Candour Finance originates, underwrites and distributes receivables-backed debt to institutional investors. Institutional underwriting discipline; distribution through on-chain vault infrastructure from day one.
Short-duration receivables are among the shortest and lowest-loss assets in credit: self-liquidating, backed by real underlying obligations, and turning over many times a year.
The risk sits close to the cash, not out at the end of a multi-year loan. Capital is repaid and redeployed continuously rather than locked for the life of a term facility.
Institutional private credit has scaled into direct lending and long-duration strategies. Short-duration receivables remain underserved because they require operational underwriting rather than balance-sheet size.
Candour Finance originates and underwrites these facilities, then distributes the senior exposure on-chain to institutional capital that wants the asset without building the origination engine.
Candour Finance underwrites the way an institutional credit fund always has: secured lending against receivables-backed collateral, advanced into a bankruptcy-remote vehicle, with independent NAV, hard concentration limits, and a credit committee rather than a single decision-maker.
The distribution rail is on-chain from the outset. The underwriting standard does not change to accommodate it.
Draw against a borrowing base secured by receivables, repay on collection.
Secured lending facility. Lender of record. Independent audit.
Distributed through on-chain vault infrastructure.
Structured credit's worst failures are governance failures, not asset-class failures. The safeguards that are typically missing are hardcoded into our structure.
| Asset validity | Receivables certified against the borrowing base before drawdown; eligibility and haircuts tested at each draw. |
| Credit support | Overcollateralisation and, where available, a parent guarantee. |
| Liquidity | 20 to 33% overcollateralisation. Monthly redemption windows with notice and gates. |
| Governance | Annual Big-4 audit. |
The same strategy and the same underwriting are distributed through a NAV-accruing vault, supported by institutional DeFi infrastructure. Institutional capital accesses the asset on-chain, without building the origination engine behind it.
Standard vault interface supported by institutional DeFi infrastructure.
KYC and AML gated at the smart contract level. Transfers restricted to verified institutional addresses.
Access restricted to eligible institutional and professional investors under a compliant, permissioned framework.
Distributed through curated institutional vault infrastructure. Institutional stablecoin treasuries as anchor depositors.
Access is open to eligible institutional and professional investors.
Request access →Candour Finance is in discussion with institutional allocators for its first on-chain vault. We welcome enquiries from eligible institutional and professional investors.