September 1, 2025 — XDC Network, via their VC arm — XDC Ventures, has committed $1 million into Kasu Finance as the lead investor in the company’s latest funding round, marking a major strategic partnership between the two parties in the fast-evolving real-world asset (RWA) and private credit space.

The agreement represents more than just capital; Kasu and XDC will collaborate on a suite of synergistic initiatives aimed at expanding access to institutional-grade, risk-adjusted yield in the DeFi landscape, further positioning XDC as a leader in on-chain private credit and trade finance.

Thibault Delrue, XDC Ventures Manager: “Our investment in Kasu reflects our strong conviction in the growth of real-world assets on-chain. Deploying private credit assets on XDC — such as receivables financing — opens high-quality yield opportunities for lenders. We look forward to helping Kasu scale these strategies on XDC, strengthening our ecosystem as the leading settlement layer for real-world finance.”

As part of the collaboration, Kasu will integrate natively with the XDC Network, enabling users to deposit stablecoins via XDC-native wallets and directly access high-yield, real-world credit opportunities without the need to bridge across chains. This opens the door to seamless participation in Kasu’s programmable credit infrastructure, which currently includes a $40 million senior lending facility and over $500 million in institutional interest.

“We’re thrilled to welcome XDC as both a strategic investor and long-term partner,” said Luke Lombe, Founder of Kasu. “Their trade finance focus, RWA-native infrastructure, and global network make them a perfect match for Kasu’s mission to unify TradFi and DeFi — compliantly.”

XDC Network is distinguished in private credit, as the only blockchain platform member of the International Trade & Forfaiting Association, a global alliance of trade banks, credit insurers, and fintechs — and an active member of the ITFA’s Trade Finance Distribution initiative. Kasu Finance, itself, has recently been accepted into the prestigious TFDi working group, unlocking further technical alignments and global business synergies.

Through the partnership, the XDC Network ecosystem will support Kasu’s expansion by facilitating introductions to new credit originators within the global trade finance ecosystem. These originators, ranging from invoice and supply chain finance firms to logistics-based lenders, will broaden the credit marketplace on Kasu — creating new yield pathways for stablecoin depositors, giving originators access to programmable liquidity via DeFi.

“XDC is designed to power the next generation of finance, where real-world assets, smart contracts, and global capital flows converge. XDC Network is very excited by this collaboration — Kasu’s approach to DeFi is significant, showing equal measures and attention towards innovation and compliance,” said Sean White, Australian Ecosystem and Business Development Manager for XDC Network.

Among the most exciting technical initiatives under discussion is the launch of a Kasu Liquid Wrapper on XDC Network. This wrapper token would represent a staked position in Kasu’s private credit vaults and be tradable on licensed decentralised exchanges (DEXs). This innovation is aimed at unlocking liquidity for users while maintaining full transparency and regulatory alignment.

Key Points of the Strategic Collaboration:

• $1M investment from XDC Ventures as anchor investor in current $5M round
• Native integration with the XDC Network, enabling stablecoin lending via XDC wallets and direct access to real-world credit without bridging
• Onboarding of new credit originators via XDC Network’s global trade relationships creating new opportunities for stablecoin lenders and programmable liquidity for credit originators
• Trade Finance Distribution Initiative member, Kasu becomes a trade innovator among other cutting-edge Trade fintechs
• Launch of Kasu Liquid Wrapper token representing staked positions tradable on licensed DEXs for enhanced liquidity
• Roadmap toward exclusive credit tranches and institutional dealflow on XDC

Kasu Finance is currently live, onboarding stablecoin deposits and deploying capital across vetted credit deals. With this new strategic partnership, both parties aim to accelerate the adoption of real-world finance on-chain, expanding the reach of private credit beyond traditional borders and technical barriers.

For more information on Kasu Finance, or XDC Network, visit kasu.finance and xdc.org.

Or read more here on www.bitcoin.com in an interview with Sean, Thibault, and Luke.

About Kasu

Kasu is a next-generation credit infrastructure platform that connects DeFi capital to vetted real-world credit opportunities. Backed by institutional lenders and integrated with compliant RWA protocols, Kasu offers any lender depositors access to yield-generating credit markets through smart contracts and structured tranching.

About XDC Network

XDC Network is a Layer 1 hybrid blockchain purpose-built for real-world finance and assets. Designed to support global trade, tokenization, and institutional DeFi use cases, XDC combines the security and decentralization of public blockchains with enterprise-grade performance and privacy, via its base-layer subnets.

Since Bitcoin’s introduction to the world in 2009, what began as a vision for peer-to-peer digital cash transactions has expanded into a complex, constantly evolving decentralised financial (DeFi) ecosystem. And whilst we’ve seen cryptocurrency evolve into decentralised applications (dApps), nonfungible tokens (NFTs), and DeFi protocols, crypto has largely remained isolated from the traditional finance (TradFi) sector.

But that isolation has been slowly eroding closer toward TradFi’s mainstream adoption of crypto with each passing year, and now, in 2025, Real-World Assets (RWAs) are possibly emerging as Web3’s most promising digital asset use case.

The Case for RWAs

RWAs represent the tokenisation of assets that exist outside of blockchain — everything from real estate, to commodities, to invoices, to carbon credits, to traditional securities. By bringing these assets on-chain, RWAs create a bridge between blockchain technology and assets that exist in traditional markets.

RWAs derive their value from the underlying assets they represent in the “real world,” which are traditional assets that have established valuation frameworks, or enough buyers and sellers to determine a market value. Given this, they address the crypto industry’s biggest critique — that digital assets lack intrinsic value beyond speculative interest.

But by connecting blockchain efficiency with real economic activity, RWAs provide a clear and digestible rebuttal. When a mortgage, invoice, or commodity becomes tokenised, blockchain technology serves as infrastructure rather than the product itself, pushing crypto’s narrative away from volatile asset skepticism, toward use cases where crypto makes existing assets more efficient, accessible, and liquid.

Onboarding Institutional Capital On-Chain

TradFi institutions have long approached the crypto industry with a set of oven mitts, deterred by the fear of getting burned by regulatory uncertainty, volatility, and unclear use cases. RWAs, however, create a familiar entry point for institutions that already understand the underlying assets but can benefit from blockchain’s efficiency improvements.

Major financial players like BlackRock, JPMorgan, and Goldman Sachs have already begun exploring RWA tokenisation, and as regulatory frameworks mature, we can expect institutional involvement to accelerate dramatically, bringing trillions in capital — that’s largely remained on the sidelines — into the industry.

RWA Infrastructure is Maturing

Whilst pure cryptocurrency tokens have faced significant regulatory challenges — with authorities worldwide struggling to categorise and govern them — RWAs fit more cleanly into existing regulatory frameworks because the underlying assets contain established legal parameters. This allows for clearer compliance pathways and greater certainty for both issuers and buyers, and as regulatory requirements become embedded in tokenisation protocols through compliance-focused smart contracts, RWAs will likely become the preferred vehicle for regulated crypto exposure.

For example, a tokenised real estate portfolio or corporate bond follows the relatively stable valuation of the underlying asset rather than the boom-or-bust cycles found in a large percentage of cryptocurrencies. Such stability makes RWAs suitable for uses beyond speculation, including collateral, savings vehicles, and predictable income generation.

One area where RWAs are blossoming is the arena of on-chain private credit. Platforms like Kasu help users lend USDC in return for earning yield (in the form of interest), a way to utilise blockchain technology and gain exposure to the crypto industry with less of the volatility.

With Kasu specifically, users can deploy funds at 12% APY for our lowest risk, highest security ranking position by lending to high-creditworthy accounting firms. For those willing to take on higher risk in the lowest security ranking position, they can deploy funds at 25% APY by lending to these firms’ clients.

At your fingertips is an entire range of APY offerings from lending to accounting firms and their clients — offerings dependent on the level of security that makes you feel most comfortable — which is all part of how Kasu is democratising access to private credit for the everyday lender.

The Future of RWAs is Comfy

As the challenges surrounding crypto skepticism and adoption are addressed, RWAs are positioned to become crypto’s dominant use case. By connecting blockchain technology to existing financial systems rather than attempting to replace them, RWAs offer a pragmatic way forward for both individual and institutional adoption of the technology.

And with Kasu, the way forward is comfortable.

By tokenising the trillions in assets that power the global economy, blockchain technology can fulfill its promise of creating a more efficient, accessible, and transparent financial system, one that eases volatility fears rather than exacerbates them.

The RWA revolution represents crypto’s most compelling opportunity yet. The question is no longer if Real-World Assets will come on-chain, but how quickly. Check out Kasu today and learn more about how we’re leading this global transformation.

Crypto built chains. Vaults. Tokens.

But it never built the bridge — the bridge between TradFi and DeFi.

It’s time for SOMETHING NEW.

Build the bridge, lead the future

TradFi has scale. DeFi has speed.

Both are powerful.

Both incomplete.

They circled each other.

Nodded at each other.

But never crossed over.

No one built the connection.

Until now.

Kasu is that connection.

The future of finance needs a bridge, and we’re building it.

Welcome to the revolution

The world doesn’t change by playing it safe.

While others talk about disruption, we’re doing the work.

Imagine a marketplace of Credit Originators offering tokenised private credit deals, with due diligence undertaken by institutional TradFi asset managers.

Validated creditworthiness of each deal, instilling confidence in the yields offered.

Compliant. Transparent. Scalable.

This is finance rewritten in code, contracts, and capital.

It’s not your grandma’s finance, but she’ll be able to understand it — understand the need for that first 20% — the junior capital — to unlock the other 80% of senior capital.

How without it, deals stall and doors stay shut.

She’ll also be able to understand how a strong Credit Originator doesn’t always have the required 20% laying around to unlock the remaining 80% needed to scale.

With that understanding, she’ll appreciate how Kasu solves this dilemma by sourcing the junior debt from DeFi lenders, offering 15–25% yields, while TradFi comes in with the rest.

It’s a real problem, solved with real capital, inspiring real change.

Three players. One system. Infinite potential.

Our hybrid capital infrastructure is suitable for every stage of a Credit Originator’s funding lifecycle.

Kasu’s launch partner — Credit Originator, Apxium — provides the ideal case study.

Apxium is a fintech lender with a proven track record and credit history, but lacks the required upfront capital to unlock funding from institutional asset managers to truly scale.

It’s an all-too-familiar story facing many high-quality Credit Originators in a broken capital chain.

So Kasu built the bridge between TradFi and DeFi to fix it.

We firstly conduct credit due diligence on the Credit Originator.

If approved, DeFi lenders — via Kasu — lend USDC, enabling the Originator to prove they can successfully manage a $5M-$10M loan book.

Once the Originator scales to this level, Kasu will arrange and negotiate a senior debt facility with one of its boutique TradFi credit fund partners.

The result?

A committed long term relationship with a stable TradFi partner to fund the senior tranche (80% of the capital stack, all the way up to $50M), at a notably lower interest rate.

DeFi capital from Kasu remains in place — ready to plug and play as the junior capital (20% of the capital stack), earning a higher yield for ranking behind the senior lender.

At this point, the Originator has everything it needs to scale big and scale fast.

Once the Originator outgrows the $50M boutique credit fund, we’ll take the deal to one of our global institutional credit fund partners, like AB CarVal.

This provides the Originator with a clear pathway to building a $100M loan book, which upon reaching, will unlock significantly cheaper funding costs.

The transition continues with our bulge bracket investment bank partners — like Goldman and Citi — waiting to be fed quality deals from us so they can take the Originator from $100M to their first billion and beyond.

It’s a three-pronged, revolutionary approach, and everybody wins.

✅ Credit Originators get full-stack funding across the entire capital chain and loan growth journey.

✅ DeFi lenders earn 15–25% APY, with deal quality validated by institutional asset managers.

✅ TradFi asset managers — from boutiques to institutional giants — access ongoing, quality deal flow from Kasu.

The greatest builders don’t ask for permission.

They don’t wait for the perfect moment.

They make the moment.

We’re not following leaders, we’ve become one

You’ve seen the gap.

Now it’s time to join us closing it.

Our goal of scaling Apxium for institutional readiness has now been met, and we’re set to ‘rinse and repeat’ this model with more high-quality Originators.

It’s a proof-of-concept we used to win over some of the largest credit funds in the world and instantly attract DeFi capital:

• 4M USDC secured from DeFi lenders on Kasu.
• $40M senior debt offered by a boutique credit fund, positioning Apxium for rapid scale.
• $500M worth of term sheets and expressions of interest from global leading credit fund partners, waiting to step in once Apxium outgrows the boutique credit fund.
• And Goldman and Citi are lined up for the $100M magic number.

This isn’t theory. This is traction.

By creatively addressing the gap in the capital chain, we’re creating a new market altogether.

The Kasu platform will eventually offer a marketplace of tokenised credit deals, validated by institutional due diligence — where DeFi lenders can access the most attractive risk-adjusted yields in RWA private credit.

Real-world private credit exposure. Superior deal quality. Financial democratisation.

It’s a three-way win for DeFi and TradFi lenders, Credit Originators, and real-world borrowers.

Join us in building SOMETHING NEW.

Be the bridge. Be the revolution.

Kasu. SOMETHING NEW.

With the $KASU token generation event (TGE) getting closer by the day, we’re giving early Kasu adopters a little pre-launch gift: 50 USDC of $KASU tokens, plus a chance to bag up to 10,000 USDC worth of $KASU!

Do you have what it takes to be the next $KASU King? Then please step forward and learn how to earn your kingship.

Earning Your $KASU Kingship

As part of Kasu’s newly launched platform, we’re celebrating by crowning the next wave of Web3 royalty — the $KASU Kings!

By achieving the highly sought-after and admirable status of the $KASU King, you will receive the following for every 5,000 USDC of lending:

1. $KASU Airdrop: 50 USDC worth of free $KASU tokens at launch price; and,
2. Exclusive $KASU Prize Entry: An entry to an exclusive draw to win up to an additional 10,000 USDC worth of free $KASU, also at launch price!

The exclusive $KASU prize amount will be based on 5% of the total eligible lending (accepted lending requests of $5,000 or more during the promotion period) that remain at the end of the campaign, with the maximum prize being 10,000 USDC worth of free $KASU.

Eager to earn your kingship? Here’s how to join the ranks:

Lending Requirements

1. To participate, you must lend at least 5,000 USDC on the Kasu platform, within a single epoch (an epoch is a continuous 7-day cycle where all loans are accepted and processed). For every 5,000 USDC you lend, you will receive a free 50 USDC airdrop worth of $KASU, along with one entry to win the (up to) 10,000 USDC worth of $KASU prize.
2. For example, if you lend 10,000 USDC, you will earn 100 USDC (at launch price) worth of $KASU tokens, and two entries for the (up to) 10,000 USDC worth of $KASU prize.
3. Similarly, 15,000 USDC lending earns you 150 USDC worth of $KASU tokens at launch price and three entries for the (up to) 10,000 USDC $KASU prize. So on and so forth.
4. Each 5,000 USDC of lending needs to be held for at least 90 days to be eligible. The amount you’ve held for 90 days during the campaign will determine the value of your guaranteed $KASU airdrops, along with the number of entries for the (up to) 10,000 USDC worth of $KASU prize.
5. 90 days after our $KASU Token Generation Event (TGE), users will receive their free 50 USDC (at launch price) worth of $KASU airdrop. The winner of the (up to) 10,000 USDC worth of $KASU prize will also receive their tokens 90 days after the promotion ends.

Lending Funds

Step 1: Connect your Web3 wallet to the Kasu platform.

Step 2: Choose your desired lending Strategy(ies) — up to 25% APY available.

Step 3: If you haven’t completed the Know Your Customer (KYC) process earlier, you’ll be prompted to do so prior to the completion of any lending request.

Step 4: Lend at least 5,000 USDC within a single epoch via the Kasu platform, or any multiple of 5,000 USDC thereafter (within a single epoch).

Step 5: Wait for the arrival of your crown, which will be bestowed upon you after 90 days after our TGE.

Note: Each 5,000 USDC loan deployed within a single epoch earns you: 1) Airdrop for 50 USDC (at launch price) worth of $KASU; and, 2) a single entry to win up to 10,000 USDC worth of free $KASU.

• If you lend 2,500 USDC in one particular epoch, then $2,500 in another epoch for 5,000 USDC total lending, you will not receive a free $KASU airdrop. You will also not be entered to win the free allocation prize.
• If you lend $5,000 now, then $2,500 later and another $2,500 in a separate epoch, you only receive the 50 USDC worth of $KASU tokens and one entry for the free allocation prize for the single 5,000 USDC deployment.
• However, if you lend $2,500 + $2,500 all within the same epoch to reach your $5,000 minimum, it will count as one entry and one 50 USDC free $KASU allocation (as long as it’s in the same epoch).

But most importantly, the more multiples of 5,000 USDC you lend, the more 50 USDC airdrops you’ll receive, and the more entries you’ll gain to increase your chances of winning the (up to) 10,000 USDC prize!

The Grand Prize Draw

In the days prior to the $KASU token TGE, one winner will be selected to win 5% of all the eligible lending contributed during the promotion period. This will be in addition to the free $KASU airdrop(s) received from each 5,000 USDC loan deployment.

Holding Court with the $KASU Token

The $KASU token functions to provide Kasu lenders with utility and rewards, unique offerings in the realm of Real World Asset (RWA) private credit.

By locking $KASU, your Kasu experience is enhanced, providing you access to exclusive Lending Strategies, prioritised withdrawal requests, bonus APY, and a share of Kasu platform protocol fees — the type of treatment that’s only fit for a $KASU King.

Depending on how much and how long you lock $KASU for, you’ll hit different thresholds to achieve different Loyalty Level tiers of kingship:

1. Priority Access to Lending Strategies: Lenders with higher Loyalty Levels receive higher priority placement in Lending Strategies, optimising their chances of accessing the most attractive APYs in RWA private credit. As new and exclusive high yield opportunities emerge, your higher Loyalty Level puts you at the front of the line.
2. Priority Withdrawals: Your funds are loaned to businesses in the “real world,” meaning withdrawal requests are processed in sync with borrowers repaying their loans. Lenders with higher Loyalty Levels have priority access to their funds, meaning they have the highest potential for faster withdrawal.
3. APY Bonus: Depending on your Loyalty Level, you can supercharge your yield with bonus $KASU tokens.
4. Protocol Fees: All Loyalty Level tiers receive a share of protocol fees in USDC. The more you lock, the more fees you earn.

While details on the official TGE announcement timeline are still forthcoming, the announcement will be here sooner than you think. In the meantime, there’s no better way to prepare for your ascension to the $KASU throne than to lock, hold, and prepare yourself for a chance to rule the $KASU kingdom.

Check out Kasu today to learn more about the platform and why you should become the next $KASU King.

$KASU Kingship Token Airdrop Promotion Terms & Conditions

1. Eligibility

Participation in the KASU Kingship Token Airdrop Promotion (“Promotion”) is open to individuals and entities who meet the lending requirements outlined below and comply with these Terms and Conditions (“Participants”).

Participants must be at least 18 years old and not reside in jurisdictions where participation in this Promotion is prohibited by law.

Participants must hold a compatible wallet capable of receiving KASU tokens at the time of the airdrop.

2. Promotion Details

Participants will receive 50 USDC worth of KASU tokens (“Airdrop Tokens”) at the launch price for every 5,000 USDC of lending through Kasu, subject to the following:

• (i) The reference to “every 5,000 USDC of lending” means that a Participant must have a total of 5,000 USDC (and/or increments of 5,000 USDC) of accepted Lending Requests within a single epoch to qualify for the Airdrop.
• (ii) Loans must be active and held for a minimum of 90 days following the accepted Lending Request(s) to qualify.
• (iii) Any withdrawal that reduces a Participant’s accepted Lending Request(s) within a single epoch below an increment of 5,000 USCD will negatively impact eligibility. For the purposes of this calculation, reductions will be notionally applied on a Last-In-First Out (LIFO) basis.

For accepted Lending Requests that occur prior to the KASU Token Generation Event (TGE), the Airdrop is anticipated to take place 90 days post-TGE.

For accepted Lending Requests that occur post-TGE (if the Promotion is still in place), the Airdrop is anticipated to take place 90 days after the accepted Lending Request(s).

Airdrop Tokens to be distributed to Participants’ wallets, subject to Kasu’s discretion and operational timelines.

Subject to a maximum amount of 10,000 USDC worth of Kasu tokens, Participants will also go into a draw for one Participant to win KASU tokens equivalent to 5% of total combined eligible loans deployed by Lenders. For example, if the total combined eligible loans associated with the Promotion is 100,000 USDC, one Participant will win 5% of this amount, being 5,000 USDC worth of KASU tokens. The amount is capped at 10,000 USDC worth of KASU tokens. The KASU tokens will be Airdropped 90 days after the winner is confirmed.

3. Participation Requirements

Lending must be completed through the official Kasu platform or smart contracts as specified by Kasu.

Kasu reserves the right to verify the legitimacy of all lending transactions and disqualify any Participant suspected of fraudulent activity, including but not limited to wash trading, spoofing, or manipulation.

Participants are responsible for ensuring their wallet addresses are correct and accessible. Kasu is not liable for lost or undeliverable Airdrop Tokens due to incorrect wallet information.

4. Token Valuation and Distribution

The number of 50 USDC worth of KASU tokens will be determined based on the launch price of KASU tokens at the TGE, as set by Kasu.

Kasu reserves the right to adjust the quantity of KASU tokens distributed to reflect the 50 USDC value if the token price fluctuates prior to distribution.

Distribution timelines are estimates and may be delayed due to technical, operational, or regulatory reasons. Kasu will not be liable for delays in token distribution.

5. Modification or Termination

Kasu reserves the right to modify, suspend, or terminate the Promotion at its discretion at any time, with or without notice, for any reason, including but not limited to security issues, regulatory changes, or unforeseen circumstances.

In the event of termination, Participants will not be entitled to any compensation or Airdrop Tokens for loans made prior to the termination date unless otherwise specified by Kasu.

6. No Guarantee of Value

Kasu makes no representations or warranties regarding the future value, utility, or marketability of KASU tokens. Participants acknowledge that token values are subject to market risks and volatility.

The Promotion does not constitute an offer to sell securities or an investment contract.

7. Liability Limitation

Kasu is not liable for any losses, damages, or costs incurred by Participants arising from participation in the Promotion, including but not limited to technical failures, blockchain network issues, or wallet security breaches.

Participation is at the Participant’s own risk, and Kasu disclaims liability for any direct, indirect, incidental, special, consequential, or other damages.

8. Taxes and Compliance

Participants are solely responsible for determining and fulfilling any tax obligations related to receiving Airdrop Tokens under applicable laws in their jurisdiction.

Kasu may require Participants to provide additional information (e.g., KYC details) to comply with regulatory requirements, and failure to provide such information may result in disqualification.

9. Force Majeure

Kasu is not responsible for failure to perform obligations under this Promotion due to events beyond its reasonable control, including but not limited to network failures, hacks, government actions, or natural disasters.

10. Governing Law

These Terms and Conditions are governed by the laws of the Cayman Islands.

11. Acceptance of Terms

By participating in the Promotion, Participants agree to be bound by these Terms and Conditions and any additional rules communicated by Kasu.

Kasu’s interpretation of these Terms and Conditions is final and binding.

Market turbulence is never fun, regardless of whether the volatility occurs in traditional finance (TradFi) or Web3.

Currently, we’re seeing massive volatility in crypto — people pulling their money out of the market, driven largely by TradFi fears and the fallout from looming trade wars resulting from the United States’ recent haphazard tariff policies. As more flames of fear are stoked amongst both TradFi and decentralised finance (DeFi) traders, both markets are taking a hit.

But whether the market is up or down, fear is low or high, or altcoins are pumping at never-before-seen price points, one thing is for certain: Kasu is a great place to kick your feet up, knowing your funds are sitting comfy in rain, shine, elation, or skepticism.

Busting Out the Lounge Chair

Sitting comfy in Kasu is all about reclining by the pool whilst everyone else runs frantically around, worried about the latest crypto market dip or rip.

For those who have yet to park their funds in Kasu, life is stressful, as they constantly worry about gains and losses. Wouldn’t it be great if there was an alternative?

Why yes, yes there would be.

It just so happens that Kasu can combat the alternative to pulling your hair out during market downturns and the fleeting euphoria experienced during market upswings.

Kasu is the cortisol crusher, the market stress stymier. One dose of lending USDC and earning the highest quality real-world asset (RWA) private credit yield, and you’ll think twice about ever touching a memecoin again. Start at 12% APY for our lowest risk, highest security ranking position by lending to high-creditworthy accounting firms, or, for those willing to take on higher risk in the lowest security ranking position, dial all the way up to 25% APY by lending to these firms’ clients.

At your fingertips is an entire range of APY offerings from lending to accounting firms and their clients — offerings dependent on the level of security that makes you feel most comfortable — which is all part of how Kasu is democratising access to private credit for the everyday lender.

Sunglasses and Aperol, Even When it Rains!

How is it possible to sit comfortably anywhere — let alone Kasu — when market volatility is the only thing constant?

Because in certain exclusive circles, hidden from public view, the world of private credit has long provided a plethora of high quality lending, but only for the ‘elite.’ It’s a world your average person simply can’t access…until now.

Kasu kicks open the door to some of the highest quality private credit, not just letting you in, but offering you a comfy seat at the table.

Whilst your friends scramble to buy low and sell high, you’ll be surprised at how relaxed you feel knowing your USDC is earning yield from mid-to-large tier accounting firms and their clients, along with legal firms, across tier one economies — a possibility you otherwise wouldn’t have access to were it not for Kasu’s financial democratisation of these on-chain private credit opportunities.

It’s all possible because accounting and legal services are completely uncorrelated with crypto markets. In fact, accounting firms, in particular, continue to perform during market downturns.

Apxium, our initial launch Delegate, already manages over $2.5B in annual invoicing for accounting and law firms, and they’re simply letting you in on this deal flow that they’ve been managing for over eight years, with zero losses. Here’s how it all comes together:

Accounting Firms

• Non-discretionary services: Maintain strong performance even during market down-turns.
• Strong credit profiles: Less than 0.5% default rate on their invoice collections.
• Financially astute, conservative sector: Risk-averse and conservatively leveraged.

Legal Firms

• Highly profitable industry: High fees for service.
• Regulatory oversight: Subject to strict regulatory and ethical standards.
• Protective of reputation: High reputational risk with financial mismanagement.

Apxium’s long-standing credibility and deep relationships with these firms for over eight years also unlocks access to their high quality client bases, representing a further $8B captive distribution opportunity for Kasu lenders to earn a more diverse range of APYs.

How You Can Sit Comfy in Kasu

If you’re ready to ditch market anxiety in favour of some comfy poolside slippers, then we have the solution. It’s time to sit comfy in Kasu:

First step: Take a deep breath and smile, knowing you’re well on your way to a new, comfortable lifestyle.

Second step: Head over to the Kasu platform, explore the Lending Strategies, and choose the one that looks the most comfy to you.

Third step: Submit lending requests to your preferred Lending Strategies and relax, knowing you’re off the crypto hamster wheel of angst and your USDC now has a comfortable new home where it can earn real-world yield that’s uncorrelated with volatile crypto markets.

Want to learn more about how it all works? Check out Kasu today for the latest on how to sit comfortably anytime, anywhere, regardless of market conditions.

On-chain private credit promises to redefine lending by democratising access for anyone with an Internet connection — those seeking attractive yields that are otherwise only available to institutional investors.

But, there’s a critical flaw in the system that nobody wants to talk about, which is: what happens to your funds after they’ve been deployed into the ‘real world’?

The Illusion of Transparency

Whilst blockchain technology offers unprecedented transparency for on-chain transactions through its public ledgers, most private credit protocols have a dirty little secret: the responsibility of reporting how these funds are used seems to be non-existent.

This isn’t just an inconvenience or the price of doing business; it’s a fundamental flaw that has contributed to over $138 million in defaults across major on-chain private credit protocols.

When lenders can’t monitor how their capital is being deployed, or track ongoing business performance of borrowers to which their funds are deployed, the question around risk management becomes paramount.

Most protocols tout their ‘transparent’ nature because their transactions are visible on-chain. But this surface-level transparency masks a deeper inability to track real-world loan performance, debt serviceability of end borrowers and overall loan portfolio credit metrics.

The Risk Management Paradox

Whilst traditional financiers and banks pride themselves on decades of personal relationships with their clients (borrowers), the early lifecycle stage of on-chain lending protocols can’t replicate the same ‘time in market’ advantage. Instead, they ask lenders to ‘trust’ their lending practices whilst offering yields that often do not reflect the true risks swirling in the background.

This bears the question: how can you properly assess risk when you can’t see what’s happening with your money, or track how the borrower is performing? It’s like trying to drive a car with a blindfold on — you might be fine for a while, but eventually, you’ll crash. Depending on the size of the car you’re driving, the crash could be disastrous!

The consequences of this opacity are already showing. Major protocols are experiencing major defaults — not because of blockchain or smart contract failures, but because of the same old problems that have plagued traditional finance (TradFi) since its inception. That is, poor visibility into borrower performance and inadequate risk management. Risk reporting is also provided in retrospect (as opposed to real time), which is great when things are going well, but useless once the credit deterioration has already occurred and it’s too late!

What True Transparency Looks Like

At Kasu, we’re taking a fundamentally different approach. Through our partnership with Apxium — a leading SaaS+Fintech business — we’ve built something unprecedented in on-chain private credit: visibility into the core risk drivers of our Professional Fee Funding and Whole Ledger Funding Strategies, along with deep data insights into the credit metrics of every single end borrower.

Our partnership with Apxium provides us with proprietary data integration IP, enabling us to share deeper data insights than what banks even have over their own loan portfolios. This includes:

• Real-time monitoring of the payment status of every single invoice.
• Direct visibility into debt servicing performance of borrowers, so lenders can gain comfort into the risk status of their lending.
• Automated risk backstops to instantly remediate loan arrears to reduce the risk of losses.
• Automated risk and covenant reporting to remove human error in risk reporting.
• Full transparency — from initial deposit to deployment, so lenders know exactly where their funds are at any given time.

This isn’t just about transparency for transparency’s sake. It’s about providing lenders with the monitoring tools they need to make informed decisions. We’re fundamentally redefining private credit by combining blockchain tech with real-world data integration IP that posts data back on-chain, tracking every relevant risk metric for the entire loan management lifecycle.

Putting Control In The Hands Of Lenders

Kasu’s commitment to transparency goes above and beyond by informing lenders which borrowers their funds are loaned to at any given time, including the moment their funds are redeployed from one borrower to another. As part of this process, lenders are provided with the choice to opt in or out of the proposed borrower to which their funds will be deployed. This puts the power into the lenders’ hands for how their funds are allocated, as opposed to protocols that pool funds together with no visibility over their whereabouts.

Technology-Driven Trust

Apxium’s data integration IP means we have unprecedented access to the accounting and billing systems of real-world borrowers. Whilst the unique data insights offered by this technology is a world-first in the TradFi arena, it’s completely revolutionary in RWA lending.

For example, other protocols provide very limited data (if any at all) around the deployment of loans and performance of borrowers once funds move off-chain. But the tech associated with our Professional Fee Funding and Whole Ledger Funding Strategies not only tracks every single invoice status, it also tracks the payment performance of every individual debtor. For our Taxation Funding Lending Strategy, funds are remitted directly to the tax authority, assuring lenders that the risk of misappropriation of funds is completely eliminated.

This technology isn’t just a prototype — it’s a mature, proven product from Apxium, which manages over $2.5 billion in annual invoicing for top tier accounting firms around the world. Apxium also provides receivables financing solutions to these firms, where it boasts a pristine credit performance with zero losses over its entire eight years of existence.

Through this unique technology, we see every invoice status in real-time, along with the payment performance of every single client debtor of the accounting firms using its software. This ensures smarter risk management than any other RWA lending protocol, where the technology initiates automated risk back-stops the moment an invoice hits a number of days outstanding.

The result is a lending protocol that promises and delivers on its commitment to transparency and superior risk management, proven by its zero loss history. Lenders on Kasu can see precisely which borrower their funds are loaned to, along with how they are performing, ultimately providing valuable risk insights to gain greater comfort over the APYs offered by each Kasu Lending Strategy.

Building The Future of Private Credit

The future of on-chain private credit is no longer just about democratising access. Kasu has raised the bar, making it about technology that creates genuinely transparent credit markets and superior risk management that delivers deep value across the entire lending chain, not just for fee-generating intermediaries.

Kasu’s Professional Fee Funding, Whole Ledger Funding and Taxation Funding Strategies demonstrate how private credit should work — fully transparent with smarter risk management, accessible to all.

At Kasu, we’re reimagining how private credit can and should function in the digital age. It’s on-chain private credit transparency you can see and trust.

But don’t just take our word for it. Check out Kasu today and experience for yourself the clear difference in on-chain private credit.

The professional services sector faces a unique challenge. Billions in working capital is trapped in work-in-progress (WIP) and accounts receivable.

The Working Capital Challenge

For accounting and law firms, cash flow isn’t just about getting paid for completed work — it’s about managing the complex timing mismatch between ongoing work (WIP), issued invoices, and actual payments. This mismatch creates a significant working capital constraint that impacts organic and inorganic growth opportunities.

Traditional lenders have struggled to solve this problem because they need more technology to track and manage these complex ledgers properly. Without real-time visibility into WIP and receivables, they’re essentially lending blind.

A Technology-First Solution

This is where Kasu’s Whole Ledger Funding strategy comes in. Through our partnership with Apxium, we offer a lending solution that integrates directly with firms’ billing systems, providing real-time visibility into WIP and receivables.

Our technology can help reduce debtor days by up to 50%, which can lead to a reduction in administrative overhead and payment processing fees — fundamentally improving accounting firms’ operations.

Superior Risk Management

Kasu’s risk management goes far beyond traditional lending controls. We maintain continuous visibility into every invoice status, payment, and ledger adjustment through our deep integration with billing systems software. The goal is to go beyond monitoring and instead prevent problems before they occur.

We use a sophisticated baseline approach for WIP funding that adapts to changing conditions while maintaining strict loan-to-value ratios, and we employ multiple automated backstops for receivables, from direct debit authorities to real-time payment monitoring.

The result is a lending solution that’s delivered zero defaults over eight years of operations.

Real Value for Professional Firms

What makes this strategy particularly compelling is how it aligns incentives. Firms are willing to pay competitive rates because they’re getting a solution that delivers real operational improvements:

• Reduced debtor days releasing trapped working capital
• Lower administrative costs through automation
• Significant savings on payment processing fees

This creates an unusual situation where higher quality yields actually come with lower risk. The technology reduces the underlying business risks before any lending occurs, while the multiple layers of security protect against potential defaults.

Setting New Standards

While traditional lenders continue to struggle with professional services lending, Kasu is establishing a new standard.

Kasu is completely reimagining how professional services firms can optimise their operations and access growth capital. For lenders, it’s an opportunity to access higher quality yields backed by some of the most creditworthy businesses in the market, protected by multiple layers of security and real-time monitoring.

This is what the future of professional services lending looks like. This is Whole Ledger Funding. This is Kasu.

For the next five days, we’re inviting you to participate in daily creative challenges that test your knowledge of Real-World Assets (RWAs), Kasu, and the future of private credit — with a chance to win your very own Kasu Kings NFT!

How to Participate

Each day, we’ll release a new “theme” on our Twitter/X and Discord.

Your mission is to craft an engaging post that captures the day’s “theme” while incorporating Kasu’s key narratives around RWA lending and private credit innovation.

How to Win

1. Step 1: Create your content as a tweet based on the specific day’s “theme”
2. Step 2: Post to Twitter and tag @KasuFinance
3. Step 3: Submit your tweet in the content-creation channel on Kasu’s Discord

And just like that, you’re officially entered for your chance to win!

Each day, our team will select one winner to receive a coveted Kasu Kings NFT. We’re looking for creativity, engagement, and alignment with Kasu’s vision for the future of private credit.

Note: All participants must submit their tweets in the content-creation channel on Kasu’s Discord.

The best submissions will be amplified across our network using the Engage Bot, giving your content the visibility it deserves. This is your chance to help shape the narrative around RWA lending while celebrating the holidays with our community.

Join the Celebration

Kasu-mas is about coming together as a community to celebrate the holiday season and the shared vision for the future of private credit.

Whether you’re a seasoned content creator or just starting out, we want to hear your voice! So stay locked on our Twitter and Discord, and let’s make this Kasu-mas one to remember! 🎄✨

FAQs and Other Information

How long does the campaign run?
For five days, beginning the 18th of December and ending on the 23rd of December.

Where can I find the daily tasks?
Tasks will be dropped daily on Kasu’s Discord and Twitter, so stay tuned for updates.

Who is eligible?
Everyone!

May your yields be high and your risks be managed 🎅

With our Professional Fee Funding Strategy, we’re able to offer superior risk-adjusted returns for lenders compared to other on-chain private credit solutions by providing new sources of capital to borrowers.

The ‘Beyond’ Section of Traditional Lending

Current on-chain private credit solutions don’t offer much in terms of lending transparency, with most simply connecting lenders with borrowers and hoping for the best. Such methodology hasn’t resulted in positive outcomes and is mostly hot garbage, netting over $100 million in defaults since inception.

But there’s a better way. Kasu is redefining transparency in private credit, and through our partnership with Apxium, we’re doing more than just funding invoices — we’re fixing the entire payment ecosystem before a single dollar is lent.

Businesses that issue invoices must wait weeks, sometimes months, before getting paid. The delay creates a constant cash flow challenge that ripples through businesses’ entire operations. Kasu’s approach doesn’t just throw money at the problem; it rebuilds the entire billing system from the ground up.

The Technology That Changes Everything

At the heart of our innovation is Apxium’s proprietary technology stack — a comprehensive solution that integrates directly with accounting firms’ billing systems, providing unprecedented visibility and control over every transaction.

The results? Payment delays are slashed by 50%, administrative costs are cut in half, and payment processing fees are reduced by 40%. But perhaps most impressive is the platform’s perfect track record — zero losses in over eight years of operation. Those are bragging rights no other DeFi platform can come close to uttering today.

Stable Yield You Can Trust

Our unique high quality returns make Kasu particularly exciting for Web3 lenders. Unlike typical DeFi protocols where your funds disappear into a black box, our Professional Fee Funding Strategy provides complete transparency to lenders, borrowers, and delegates.

The platform maintains direct debit authority over an accounting firm’s accounts and can redirect payment collections if needed. Think of the operation as having a safety net under your safety net (that’s safe!). And because these returns are tied to real-world professional services, they’re entirely uncorrelated with crypto market movements, offering true diversification of your digital asset portfolio.

Drills, Saws, and Concrete: Building the Future of Finance

While most RWA platforms are content to simply connect capital with borrowers, Kasu is building something far more ambitious. By improving the underlying business operations before any lending occurs, we’re creating a new paradigm for on-chain yields — a paradigm where technology and finance work together to create better outcomes for everyone involved.

The platform’s integration with accounting firms’ billing systems enables real-time monitoring of every transaction, automated payment processing, and immediate intervention if any issues arise. This integration allows us to go above and beyond standard lending and completely reimagine how professional service firms can operate more efficiently — all while delivering high quality, attractive returns to Web3 lenders.

A Bridge to Traditional Finance

For lenders looking to diversify beyond typical crypto yields, Kasu’s Professional Fee Funding Strategy offers a bridge to the professional services sector, backed by real technology, real businesses, and a proven track record of success.

In a space often criticised for its lack of real-world utility, Kasu demonstrates how blockchain-based solutions can meaningfully improve traditional financial processes while also delivering attractive yields to participants.

We’re embarking on a new era for private credit, a burgeoning sea full of better opportunities for on-chain lending. Check out how Kasu is spearheading the charge today.

But this singular focus doesn’t account for the amount of risk you might be taking to earn your return.

As on-chain private credit protocols rack up over $100 million in defaults, it’s time to talk about the dirty little secret of risk-adjusted returns.

The Risk Pricing Problem

The mispricing of risk is a big problem.

Goldfinch, a significant player in on-chain private credit, recently offered 14% APY for lending to an African motorcycle finance company. That’s quite a low APY, considering the jurisdictional risk associated with lending in that region.

Unsurprisingly, Goldfinch just announced its third default so far, with lenders facing nearly $6 million in losses from a single loan. If that sounds like a lot, it is! But you wouldn’t know it based solely on the APY.

Another private credit player — Centrifuge — focuses its largest fund on “flip and fix” real estate within the United States, targeting a 7–15% APY. But there’s more than meets the eye.

While his offering might sound conservative, consider the concentration risk in a single volatile sector, one that’s dependent on housing market conditions and renovation execution. The underlying collateral can quickly deteriorate in price depending on market conditions.

Hmmm 🤔

Something isn’t adding up in the world of on-chain private credit.

The Risk-Return Disconnect

The mispricing of risk within on-chain private credit becomes even more apparent when you look at geographic risk premiums. That African motorcycle company isn’t alone in its mispriced risk, rather, it’s just one of a litany of examples.

A recent RWA XYZ report revealed something startling: The yield difference between Nigerian private credit opportunities and those in the United States is just 125 basis points.

That means the market suggests lending to businesses in Nigeria is only marginally riskier than lending in the United States. Come on, man! Anyone with a basic understanding of international finance knows this representation is fundamentally flawed. We know different jurisdictions face vastly different risks — from regulatory frameworks to enforcement mechanisms to market stability — so there’s no reason to “hide” the true risk at hand.

A Better Way to Measure Returns

Understanding risk-adjusted returns is essential to understanding why these defaults keep happening.

A risk-adjusted return measures how much reward you’re getting for the risk you’re taking. If two investments offer the same return, but one is lending to a volatile emerging market startup and the other to an established business vetted by a top global accounting firm, which investment do you think offers better value?

The answer is obvious. Yet somehow, the on-chain private credit market thinks it’s sneaky offering similar — or sometimes lower — yields for substantially higher risks. It’s as if the fundamental principles of finance have been forgotten in the rush to move lending onto blockchain.

But not all heroes need to move fast, and that’s where Kasu comes in.

Real Security, Real Returns

At Kasu, we’re not trying to compete with DeFi protocols or chase unsustainable yields. We’re building something fundamentally different — a bridge between lenders and high-quality borrowers, enhanced by blockchain technology but grounded in real-world relationships.

Our lending opportunities are sourced from top 100 global accounting firms. These aren’t random introductions but carefully vetted businesses brought to us by professionals who’ve overseen their finances for years. Accounting firms stake their reputations on these referrals, creating a natural filtering mechanism that is far more effective than any algorithmic credit scoring can accomplish.

Enhancing Traditional Lending

While other protocols lose sight of their loans once funds move off-chain, our technology partner — Apxium — gives real-time insights into a business’ health through real-time invoice monitoring. No guesswork — just pure data-driven decision-making. This distinguishes Kasu from other lending platforms, allowing us to completely reimagine how private credit should work.

Apxium’s track record speaks for itself, with zero defaults and over eight years of operations. Compare that to the mounting losses in on-chain private credit, and the difference in who to choose with respect to risk management becomes undeniable.

A New Standard

As the limitations of existing private credit protocols become apparent through continued defaults and mispriced risk, astute investors will continue to seek an alternative. They’re looking for lending opportunities that offer genuine value, proper risk assessment, and transparent operations — and will not settle for anything less.

At Kasu, we’re not trying to compete with DeFi yields or traditional lending rates — we’re establishing a new category of superior risk-adjusted returns, combining the best aspects of traditional finance with modern technology to deliver investors something beyond existing on-chain private credit offerings.

Welcome to Kasu, what professional lending should look like