Self-custodied escrow
Funds sit in an audited diamond-contract escrow — not on a custodian's balance sheet. Only the contract's rules can move them.
Blockchain escrow for international trade
The letter of credit, rebuilt for the on-chain era
Crypto Letter of Credit locks the buyer's funds in a smart-contract escrow and releases them against verified shipment milestones — without the week of bank paperwork, and without trusting a counterparty you have never met.
- 0 paperwork
- settlement is code, not forms
- 2-of-N
- guardian recovery for every wallet
- E2E
- sealed deal-room messaging
Escrowed funds move only when both the goods and the terms agree
The flow
From contract to payout in four moves
Every step is a smart-contract state change. Nothing is hidden in a bank's back office.
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01
Agree the terms
The exporter drafts the letter of credit: amount, token, routes, Incoterms, deadlines.
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02
Fund the escrow
The buyer deposits stablecoins into the escrow. The rest is locked — visible to both sides, touchable by no one.
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03
Ship by milestones
Break the deal into milestones: goods loaded, documents presented, delivery confirmed.
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04
Cash out
The applicant signs the payout and stablecoins land in the beneficiary's wallet.
Why it is different
Banking-grade guarantees, cryptographic execution
CLoC is not a promise to pay. It is money already locked in a contract that only your agreed terms can unlock.
Milestone payments
Propose, confirm, complete: granular milestones release tranches exactly when the trade advances.
Passkey accounts
Sign with a fingerprint or hardware key. The private key never exists in the browser — an XSS has nothing to steal.
Recovery that works
Lost a device? A 2-of-N guardian set rotates your account key. Same address, same roles, same escrow — nothing to migrate.
Sealed deal-room
Chat per letter of credit with end-to-end encryption. Compliance reads a thread only after an on-chain escalation — and the contract records it.
Emergency hatch
If the system is ever paused, both parties can jointly pull their escrowed funds back after a delay. The exit never depends on one operator.
Who it is for
One instrument, four vantage points
Trade finance has always been a dance between parties who trust the paper, not each other. CLoC makes the paper executable.
Exporters
Get paid against documents, not promises. See the money locked before you load a single container.
Importers
Pay only when milestones are met. Every release is signed by you — or not released at all.
Inspectors & agents
Confirmation of shipment becomes a milestone signature. Your word moves real money, traceably.
Compliance
Read any escalated deal-room, arbitrate disputes, enforce policy — with every action written on-chain.
Questions
Asked before you ask
Is this a stablecoin I have to trust?
No — CLoC is escrow logic, not an issuer. You choose the asset and the chain. The contract holds whatever you deposit and follows only its published rules.
What if the counterparty disappears?
Until funding, either party can revoke their signature and the deal evaporates. After funding, disputes go to compliance arbitration; a jointly-signed emergency hatch can always return funds while the system is paused.
Do I need cryptocurrency experience?
No. You sign in with a passkey — the same fingerprint or security key you already use. There is no seed phrase to write down and no wallet extension to install.
What happens if I lose my device?
Your guardians rotate the account key to a new passkey. The account address — and every letter of credit attached to it — stays exactly where it was.
Who can read my deal documents?
Only the two parties. Documents and chat are end-to-end encrypted; even the server stores sealed envelopes. Compliance unlocks a thread only after an on-chain escalation that both the contract and the audit trail record.
Ship the trust. Keep the terms.
Open the app, connect a passkey and issue your first on-chain letter of credit in minutes.
Open the app