PureStone

Overview

Credbull presents PureStone, a private credit investment product offering high risk-adjusted yield through a premium instant settlement SME financing solution. The product bridges traditional finance with digital asset infrastructure specifically designed for institutional and accredited investors seeking to diversify and hedge against crypto volatility in a short to medium-term time horizon.

A key advantage of PureStone lies in its market leading risk/reward profile. In addition to real-time transparency of all capital allocation, the credit issuance is fully collateralized by cash receivables and designed with auto-repayment at zero/near zero credit default risk.

Key Product Features:

• Non-correlated 15% APY
• Investment-grade assets with built-in zero percent credit risk and full transparency of capital allocation

Product Terms

Additionally, 100% of profits generated from PureStone will go towards the $CBL Rewards Pool, allowing anyone to stake $CBL and earn a claim on 100% of all TVL profit with its innovative yCBL yield-bearing token. Read details on 👉 $CBL Rewards Pool.

Asset Structure

PureStone is structured in an exclusive deal with Klub, a leading SME Originator offering instant settlement invoice financing solution on Noon, the Gulf Region’s largest ecommerce platform. The asset structure includes:

• Offers 7-14 day invoice financing to qualified merchants on noon in a secured form of credit line with weekly drawdowns;
• Merchants receive upfront payment of up-to 100% of cash receivables (less fees) as per the Weekly Settlement Report issued by noon, rather than the normal 7 day settlement cycle;
• The product's downside protection is anchored in its interception of the credit line repayments directly from incoming receivables before merchants receive any funds from the sale of goods;
• Automated repayment mechanism eliminates collection risks associated with SME lending, providing a robust layer of security for lenders with near zero defaults under normal market conditions.

Lender Dashboard

BlackOpal’s onchain/offchain capital allocation is fully transparent to lenders in real-time through Lender Dashboard. Data is provided directly from the Fund’s Lending Management System and includes:

1️⃣ Product performance and key performance indicators
2️⃣ Transaction-level details including disbursement dates, amounts, and repayment schedules
3️⃣ Real-time yield performance and returns
4️⃣ Complete repayment tracking and settlement status
5️⃣ Historical allocation trends and current yield distribution
6️⃣ Risk metrics including default rates
7️⃣ Data deployed onchain for immutable records

Product Positioning

High Level Architecture

The PureStone architecture provides DeFi liquidity to real-world assets through a smart contract-based vault system. The main vault implements ERC-4626 compliant vault standards, providing a standardized interface for yield-bearing tokens and deposit/withdrawal operations. This standardization ensures secure token accounting, predictable yield calculations, and compatibility with the broader DeFi ecosystem while maintaining battle-tested security features for asset management. The system extends the standard vault functionality to enable bridge operations and settlement, connecting to BlackOpal Onchain Private Credit Fund (Credbull's sister company), which in turn is responsible for deploying assets into originators and subsequently into Real World SME invoice financing.