VeridexRWA
The Thesis

Power is the
new currency

Not a token in search of value — a cash flow packaged for a select audience of investors and lenders.
Why this collateral clears

What backs the instrument

Contracted, long-dated, USD

Revenue sits under 10-year PPAs, not spot exposure.

Hard physical assets

Dams, turbines, PV, batteries — real plant, not a promise.

Cost floor the market can’t reach

~4¢/kWh secured generation is the durable margin.

Investment-grade off-takers

Listed and large-balance-sheet compute & mining demand.

Why it fits a digital-native desk
Liquidity where there was none — a long-dated, previously illiquid infrastructure cash flow becomes a transferable, exitable position.
Behaves like collateral you already lend against — a yielding position with a mark.
Idle balance sheet at near-zero cost of capital deployed into a real, contracted yield.
The market already prices the underlying asset — compute now trades on public forward curves; power is that curve’s driver.
Path to a credit rating — from BBB toward AAA, turning a unit of generation into a recognized credit.
Why now

The wrapper is legal — and power already has a public price

01

Regulation caught up

The GENIUS & CLARITY Acts give tokenized real-world assets a US legal foundation — custody, transfer-agent path, KYC. None of the exotic-asset platforms we compete with carry a regulatory story. We do.

02

Compute is a commodity

GPU compute now trades on public forward curves. At the margin, compute cost is electricity cost — so a compute curve is a power curve at the datacenter gate.

03

We’re long the underlying asset

Whoever controls low-cost contracted generation is long the underlying asset of a market that now prices itself. Our ~4¢/kWh contracted position is that underlying asset. VeridexRWA is the instrument that makes it transferable.

The capital is already moving: yield-bearing RWA grew from ~$300M to over $11B in about five months. We are bringing a new, real underlying asset to a market that is scaling fast — and looking for the desks that will price it first.

Do you play in power-infrastructure RWA?

Is contracted energy an asset class your desk will underwrite — as collateral, yield, or a tokenized position? That is the first question; we’ll answer the next two with you.

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