Apply
Terms accepted
Trade state opensDecentralized letter of creditNo bank.
No bank.
No wait.
The buyer's USDT is locked in a smart contract. Documents are verified, and payment releases the moment they clear.
Base L2 · USDT escrow · Document-verified release
$104,000Istanbul → Misrata
Locked
Documents verified
Released
ARKAS · vessel INGA A
How it works
Letter of credit, executed as code.
Same trade discipline. Faster trust layer: escrow, verification and settlement on-chain.
- LC
- OPEN
Open
Credit opened
Contract created - USDT
Lock
Funds blocked
Escrow live - DOCS
Verify
Documents checked
Signal posted - PAY
Release
Compliant presentation
Seller paid
LC steps
- Apply
- Open
- Verify
Smart contract
- Create
- Escrow
- Release
Network
- Base L2
- Audit trail
- Wallets
Why dL/C
The same assurance, without the bank.
A traditional letter of credit routes every step through banks: opening, advising, confirming, then checking documents by hand. Each handoff adds fees, days, and another chance for paperwork to be queried. dL/C keeps the instrument and removes the intermediary.
Platform
Everything a documentary credit needs, in code.
AI-verified documents
Document intelligence reads the bill of lading, invoice and insurance, then matches every field against the credit.
Cross-reference checks
Amounts, dates, ports and parties are matched across documents. Nothing may conflict; that is what triggers payment.
Multi-party trade
Buyer, seller and inspection company each hold a verifiable on-chain identity and sign their part of the deal.
KYB Blue Verification
Optional business verification. Verified companies earn a Blue Check that counterparties can rely on.
Security
Security is the product.
Trade finance only works on trust. Every layer is built so you never have to take the word of either party, or the platform.
The platform never holds funds
Locked USDT sits only in the smart contract. It is never used for staking or yield, and never routed through the platform.
Governed upgrades
UUPS proxy pattern with a 3/5 multisig and a 48-hour timelock on every contract change.
Verified identities
Tiered KYC and optional KYB business verification, with a trust score counterparties can check.
Audited before mainnet
An independent third-party audit is required before going to mainnet on Base L2.
Who it's for
Built for both sides of the trade.
Importer · Buyer
Pay only against verified documents
Lock the funds in escrow, set the letter-of-credit terms, and approve or reject documents. Your USDT only moves when the paperwork checks out.
Exporter · Seller
Ship knowing the money is already there
The payment is locked before you ship. Upload the shipping documents, and receive automatic settlement the moment they are verified.
Settle your next trade without a bank in the middle.
Escrow-secured, document-verified, cross-border settlement on Base L2. Create an account or talk to us about a pilot.