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Cargo works with independent firms for custody, verification, identity and settlement, and runs open programmes for market makers, liquidity providers, originators and venues. Each vault adds its own local counterparties: a warehouse or vault operator, an inspector, a bank and a price reference.

Operating Counterparties

The trustee, security agent, auditor and insurer for each vault are named to investors on signing.

Technical Integrations

Partner Programmes

Market Makers and APs

Quote vault shares against USDC around iNAV, answer RFQs and bid in every batch. In return: authorised-participant status, an inventory loan, fee rebates and a share of auction fees.

Liquidity Bridge LPs

Buy exits at NAV − 1.0% and redeem at NAV − 0.10%, in a segregated mandate run by a licensed panel market maker. Cargo does not manage LP money. Minimum $50,000.

Originators

Licensed producers, exporters and dealers list receipted lots and sell at the reference price less the clearing discount, instead of at the local bid. In the Genesis Vault: licensed cocoa exporters and cooperatives, with lots of 25 t or more.

Private Venues

Licensed venues can list Cargo vault shares with our NAV feed, whitelist and APs. No listing fees either way.

Approved Buyers (Offtake)

Processors, exporters, refiners and traders who want to buy the goods in a Cargo vault join that vault’s offtake panel. On top of entity KYB, an approved buyer provides:
  • two trade references;
  • a signed Approved Buyer Agreement and evidence of authority to sign contracts;
  • import and shipping details for the destination;
  • bank details for refunds of deposits.

Listing on Other Private Venues

We want Cargo vault shares wherever eligible buyers already trade, as long as the venue keeps the whitelist and the NAV anchor intact. Permissioned RFQ networks and licensed OTC desks can quote now, as principals or agents under their own licences. A regulated EU DLT venue becomes worthwhile once monthly volume and EU demand justify it.

Partnership Inquiries

Market makers, LPs, originators, offtakers, venues and general questions: cargovaults@gmail.com. We reply within one business day with the relevant offer and an onboarding slot.