Audited bullion, base metals, certified inventory, authenticated art — valuable, documented, and doing nothing. On.Chained turns real-world collateral into working capital without forcing a sale: risk isolated per loan, recovery enforced in the real world, no oracle-driven liquidation.
Decades of discipline in underwriting and enforcing real-world credit. But execution is slow and fragmented, and good collateral sits trapped because no one sees the book in real time. Financing an audited metal position can take months, if it happens at all.
Efficient, global, programmable — but built for assets that trade every second. It cannot price an illiquid commodity or enforce a claim in a vault. Forced onto real assets, it falls back on price oracles and liquidation cascades that simply do not hold.
Real-world assets have been tokenised, traded, and held. Never properly lent against. On.Chained is the first platform built to change that.
Your collateral is audited, stored, and idle. Put it to work and keep the upside.
Returns from real borrower interest against documented collateral — not recursive leverage or narrative yield.
Liquidity is pooled for efficiency. Every exposure is its own contract with its own lifecycle and loss profile. One problem deal never becomes a pool-wide event.
We start from what can be claimed and enforced, by whom and on what timeline — not from a price feed. Default begins a work-out, not an instant auction.
Every loan runs as a defined lifecycle with auditable transitions. Humans decide; the system records each decision as a state you can replay from origination to settlement.
A live view of when capital is committed, deployed, and expected to return, read from the state of every active contract rather than from a static term sheet.
The asset is documented, reviewed, and tokenised first. Capital moves last.
One deal defaults. The rest of the pool stays whole.
Under stress, value is worked out and recovered — not auto-sold at the bottom.
Senior secured lending against audited commodities and forward production, under the On.Chained brand. The proving ground and first performance data.
The same machinery behind other brands — tokenisation platforms, stablecoin issuers, exchanges, custodians. Our engine, their distribution.
The architecture itself, licensed to insurance, banking, and capital markets. Long-term licence and maintenance economics with established institutions.
What counts as eligible collateral, how conservative LTV is set, and why enforcement matters more than liquidation.
Read →Two models for two kinds of collateral — and why automated liquidation fails for physical, legal assets.
Read →Isolated, contract-by-contract lending with real-world enforcement, next to tokenised pool tranches.
Read →Building with AI? Structured, machine-readable facts for LLMs and agents live at /agents and /llms.txt.
It lets owners of audited collateral — bullion, commodities, fine art, inventory — borrow working capital while keeping ownership. On.Chained lends where the collateral exists in the real world and recovery is enforced through legal rights, not price oracles.
Assets that can be independently valued, securely stored, and legally encumbered: vaulted bullion (gold, silver, platinum), base metals such as copper cathodes and concentrate, certified inventory, authenticated fine art and collectibles, and enforceable forward-production structures. Native crypto tokens are not accepted.
LTV is calculated from verified collateral value, then discounted for liquidity, custody risk, insurance coverage, and enforcement complexity — a conservative advance ratio that leaves room to recover if markets move against the position.
A default begins a structured work-out against the collateral — claiming security interests and pursuing legal remedies — rather than an automated fire sale at a screen price. Recovery is planned before the loan is originated.
DeFi lending is built for crypto assets that trade continuously and can be liquidated by a price feed. RWA lending is built for physical, legal assets valued by independent audit and recovered through legal enforcement rather than automated liquidation.
No. Nothing on the site is an offer of securities or a solicitation to lend or borrow. All facilities are subject to definitive documentation, independent collateral review, and underwriting.
Not an offer of securities or a solicitation to lend or borrow. All facilities are subject to definitive documentation, independent collateral review, and underwriting criteria. See our Terms of Use and Privacy Policy.