Alessio Marinelli
Founder & CEO
Fifteen years pricing credit risk at KPMG and Deloitte, a decade in structured finance across Asia, then co-founder of Monetalis, where he ran $1.7bn of Maker real-world asset vaults at peak.
About Credi
Our aim is to show that tokenized real-world assets can be an effective, stable and secure way for on-chain liquidity providers to diversify, through high-quality fixed-income products.
1
Our services
Tokenized private credit portfolios: verified receivables financed on-chain, repaid by regulated acquirers, paying fixed rewards.
2
Our experience
Real-world asset portfolios built for DeFi since the first Maker deployments, with $1.7bn managed at peak and zero realised losses.
“Decentralized ledgers bring transparency and efficiency to liquidity providers who have, for far too long, dealt with slow, overly complex processes and black-box vehicles.”
Approach
Three things every vault is built to solve for, in that order of priority.
1
Capital preservation
- Capital deployed into high-quality invoice and receivables finance facilities
- Structural loss protection of 20% to 25% built into every deployment
- Fixed and floating charge on the borrower's assets
- Second-loss reserve: Credi retains 10% of its net revenues in the portfolio
2
Returns
- Sustainable rewards from non-cyclical, secured private credit portfolios
- Assets that can pay double-digit rates
- Actively managed portfolio
3
Liquidity
- OTC secondary market
- Invoice finance has a weighted average life of 45 days
- Receivables finance has a weighted average life of 7 days
Our experience
Monetalis
Osprey: Credi's first deployment
Alessio co-founded Monetalis and served as its Chief Risk Officer. As an appointed arranger for MakerDAO, Monetalis developed, proposed, built and managed the legal structures and partner networks connecting TradFi and DeFi, including the Clydesdale and Coinbase Custody vaults.
$0.0bn
managed at peak across these structures
MakerDAO
Clydesdale: balance-sheet range
Designed for capital preservation and strict liquidity requirements while paying attractive yields. Clydesdale deployed capital into a short-term US T-bill ladder and money-market ETFs, and has paid yield and capital back to Maker since inception.
0
realised losses since inception
Team
Credit underwriters first, on-chain builders second. Decades of pricing risk before a single line of it was written to a contract.
Pedro Cerdeira
Head of Partnerships
Over 25 years of enterprise sales and business development at Oracle, EMC, HP and Accenture. Former General Partner at 3Comma Capital and board member at Investors Portugal.
Want to make a positive impact with your loans?
Talk to us about our social responsibility initiatives and the businesses the vaults finance.