cap

By using Cap for their borrowing needs, firms like Flow Traders using Lombard's Bitcoin Onchain Credit Strategy can now enter a market that has historically been difficult for institutions to access. Here's what makes it work. Onchain lending has always required borrowers to post their own collateral. Cap separates those roles: the collateral becomes the underwriter's responsibility, not the borrower’s. In this case, Lombard is the underwriter vouching for institutional borrowers through its Bitcoin Onchain Credit Strategy. The result is a structure where every participant wins: → Flow Traders borrows in a capital-efficient way → Cap depositors are covered against borrower activity → Bitcoin Onchain Credit Strategy depositors earn a premium for providing protection And none of it runs on manual intervention. Cap's automated marketplace uses smart contracts to allocate capital, with financial guarantees enforcing every outcome. By aligning incentives so that each participant acts in their own self-interest, the system is built to be antifragile. This onboarding reflects Cap's continued momentum in bringing institutions onchain as a trusted, reliable source of capital. More to come, soon.

Breaking Leviathan Atlas is now charting cap. USD yield, private credit, and financial guarantees.

From stablecoins to tokenized money market funds, there are all kinds of digital dollars onchain. At Cap, we are building a credit platform that allows these assets to reach their full potential, Stablecoins can be used for lending while underwriters can use TMMFs as collateral.

What makes Cap's credit model unique from all the rest? Scalability. Financial guarantees create a real marketplace where underwriters are able to originate an unlimited amount of loans and vouch for borrowers from a variety of credit use cases.

How can institutions better align the incentives of decision makers and those affected by them? Through smart contracts, Cap has answered this by building a credit platform backed by financial guarantees, turning trust into something that's verifiable and enforceable.

Cap has been onboarded as a BENJI client and will be able to service Franklin Templeton's Tokenized Money Market Fund as a supported deposit asset. This approval is the first step for BENJI holders to access Cap's covered credit infrastructure.

How does crypto fix private credit? When these funds reach a certain scale, it becomes impossible for committees to allocate effectively. Instead of relying on people, crypto creates markets for credit that remain competitive for lenders, borrowers, and underwriters. Yes, this is exactly how Cap works and is the basis for the entire platform.

Cap Founder and CEO Benjamin Sarquis Peillard was featured on Yahoo Finance and Coinage sharing his insights about how Private Credit can be improved onchain.