A shop's verified revenue becomes a short bond.
Verdict on-chain, revenue off-chain, settles itself — real testnet infrastructure. Every number on this page is queried live from the running app.
Businesses registered
9
Bonds issued
3
Total face value
$43,920
Transactions synced
192
Why small-business credit is broken
Small businesses are cash-flow rich, credit-history poor
A shop with a year of steady card revenue often has no bank credit history at all — traditional underwriting can’t see the thing that actually predicts repayment.
Underwriting is opaque, one-off, and manual
A human reads bank statements once, sets a rate once, and the process doesn’t repeat itself or get cheaper as the platform grows.
Off-chain revenue never becomes on-chain credit
Stripe/POS data sits in someone else’s database. There’s no trust-minimized bridge from "real revenue happened" to "a bond got priced and issued."
Seven steps, every one of them real infrastructure
Not a demo trick
Only the verdict goes on-chain
A Chainlink CRE workflow reads aggregate revenue and applies the policy. Only a verdict, coupon rate and reason code go on-chain. It is written for a TEE, but the enclave is not running yet, so this is not confidential today.
Issued as a real bond
That verdict sets the coupon rate on a bond issued through Hedera's Asset Tokenization Studio — a real fixed-rate instrument, not a token invented for a demo.
Settles itself
Coupons and redemption fire on real Hedera Scheduled Transactions — no keeper bot, no cron job, no human watching a calendar.
Priced in public
Every issuer's repayment history is indexed by a Graph subgraph into a public, queryable register — credit earned by repayment, not by paperwork.
Real bonds this instance has issued
Independently checkable on HashScan — nothing here is fixture data.
Lifecycle Demo Co
- Token
- 0.0.10519251 ↗
- Tx
- 0x23a34397f9f0009c… ↗
- Coupon
- 4.12%
- Face value
- $14739
Corrados Deli
- Token
- 0.0.10479070 ↗
- Tx
- 0x0edbe1a711f4415a… ↗
- Coupon
- 4.40%
- Face value
- $14442
Corrados Deli
- Token
- 0.0.10425775 ↗
- Tx
- 0x936eb4df58f5238f… ↗
- Coupon
- 4.12%
- Face value
- $14739
Every claim on this page is checkable
Open any link — public explorers, no trust in this UI required.
Hedera testnet
Ethereum Sepolia
The Graph
Or query the repayment register directly at https://api.studio.thegraph.com/query/1758893/tally-register/v0.0.2. Full walkthrough: /proof · /register-lookup · /market.