For Crypto-Native Partners
India's $400B+ credit market. Zero onchain presence until now.
You've tokenised US Treasuries. You've tokenised money markets, private credit, real estate. But India — the world's fifth-largest economy, $400B+ in outstanding corporate credit, 12–16% gross yields — has had zero regulated onchain representation. ICT changes that. IFSCA-regulated. SEBI Cat II performing credit. ERC-3643 permissioned. Ethereum L1.
What makes ICT different
Fully regulated
IFSCA-licensed FME at GIFT City. SEBI-registered Cat II AIFs. Real legal entities, segregated investor assets.
Performing credit
Diversified Indian corporate, mid-market, and MSME pools. Sub-2% historical defaults. Not microfinance.
Permissioned by design
ERC-3643 token standard. ONCHAINID-gated. Only verified accredited investors can hold or transfer.
Structural yield
AIF portfolio returns — credit spread-driven, FX-hedged. No protocol token dependency.
Auditor-certified NAV
Quarterly, on-chain attestation (3-of-5 multisig). IPFS audit report hash.
Legal wrapper
FPI into SEBI AIF. Not a smart-contract-only structure.
Integration paths
Listing on your venue
List ICT as a tokenised RWA product on your distribution platform. ERC-3643 compliance layer handles permissioning — your users connect wallet, complete KYC via Sumsub, receive ONCHAINID, and subscribe.
Vault collateral
ICT as collateral in your lending vaults or yield strategies. Quarterly NAV oracle provides pricing. ERC-3643 transfer restrictions enforce that only whitelisted addresses can receive liquidated collateral.
Lending market collateral
Accept ICT as collateral in permissioned lending markets. NAV oracle integration provides certified quarterly pricing. Liquidation paths respect ERC-3643 compliance — no open-market liquidation to unverified wallets.
Index inclusion
Include ICT in RWA index products or basket tokens. ICT adds India credit exposure — a geography and asset class absent from every existing onchain RWA index.
Technical specifications
Token standard
ERC-3643 (T-REX) — permissioned digital security
Identity
ONCHAINID — on-chain claims (KYC, AML, accreditation, jurisdiction)
Chain
Ethereum L1 (v1). Institutional chain expansion in Phase 2.
Decimals
6 (mirrors USDC precision)
NAV oracle
Custom quarterly oracle. 3-of-5 multisig attestation. IPFS audit report hash.
KYC provider
Sumsub
AML screening
Chainalysis
Custody
Fireblocks native ERC-3643 support. Self-custody with whitelisted wallets.
Upgrade pattern
UUPS proxy + OpenZeppelin ProxyAdmin + 72h timelock
Secondary transfer
Permissioned on-chain between whitelisted addresses. No AMM.
Composability roadmap
Phase 1 · Live
Direct ICT token + quarterly NAV oracle. Integration via standard ERC-3643 interfaces. Partners query NAV, verify holder compliance, and build around the token.
Phase 2
ERC-4626 vault wrapper — standard deposit() / redeem() / totalAssets() interface for DeFi composability. Permissioned shares inherit ICT compliance rules. Enables native integration with vault aggregators, lending protocols, and yield strategies that speak ERC-4626.
Integrate India credit into your protocol.
Confidential — for prospective integration partners only · Last updated: April 2026