- 4
Verified before it's financed
Each claim is checked against the buyer's confirmation before it can be financed, keeping duplicate or fabricated claims out of the system.
- 5
Anchor pays, funds route automatically
At maturity the anchor pays; proceeds settle automatically to whoever currently holds the claim.
None of this is visible to the supplier.
They only ever see fiat currency landing in their account.
Divisible obligation instrument
Splits a single payment claim into traceable slices that can move down multiple tiers without losing their link back to the anchor.
Cryptographic invoice verification
Confirms an invoice is genuine and buyer-acknowledged, without exposing confidential commercial detail, before it can be financed.
Permissioned verification ledger
A shared, KYC'd record of custody and financing status. Not a public blockchain, and no crypto exposure for anchors or suppliers.
Visibility without exposure.
Every participant sees who they need to, never another party's payment terms.
Any tier's view
Tier-2, for exampleSees exactly two things: who is paying them (Tier-1) and their own suppliers (Tier-3). Nothing further up or down the chain.
The anchor's view
AnchorSees that Tier-2, Tier-3 and Tier-4 obligations exist and their financing status — never the payment amount between other parties.
Privacy by design, not by policy.
The rate gap deep-tier financing is built to close.
Illustrative annual financing cost, by position in the chain. The deeper the tier, the further the price drifts from the anchor's own — for the same underlying obligation.
- AnchorLarge corporate3–5%
- Tier-1Bank SCF, anchor-priced~4–6%
- Tier-2/3Fintech and P2P5.5–12%
- Tier-3+Unstructured18–22%
Illustrative — actual rates vary by anchor, tenor and market.
Every obligation, checked the same way, every time.
This is what makes an obligation financeable — not a claim, a checklist. Every step is verified before liquidity moves.
- Anchor01
A named anchor with a programme agreement in place.
- Invoice02
Issued against a delivery, not a purchase order — and confirmed genuine cryptographically.
- Approval03
Acknowledged by the anchor before anything is eligible.
- Supplier04
KYC'd once, verified for every anchor it trades with.
- Custody05
One traceable owner per obligation, all the way back to the anchor.
- Settlement06
Written once to the record and never edited.
What has to be true for a divisible anchor obligation to hold up.
Digital negotiable instruments
Frameworks aligned with the UN's MLETR let a payment obligation move electronically with the same legal force as a paper instrument.
Receivables assignment law
Enforceability varies by market — stronger in Malaysia and Singapore, weaker in Indonesia and the Philippines — a real driver of where these structures scale first.
Permissioned, KYC'd participation
Access is restricted to verified participants, consistent with financial-services regulator expectations. Not an open or public network.
A licensed financing entity in the seat
Verification infrastructure doesn't replace a regulated lender; it extends what one can already see and price.
Verification infrastructure does not replace a regulated lender. It extends what one can already see and price.
