Turn your idle dollars into yield that compounds.

Deposited USDC is routed into curated asset-backed finance, and the interest compounds back into your position.

Coming soon Documentation

You bring the asset
we handle the yield

Making yield standard on tokenized credit

These are the assets arriving onchain fastest, and the ones that pay their holder nothing once they land. That is where a yield layer has to sit.

One deposit, handled end to end

You keep the asset and the exposure you already wanted. Sourcing, allocation, monitoring and redemption run underneath, and you see a single position the whole way through.

Position

Keep the asset, add the yield

Nothing is sold and nothing is handed over. The vault sits on top of the position you already hold, so your exposure to the underlying is exactly what it was before, with a yield running on it.

Your position Any tokenized asset Exposure unchanged Yield layer Sits on top of what you already hold
Operation

One position, everything underneath

Sourcing, allocation across originators, accrual and reporting all run below the surface. There is nothing to claim and nothing to rebalance: the interest accrues in the value of what you hold.

1
position to manage
Interest accrues in what you already hold
Exit

Exit, sequenced

A liquidity sleeve absorbs ordinary redemptions so the underlying is never forced to sell. The waterfall is disclosed rather than hidden, because private credit is not an instant exit asset class.

Redemption queue
Liquidity sleeveAvailable
NettingStep 1
Secondary transferStep 2

Frequently asked questions

Agama is a yield layer. Tokenized assets are arriving onchain quickly and almost none of them pay their holder anything. We sit on top of the asset you already hold and return a yield on it, so the position keeps doing what you bought it for while the capital underneath is put to work.

Senior-secured, asset-backed credit. Businesses borrowing against real receivables and repaying them: trade receivables, trade finance, payment flows, consumer credit. Average life is 30 to 180 days at a 70 to 85% advance rate. It is interest paid by borrowers, not token emissions, and it stops if they stop paying.

No. Nothing is sold and nothing is handed over. Your exposure to the underlying is exactly what it was before. You hold a single position whose value accretes as interest accrues underneath, so there is nothing to claim and nothing to rebalance.

Each facility carries an originator-retained first-loss tranche that absorbs losses before the senior position you hold. The collateral is short duration and granular, so it winds down on its own rather than depending on a refinancing. Concentration limits per originator and per jurisdiction are enforced by the contracts, and each facility is ring-fenced in its own vehicle.

Redemptions are submitted at NAV through a weekly settlement window, and a liquidity sleeve absorbs ordinary ones so the underlying is never forced to sell. A weekly window is not a guarantee of liquidity at par: the underlying is private credit, and in stressed conditions redemptions queue. The waterfall is disclosed rather than hidden.

The yield is a target, not a realised track record. First loss is real but finite, so a severe credit event in the underlying facilities reaches the senior position. Redemptions can be queued. Treat this as a medium-term allocation and size it as capital you can leave in place. We would rather you weigh that now than discover it later.

Put your assets to work

Tell us what you hold and the size you are considering. We come back with the vault that fits, the terms, and an honest read on the risk.

Coming soon