Incrypture - Smart Structure | Lido Nation 日本語

Detailed Plan

Incrypture's Smart Structure protocol will put the "engine" of securitization onto the Cardano network and be utilized by both TradFi markets as well as DeFi markets. This proposal addresses a need in TradFi of removing some middlemen in the process. It will also provide tools for DeFi securitization and structured products.

Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling their related cash flows to third party investors as securities, which may be described as bonds, pass-through securities, or collateralized debt obligations (CDOs). Investors are repaid from the principal and interest cash flows collected from the underlying debt and redistributed through the capital structure of the new financing. Securities backed by mortgage receivables are called mortgage-backed securities (MBS), while those backed by other types of receivables are asset-backed securities (ABS). See <https://en.wikipedia.org/wiki/Securitization>

Market:

Incrypture's TradFi CRT pilot project is to build a solution for FNMA/FHLMC Credit Risk Transfer vehicles with unpaid principal balances of over 2 Trillion USD.

Product:

Build a modelling and structuring tool for the CRT market as a minimal viable product. The MVP will be used by the team to bootstrap further fundraising via a token sale and ISO to develop tools for other TradFi securitization markets.

Budget:

50k, Developer costs 625 hours x 80/hr

Road Map:

Code Development Business Development

Month 1 Specifications from Existing C# Code Base Engage with FHLMC & Hedge funds

Month 2 Code Development in Plutus/Marlowe White board business cases with both

Month 3 Development and testing Establish 1 year road map

Month 4 Address Issuer and user feedback MOU with an Issuer and a User

Success Measures:

1. MVP developed for further project funding

2. Buy-in from at least one issuer and one user

Project White paper:

https://drive.google.com/file/d/1DnQh_0FTh266Wh9nIrsl73wW_4bP6PyI/view?usp=sharing

Team Incrypture:[Contact - [email protected]]

Adil Abdulali - Founder

10 years experience structuring and trading mortgage and asset backed securities on Wall St
17 years seeding and investing in Hedge Funds (Protege Partners and MOV37)
MOV37 thesis focused on crypto, AI, machine learning strategies
MIT Masters; initial backer of Digital Currency Initiative 2015

Sean Kim - Founder

Application software engineer,with 30 years of enterprise-level database design expertise
Built Credit Suisse Prime and FICC Derivatives platforms, used to manage multi-billion dollar books
Deep experience with Intex and other structured product apps
Skilled at managing engineering teams, and directly writing code

Michael Grossberg - Advisor

Professor, Computer Science, Grove School of Engineering, City University of New York; Founding Co-director of the Master's in Data Science and Engineering
Faculty positions at Hebrew University, The Max Plank Institute, and Columbia University
Published in Science, ACM Transactions on Graphics (SIGGRAPH), IEEE Transactions on Pattern Analysis and Machine Intelligence, Medical Physics, and Advances in Meteorology
Ph.D. in Mathematics, Massachusetts Institute of Technology

Andrew Chasen - Advisor

30+ years of creating software for modeling structured finance transactions;
Created a library of over 20,000 modeled transactions for use within various analytical and risk management applications
Sold original modeling business to Markit (now IHS Markit) in 2006;
Involved in several new business as investor and advisor

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