Unified Debt & Equity Network (UDEN): A New Approach to the Debt Market
Introduction
Traditional factoring and lending involve high costs and lengthy processes. Our Service offers a revolutionary solution: we tokenize debt into Digital Financial Assets (DFAs), reducing client costs by up to 80% and unlocking new opportunities for partners.
Project Essence
We convert receivables from various counterparties with different credit ratings into standardized DFAs — a “debt-backed stablecoin.”
Our Service is suitable not only for debt but also for the tokenization of other assets such as real estate, ships, inventory, and more.
Our DFAs can be:
- Redeemed at face value at any time.
- Used for settlements with counterparties.
- Sold on the secondary market.
- Used as collateral or in REPO transactions.
- Subject to other legally permitted DFA transactions.
How It Works
- Client submits a receivable (e.g., for delivered goods).
- Service evaluates and purchases the debt at a discount, then issues DFAs equal to “debt minus discount.”
- Client uses DFAs: sells them, settles with counterparties, redeems them, etc.
- Service processes DFA transfers and pays face value for DFAs presented.
- Cashback: once the Service collects from the primary debtor, the client receives the difference between the initial discount and actual financing costs.
Example
- A client sells a €5 M receivable from LIDL (90-day term). The Service purchases it for €4.932 M and issues 49,320 DFAs (face value €100 each).
- The client sells some tokens on the secondary market, keeps some, and uses some for settlements.
- Eventually, the DFAs are redeemed by the Service in this order:
| Redemption Day | Number of Tokens | Service Finance Costs |
|---|---|---|
| 2 | 1 560 | €1 636,08 |
| 15 | 4 567 | €4 082,15 |
| 34 | 15 640 | €10 438,09 |
| 48 | 12 540 | €6 276,87 |
| 85 | 3 590 | €213,92 |
| 126 | 7 490 | €0,00 |
| 250 | 3 933 | €0,00 |
The maximum “cashback” in this transaction is €52 900. By the time the €5 M is received from LIDL, the Service had raised external financing to cover DFA redemptions and spent €22 647,11 on interest, so the remaining €30 252,89 will be paid to the client — effectively lowering the cost of funds to 3 % annually instead of 4.5–5.5 % under traditional factoring.
The Service earns 0.30 % of the LIDL debt amount — €15 000.
Benefits for Clients and Partners
Clients: Save up to 80 % compared to traditional lending, enjoy flexibility in DFA usage, simplified cross-border settlements, and additional liquidity from tokenized assets.
Partners: Expand product offerings without increasing capital requirements, boost liquidity, earn agency fees, gain additional interest income, and attract new clients.
Scalability
The Service is a centralized blockchain-based SaaS platform with smart contracts and an open API available to any bank or financial institution. Partners can integrate rapidly, onboard clients, launch products, and generate income with minimal effort. As a SaaS platform, it enables rapid market expansion and establishes a strong competitive moat.
Key People
-
Viktor Ivanov
15+ years in IT startups, finance, tokenization, and algorithmic trading
-
Aleksey Karchazhkin
20+ years in banking top management, B2B development, strategy (Citi, Barclays)
Partnership Offer
We are seeking a partner bank willing to provide access to its API, financial infrastructure, and liquidity. We are open to joint ventures or other cooperation structures.
Project financing can be arranged independently through our own funds and several venture-capital firms. We are also open to bank-side financing and would be happy to see you as our key partner.
We propose establishing a joint venture – the UDEN Platform Developer – to co-create a next-generation infrastructure for digital debt and equity markets.
Contact: +351 911 53 83 81 | vik@iva.vc