Bringing real world assets into
the decentralised finance
the decentralised finance
Bringing real world assets into the decentralised finance
End-to-end solution incorporating a technology platform and a legal framework for tokenising EU- and UK-based loan portfolios and funding them from asset-backed stablecoins.
DeFi needs stability, scale and sustainability
Stability
Stability of peg is fundamental to the adoption of every stablecoin striving to fulfil the main functions of fiat money — medium of exchange, store of value, and unit of account.
Scale
There is a strong network effect for mass adoption of a stablecoin — the higher the volume in circulation, the more likely new market participants will gravitate towards using it.
Sustainability
For a DeFi project to successfully develop, the underlying economics needs to be able to support its ongoing costs.
Real World Assets market capitalisation is hundreds times bigger than that of crypto
Global Market Cap by Asset Class ($ thrillion)
Kredika addresses main pain points TradFi and DeFi currently face when looking to work with each other
How to ensure proper performance of duties and interaction between all participants in a decentralised environment?
How to package real world assets into a format suitable for stablecoins and other DeFi players to trade and use as collateral?
How to achieve stability and scale without compromising
on the sustainability
of the ecosystem (tokenomics)?
on the sustainability
of the ecosystem (tokenomics)?
How to diversify away from crypto assets vulnerable to wild price swings and reduce the volatility
of the collateral?
of the collateral?
How to diversify away from crypto assets vulnerable to wild price swings and reduce
the volatility of the collateral?
the volatility of the collateral?
How to access capital in the DeFi space while staying compliant with all relevant regulatory requirements, such as KYC?
Stablecoins
How to access capital in the DeFi space while staying compliant with all relevant regulatory requirements, such as KYC?
How to leverage the power of the DLT to create a robust, auditable, and transparent portfolio management process suitable for both TradFi and DeFi investors?
How to ensure proper performance of duties and interaction between all participants in a decentralised environment?
How to package real world assets into a format suitable
for stablecoins and other DeFi players to trade and use
as collateral?
for stablecoins and other DeFi players to trade and use
as collateral?
Lenders and Asset Managers
How to monitor the underlying portfolios of illiquid credit assets
and stay on top of the portfolio managers’ performance?
and stay on top of the portfolio managers’ performance?
How to operate within
the regulatory requirements
of investing in real world assets without leaving the crypto world?
the regulatory requirements
of investing in real world assets without leaving the crypto world?
How to achieve stability and scale without compromising
on the sustainability of the ecosystem (tokenomics)?
on the sustainability of the ecosystem (tokenomics)?
How to operate within the regulatory requirements of investing in real world assets without leaving the crypto world?
How to ensure proper performance
of duties and interaction between all participants in a decentralised environment?
of duties and interaction between all participants in a decentralised environment?
How to leverage the power of the DLT
to create a robust, auditable, and transparent portfolio management process suitable for both TradFi and DeFi investors?
to create a robust, auditable, and transparent portfolio management process suitable for both TradFi and DeFi investors?
How to package real world assets into
a format suitable for stablecoins and other DeFi players to trade and use as collateral?
a format suitable for stablecoins and other DeFi players to trade and use as collateral?
Lenders and Asset Managers
How to monitor the underlying portfolios
of illiquid credit assets and stay on top
of the portfolio managers’ performance?
of illiquid credit assets and stay on top
of the portfolio managers’ performance?
How to operate within the regulatory requirements of investing in real world assets without leaving the crypto world?
How to achieve stability and scale without compromising on the sustainability
of the ecosystem (tokenomics)?
of the ecosystem (tokenomics)?
How to diversify away from crypto assets vulnerable to wild price swings and reduce the volatility of the collateral?
Stablecoins
How to package real world assets into
a format suitable for stablecoins and other DeFi players to trade and use as collateral?
a format suitable for stablecoins and other DeFi players to trade and use as collateral?
How to leverage the power of the DLT
to create a robust, auditable,
and transparent portfolio management process suitable for both TradFi and DeFi investors?
to create a robust, auditable,
and transparent portfolio management process suitable for both TradFi and DeFi investors?
How to achieve stability and scale without compromising on the sustainability
of the ecosystem (tokenomics)?
of the ecosystem (tokenomics)?
How to operate within the regulatory requirements of investing in real world assets without leaving the crypto world?
How Kredika works
Real world assets (e.g. loans secured by UK properties) are packaged into portfolios held by Special Purpose Vehicles (SPVs) and managed by accredited portfolio managers.
RWA collateral
Real world assets (e.g. loans secured by UK properties) are packaged into portfolios held by Special Purpose Vehicles (SPVs)
and managed by accredited portfolio managers.
and managed by accredited portfolio managers.
Real world assets (e.g. loans secured by UK properties)
are packaged into portfolios held by Special Purpose Vehicles (SPVs) and managed by accredited portfolio managers.
are packaged into portfolios held by Special Purpose Vehicles (SPVs) and managed by accredited portfolio managers.
Data
Independent data providers supply information critical
for underwriting and managing of loan portfolios (legal status
of loan and collateral, credit quality of the borrower, etc.)
for underwriting and managing of loan portfolios (legal status
of loan and collateral, credit quality of the borrower, etc.)
Independent data providers supply information critical for underwriting and managing of loan portfolios
(legal status of loan and collateral, credit quality
of the borrower, etc.)
(legal status of loan and collateral, credit quality
of the borrower, etc.)
Independent data providers supply information critical for underwriting
and managing of loan portfolios
(legal status of loan and collateral, credit quality of the borrower, etc.)
and managing of loan portfolios
(legal status of loan and collateral, credit quality of the borrower, etc.)
Kredika tokens
Kredika tokens are issued against portfolios of secured loans. Tokens used as collateral to raise funding in DeFi space.
Funding (fiat)
Funding raised in DeFi space
is converted into fiat, mixed with junior capital
and disbursed as loans in fiat (e.g. GBP).
is converted into fiat, mixed with junior capital
and disbursed as loans in fiat (e.g. GBP).
Funding raised in DeFi space is converted into fiat, mixed with junior capital and disbursed as loans in fiat (e.g. GBP).
Funding raised in DeFi space is converted into fiat, mixed with junior capital
and disbursed as loans in fiat (e.g. GBP).
and disbursed as loans in fiat (e.g. GBP).
Tranches
The loans and all associated data and transaction history
is immutably recorded
on Kredika platform.
is immutably recorded
on Kredika platform.
The loans and all associated data and transaction history is immutably recorded on Kredika platform.
The loans and all associated data
and transaction history is immutably recorded on Kredika platform.
and transaction history is immutably recorded on Kredika platform.
Real world assets (e.g. loans secured by UK properties) are packaged into portfolios held by Special Purpose Vehicles (SPVs) and managed by accredited portfolio managers.
Independent data providers supply information critical for underwriting and managing of loan portfolios (legal status of loan and collateral, credit quality of the borrower, etc.)
Kredika tokens are issued against portfolios of secured loans. Tokens used as collateral to raise funding in DeFi space.
Funding raised in DeFi space is converted into fiat, mixed with junior capital and disbursed as loans in fiat (e.g. GBP).
The loans and all associated data and transaction history is immutably recorded on Kredika platform.
Main benefits of the Kredika platform
Transparent
- Traceability of individual underlying assets.
- Independent real world data providers (oracles).
- Automated valuation and supply of Kredika tokens.
Legally Robust
- Clear ownership link and clear rights for token holders.
- Legal structure compliant with the UK and Switzerland legislation.
Best of Both Worlds
- Seamless integration of the real-world portfolio management process and blockchain tech.
- Institutional-grade reporting enhanced by technology.
Aligned Interests
- Junior capital providing credit enhancement to the Kredika tokens.
- Performance-based rewards for asset managers.
We combine expertise in traditional finance and a deep understanding of technology
Former founder and co-CEO of a leading UK online lending platform Fleximize, which funded over £100mn in secured
and unsecured SME loans. Prior to that Max worked
in structured finance and derivatives for Citibank, Dresdner Bank and ING across origination, structuring, and sales functions. Worked with multiple non-bank lenders on strategy and fundraising.
and unsecured SME loans. Prior to that Max worked
in structured finance and derivatives for Citibank, Dresdner Bank and ING across origination, structuring, and sales functions. Worked with multiple non-bank lenders on strategy and fundraising.
Biz & Finance
Max Chmyshuk
Founder and CEO of BondAppetit. Tech entrepreneur with extensive legal background. Founded successful fintech and blockchain legal practice that was acquired by Deloitte. Built Blockchain Lab at Deloitte. Founder of Tokenomica (a regulated exchange and tech platform for issuing security tokens) in 2018 and BondAppetit (decentralised collateralised lending protocol) in 2021.
Tech & Legal
Artem Tolkachev
Founder of YesGrowth. Built several companies in Information Technology and Financial sector from startup to multimillion dollar, highly profitable enterprises. Has an extensive international experience in IT Consultancy, Business Development and Business Management. Managed successfully multinational teams in Europe, South Africa and UK.
Chairperson
Victoria Vaksman
Founder and CEO of DeFi Helper — an advanced non-custodial DeFi investment tool. CTO at BondAppetit — the first DeFi protocol connwcting real-world debt instruments with the Ethereum ecosystem. Provided a technical concept and assembled a developer team that developed, tested and launched the protocol in 9 months. Formerly CTO at Tokenomica.
Tech
Vlad Komissarov
CFO at YesGrowth in charge of finance and credit. Chartered Accountant and former Corporate Finance Partner with PwC. Experienced Finance Director, Board Advisor, Corporate Financier and Non-Executive Director with experience across many sectors. Skills include Finance, M&A, MBO’s, Fund Raising, Private Equity, and Commercial Strategy.
Finance & Credit
Jon Harrison
Contact us
Feel free to write and call us. We really love to communicate with our clients.
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+44 7977 583676
Registered Address
Trading Address
Regus, 52 Grosvenor Gardens, London, SW1W OAE
264 Banbury Road, Oxford, England, OX2 7DY