Cap Combines Blockchain-Based Capital Markets with Financial Guarantees

Cap is a decentralized credit protocol that provides on-chain access to yield generated from loans issued to businesses in the real economy. The platform combines blockchain-based capital markets with financial guarantees from independent underwriters, creating a system where users can deposit U.S. dollar-denominated assets to earn yield backed by insured credit exposure.

The native CAP token supports the protocol's ecosystem and governance, while the platform aims to bridge decentralized finance (DeFi) with traditional private credit markets. Cap operates as a credit marketplace where underwriters independently originate, evaluate, and insure loans made to companies outside the crypto industry.

By funding loans to businesses in the real economy, Cap expands the range of real-world assets (RWAs) accessible through decentralized financial infrastructure. The protocol's design reflects the growing trend of tokenizing and financing real-world assets, expanding decentralized finance beyond crypto-native collateral.