Lending to institutions & RWA issuers

Vault deposits are represneted by non-transferable receipt tokens tracking a pro-rata claim on vault assets. These vaults are not offered or accessible in Korea; access is geo-fenced.

The yield could come from:

• Trading strategies from hedge funds, quant teams, and prop trading firms;

• Private credits of cash-flow (non-public) companies;

• RWAs such as tokenized commodities where banking interest yield is offered; etc.