Introduction to CLC
Crypto-collateralized revolving credit you embed in your platform through a white-labeled API. CLC is the lender of record; you own the brand and the customer experience.
CLC provides crypto-collateralized revolving credit, a Portfolio Line of Credit (PLOC) and Spot Portfolio Margin, that you embed in your platform through a white-labeled API. CLC is the lender of record, and you own the brand and the customer experience end to end.
How it works
- Your end customer pledges assets they already hold in their own account at the qualified custodian. CLC places a lien and a withdrawal floor on that account. The assets never move to CLC, and proceeds are never routed to a trading venue.
- Against that collateral the borrower draws loan proceeds (revolving: draw, repay, draw again).
- The borrower keeps trading and withdrawing freely above the floor.
- CLC continuously values the collateral. On a floor breach CLC raises a ladder margin warning carrying a cure amount and a deadline. Left uncured it escalates, and CLC instructs the custodian to sell the whole portfolio at a CLC-assigned venue. That instruction is the only execution CLC ever issues.
- On full repayment CLC releases the lien and the account is unrestricted again.
Who does what
| Party | Responsibilities |
|---|---|
| You (tenant) | The customer relationship, the brand and the UX. Customer KYC as the first line, which CLC then verifies independently. Calling the CLC API to onboard borrowers, request facilities, draw and repay. Surfacing margin-warning and margin call notices to your customer. If you operate a regulated trading venue, it may serve as the CLC-assigned execution venue. |
| CLC | Lender of record and servicer. Independent KYC, KYB and AML verification, and the final acceptance decision. All credit logic, meaning limits, pricing and LTV. Lien and floor registration, the margin-warning ladder, and margin call decisions and venue assignment. |
| Qualified custodian | Safekeeps the borrower's assets in the borrower's own account, enforces the withdrawal floor, executes transfers, and releases collateral for margin call. |
| Liquidity partner | Executes margin call sales at the CLC-assigned venue and returns the execution records used to document commercial reasonableness. |
| Borrower | Pledges collateral, draws and repays on a revolving basis, trades and withdraws freely above the floor, and cures margin warnings. |
Updated about 2 months ago
Did this page help you?