Meet Credium: A Quantum Leap for the Credit Industry

We’re using blockchain to build a new infrastructure for the massive credit industry and drive the efficiencies back to society
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The Credit Industry is Central to Our Lives

Credit is the world’s most important financial engine. It pushes our society forward through loans, mortgages and credit cards, affecting everyone from individuals to the largest corporations.
Problem illustration
Solution

Innovation has Focused on the Exterior

Over the past several years we’ve seen significant innovation in customer acquisition, underwriting, conversion, loan products, and other exterior solutions. Yet the “back end” of this industry, where multi-trillion worth of credit assets are being bought and sold after they are originated, has remained relatively antiquated, opaque and inefficient.

Credium Creates New Pipes for the Credit Industry

We are introducing a new type of credit database - a blockchain-based shared ledger of credit assets that eliminates intermediaries in the $18T (US alone) industry. Credium allows all stakeholders to transact fluently and securely within a uniform infrastructure - reducing costs, increasing efficiencies, and driving the resulting savings back to society.
What is credium

Introducing The CDM Token

The utility token issued by Credium for interacting with the regulated Credium platform:

  • Executing trades
  • Permission/payment-based access to credit data
  • Statistical performance and underwriting data to developers of credit models
  • Services to support transactions in listed assets, including loan servicing, portfolio/loan insurance, collections and other external services.
Senior Management
Gilad Woltsovitch
Co Founder, CEO
  • Founder and CEO of Backed – Pioneer in online lending to Millennials
  • Early Ethereum advocate and Ethereum ICO Contributor
  • Amongst the Initiators of the Ethereum IL community
  • Blockchain and online lending expert since 2014 and a dominant blockchain and crypto investor
Kfir Hod Moyal
Co Founder, President
  • Serial entrepreneur with 3 exits and 1 IPO of $350M
  • Co-Founder and ex CEO/CTO of Matomy (MTMY:LN)
  • General Partner & Co-Founder of Cyhawk Ventures, Active Chairman of BiScience
  • Blockchain expert since 2014 and Crypto Investor
Dan Eblagon
Co Founder, CMO
  • Strategic marketing for Fortune 500 and Startups
  • Co-Founder of UTURN – merged to Grey Group
  • Head of digital, Grey TLV (P&G, Microsoft, Intel and more )
  • Seasoned Investor in Blockchain Technologies
Advisors
Elan Amir
Advisor
  • Chief Product Officer at Prosper – Managed over 150 tech and product personnel to build the 2nd largest P2P lending business
  • President & CEO at Bivio Networks
  • Blockchain technology enthusiast with over 20 years of experience in the technology and fintech industries
  • PhD, Computer Science, UC Berkeley
Scott Wornow
Advisor
  • Former Senior Vice President, Chief Legal Officer, Chief Compliance Officer&Corporate Secretary at Atmel Corporation
  • Partner at Goodwin Procter LLP
  • Partner at Baker Botts LLP
Yoni Assia
Fintech and Crypto Advisor
  • Founder & CEO of eToro group
  • Fintech and Crypto investor
Raphael Ouzan
Fintech and Blockchain Advisor
  • Entrepreneur In Residence at Thrive Capital*
  • Founder, CTO & Head of Product at BillGuard (acquired by Prosper Marketplace)
  • VP, Product & Technology at Prosper Marketplace
  • Leading blockchain technologies screening for top tier vc’s
Eytan Shain
Marketplace Lending Advisor
  • Analyst at StormHarbour Securities LLP
  • Global Strategy and Business Development at BLender P2P Lending
Ru Yuan
Credit Risk Advisor
  • Credit Risk Director at Backed Inc.
  • Vice President, Credit Risk Strategy and Analytics at Barclaycard
Mihai Cucuringu
Applied Mathematics
  • Alan Turing Research Fellow, University of Oxford
  • CAM Assistant Adjunct Professor, Applied Mathematics at UCLA (LA)
  • Associate in Quantitative Trading/Statistical Arbitrage, Bank of America
Eyal Hertzog
Crypto-Economic Advisor
  • Leader in the blockchain community
  • Product Architect at Bancor Foundation
  • Co-founder & Product Architect AppCoin
  • Co-founder, President and CCO Metacafe Inc
Team
Taras Herasymchuk
Lead Blockchain Developer
  • Full stack Developer, Java engineer
Аrtem Мustafa
Software Engineer
  • Back-end developer
Оlga Кondratenko
QA Engineer
  • Quality Assurance Engineer with more than 6 years of working experience in web and desktop projects.
Denіs Аndrikevich
Software Engineer
  • Front-end developer
Yuliа Repetskа
Agile Product Owner
  • Experience in managing of distributed and cross-functional teams (20+ people).

The World Is Waiting For Credium

The credit industry is lacking a secondary market to become a tradable asset class

Credium in the press

Road Map

Q1 2018
Pre-sale announcement
Q2 2018
TGE + Commencing integration with design partners
Q3 2018
Alpha is live, announcing Credium partnership program
Q4 2018
Releasing private exchange beta with selected partners
Q1 2019
Launch Open Risk Marketplace
Q2 2019
Complete regulatory framework for the Credium Global Exchange
Q3 2019
Launch USDC Index product
Q4 2019
Launch UK and HK Credium operations

FAQ

Why Blockchain?
General purpose blockchains allow for digital assets to be transferred efficiently between different closed systems; it allows:
• Direct transaction between market participants
• Performance-based and unbiased risk scoring
• Asset metadata is always up to date (every~10 Sec)
• Immutable provenance and historic performance
• Fair access to all market participants
• Connecting crypto investors to the credit markets
How is Credium different from multiple blockchain lending platforms recently launched?
Credium is not an online lender - it does not issue loans to borrowers, nor does it handle any borrower personally identifiable information. Credium operates a secondary market for loans, allowing anyone who owns borrower notes (whole or fractional loans), i.e the beneficiaries receiving the repayments - to liquidate these notes by tokenizing and trading them in a transparent, frictionless, decentralized exchange.
Why Use the CDM Token?
CDM utility tokens are used to pay the fees, which are required for interacting with the Credium platform. When interacting with the Credium platform, users receive assurance that the underlying assets and tokens exchanged are in full compliance with the regulation in each market, which Credium operates in.
As a regulated platform, Credium ensures all notes exchanged on the CDM platform are issued by regulated entities, and that all risk models used to price them are in full compliance with specific regulations to the region in which the underlying loans have been originated
Is CDM similar to the Securitization Markets for Loans?
No. Credium operates CDM as Secondary market for trading matured notes, originally issued on primary lending markets. In the Securitization markets pools of assets are bundled together, rated as tranches and sold off by several intermediaries allowing price distortions to occur. In a secondary market each asset is being exchanged independently and is not buried within a large complex financial instrument.
To further mitigate price distortion, CDM also does not allow any bid/ask auction type trading, and uses its proprietary Open Risk Marketplace to maintain a tight correlation between the risk and the price of each note.
How is CDM solving mark-to-market and price discovery?
Using the Open Risk Marketplace, CDM eliminates the need for an auction based bid/ask process to perform price discovery. While the bid/ask method may be suitable for the stock or commodity markets, it has proven more than problematic when it comes to pricing loans, and that is part of the reasons why the securitization markets are the only cross-platform outlet available to some investors today, to liquidate loans.
The open repository of publicly available risk models hosts transparent risk models, with immutable accuracy and historic performance scores, linked directly to the assets exchanged on CDM, and allow any risk analyst to publish, modify and monetize their trained models.

These publicly available models allow both sides of the market to price the notes independently, and either agree or disagree on the trade. Once the seller chooses to list the note, he or she can choose one of the available risk models to evaluate the note’s risk and based on the selling price, he can immediately see the timeframe in which notes with a similar combination risk profile and price have been sold before on CDM.
Does Credium offer automated Trading?
The second major release of CDM will allow for algorithmic portfolio management. Using CDM automated trading tools, buyers will be able to select their prefered risk models from the Credium Open Risk Marketplace and set a strategy that will maintain their portfolio balanced based on their preferred risk appetite, i.e. re-investing monthly returns automatically.
Is CDM regulated?
Yes. This is the reason Credium is issuing the CDM token - to ensure the smart contracts it deploys are used by the market participants it validates. All assets and market participants must comply with the regulatory requirements of the various credit markets in which CDM will be integrated to.
What fees are charged on CDM?
Fees on CDM are paid using the CDM token and are used for:
  1. Scoring assets on ORP
    • The fee is set by the risk model publisher(s) and paid by anyone scoring a note.
  2. Trading fees
    • Sellers and buyers pay a fee to the Credium platform when Tokenizing, and purchasing notes.
    • Credium pays fees to Oracles for validating the note payments.
    • All trading fees are balanced to equal 0.5% of the USD note value.
  3. Exchanging any liquid stable tokens to BTC ETH or Fiat
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