Blockchain Infrastructure for Financial Assets
Debentures, credit notes, fund shares, consortium quotas and receivables can be tokenized, locked on-chain and used as collateral to unlock stablecoin — without creating a liquidity pool, without selling the asset, without manual process.
ERC-1400 · Depository integrated · Chainlink oracle · USDC/USDT · KYC/AML embedded
US$ 200M+
tokenized by Liqi in receivables (2025)
Liqi
20 projects
in testing phase at Anbima (debentures and funds)
Anbima 2026
US$ 340M
in tokenized credit in Brazil (AmFi)
AmFi 2026
The problem
Validating title at depositories takes days. The token validates in seconds — with immutable audit trail.
Each guarantee requires fiduciary cession built from scratch. Unscalable for any real volume.
Your portfolio yields X% per year. As digital collateral, it generates simultaneous liquidity — without selling.
Tokenizing without ERC-1400 and bank integration becomes regulatory risk. SEC/regulators look at this.
Eligible assets
FIDC · REIT · PE
Fund shares tokenized with fiduciary cession. Validation via administrator + custodian.
Private credit
Private credit securities registered at the depository. Haircut by rating, maturity and liquidity.
Time deposits, certificates
Bank instruments with custodian validation. Fiduciary lock confirmed before mint.
Awarded or not
Consortium quotas as digital collateral. Value evaluated by credit letter.
Credit portfolios
Tokenization of credit portfolios and receivables. LTV by portfolio average rating.
LCE · LC equivalents
Bank funding instruments with regulated backing and eligibility validation.
Technical process
Depository API confirms title, absence of liens and market value. Automatic on every operation.
Fiduciary cession of the asset to the vehicle. The fund or security gets pledged as collateral without needing a new SPE if the asset is already eligible.
System applies haircut by asset type, rating, maturity and liquidity. Policy configured by client, executed automatically.
Issuance of tokens 1:1 backed by eligible value after haircut. ERC-1400 with transfer restrictions and forced transfer for regulatory compliance.
Token locked in collateral contract with LTV, deadline and margin call parameters. Cannot be transferred while serving as collateral.
Chainlink CCIP brings off-chain asset valuation on-chain in real-time. Automatic mark-to-market without human intervention.
Circle USDC API releases LTV-approved value directly to borrower wallet. Operation completed in minutes.
Real-time LTV dashboard, margin call alerts, automatic default liquidation and daily off-chain/on-chain reconciliation for compliance.
Deliverables
We deliver the technical infrastructure. You operate — or integrate with your existing system. Pure tech provider, no need for PSAV authorization.
Mint, burn, lock and transfer restrictions. Compliance standard for regulated securities.
Reference: US$ 10–30k
Automatic title validation, fiduciary lock and market value via API.
Reference: US$ 8–24k
Configurable LTV, automatic margin call and deterministic liquidation.
Reference: US$ 6–16k
Off-chain valuation on-chain in real-time. Automated mark-to-market per asset.
Reference: US$ 4–10k
Circle USDC API integrated. Settlement to borrower wallet in minutes, no manual.
Reference: included in stack
Real-time risk, on-chain audit and daily off/on-chain reconciliation for compliance.
Reference: US$ 3–6k + SaaS
Q&A
Depends on scope. Standalone ERC-1400 engine: US$ 10–30k. B3/Cetip integration: US$ 8–24k. Full stack with collateral smart contracts, oracle and dashboard: US$ 30–80k. The real question isn't infrastructure cost — it's how much your portfolio fails to generate by not having additional liquidity. R$ 100M in eligible assets at 60% LTV = R$ 60M in credit capacity that didn't exist before.
As a pure tech provider (Scenario A under BCB Resolutions 519-521), 38bits doesn't need PSAV authorization — we just deliver the system to a client who takes regulatory responsibility. If your client is already a regulated fund manager, fintech or securitizer, the legal path is much simpler. We map this in initial briefing before any technical proposal.
No — and legally it shouldn't. The token represents the economic right over the asset, which remains registered and locked in traditional systems. B3/Cetip integration confirms this lock automatically before each mint. This separation is what gives legal security to the operation and allows operating without creating a regulated public offering product.
Polygon is our default recommendation: EVM-compatible, low transaction cost, native Circle USDC support, adopted by most institutional projects. XDC Network is an alternative for projects integrating with Liqi's TIDC protocol. In 2026, Solana is not the institutional standard for RWA in Brazil — the compliance tooling ecosystem (ERC-1400, Chainlink CCIP, Circle) is EVM.
MVP with one asset type and one custodian integration: 8-12 weeks. Multi-asset platform with risk dashboard, reconciliation and auto settlement: 16-24 weeks. Compliance and bank integrations take real time — honest timeline, not sales pitch.
Smart contract executes automatic liquidation per contracted rules — partial burn of collateral token, on-chain notification and immutable event log. Digital collateral execution doesn't depend on judicial process for the on-chain asset. The off-chain asset follows the legal rites of fiduciary cession — that's why legal structure matters as much as the smart contract.
30-minute call. We map the asset, the legal structure and what's possible to build in your specific case. No generic proposal, no sales PowerPoint.