Trade Finance on PYRAX
Trade finance - letters of credit, guarantees, and supply-chain financing - is paper-heavy, fraud-prone, and slow, leaving a multi-trillion-dollar funding gap. PYRAX digitizes trade instruments as escrow-backed contracts that release on verified milestones, with shielded commercial terms and viewing keys for banks, customs, and auditors.
The market
Source: MarketsandMarkets / ICC, 2024. Figures are indicative and provided for context.
What's broken today
How PYRAX transforms it
Concrete network elements mapped to this business.
On-chain escrow
Letters of credit and guarantees are funded into escrow that releases to the exporter automatically when shipment and document milestones are cryptographically verified.
Shielded-by-default ZK transfers
Invoice amounts, pricing, and counterparties stay shielded to protect commercial secrets, while financing banks and customs use viewing keys for compliance checks.
eth_getProof verifiable state
Banks can prove an invoice or bill of lading has not already been financed, eliminating duplicate-financing fraud through verifiable, uniqueness-enforced state.
Multi-VM smart contracts (EVM / WASM / Cairo)
LC terms, incoterms milestones, and multi-tier supply-chain financing waterfalls are encoded as deterministic contracts spanning all trade parties.
BLS proof-of-stake finality
Cross-border trade payments and financing draws settle irreversibly in one block, removing the days of float in correspondent banking.
Buildathon: dApp ideas
Ship-ready concepts for trade finance on PYRAX.
SmartLC
01Digital letter of credit that escrows funds and releases to the exporter on verified document and shipment milestones.
InvoiceUnique
02Anti-fraud invoice registry using verifiable state to guarantee each receivable is financed only once.
ShieldTrade
03Shielded trade ledger keeping pricing and counterparties private, with viewing keys for banks and customs.
SupplyChainFi
04Deep-tier supply-chain financing that cascades early-payment liquidity down to SME suppliers.
GuaranteeVault
05On-chain bank guarantee and standby-LC contract with automatic, condition-based drawdown.
eBoL
06Electronic bill of lading as a transferable, verifiable token that controls goods release.
CustomsKey
07Customs-authority portal validating trade documents through scoped viewing keys without full data exposure.
FactorPool
08Receivables-factoring marketplace where staked capital funds shielded, escrowed invoices.