The process for getting a loan is stuck in the past, and everyone is paying for it:
For borrowers, getting a loan means invasive credit checks, cosigner requirements, and limited collateral options. Even though over 50% of Gen Z holds most of their wealth in crypto, they usually cannot borrow against it without selling and facing taxes.
For lenders, collateral is often a must, but can be messy. Repossessing typical collateral, like cars and homes, is expensive, slow, and unpredictable. Add in the guesswork based on credit history, the only way to stay safe is to raise rates across the board.
This cycle drags down access to opportunity. But what if collateral didn’t have to be illiquid or third-party escrowed funds? What if it could be liquid, verifiable, and available the moment it’s needed?
That is what Anvil’s onchain Letters of Credit (LOCs) make possible…