BlackOpal
@blackopal_fi
an intelligent system for emerging market asset-backed finance.
86 Following 2.7K Followers
Great to see high quality EM ABF expand its reach. First looping, now tranching of nOPAL, built on our institutional-grade receivables. Clever innovation from @strata_markets. RWA composability keeps stacking.
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Good piece on why tranching is the unlock for onchain ABF.
Worth pausing on the nOPAL mention: those Brazilian credit card receivables are manufactured by BlackOpal. Regulated settlement rails, true sale, CERC registry, 0.0% defaults. That's what an excellent asset side takes.
Strata is right that granularity fixed the first problem and the capital stack comes next. Structures built to investor mandate is exactly where this market is heading.
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