Access Uzbekistan’s USD sovereign bonds through Senior and Junior tranches, built on Base and settled in USDC.
Structure · Base testnet
$4,821,600
Uzbekistan USD Eurobonds · Senior + Junior on Base
Fixed
Senior · paid first, up to its rate
First loss
Junior · takes what remains
USDC
Settlement · native on Base rails
x402
Data · metered NAV & risk
A Central Asian sovereign, held in an offshore SPV, split into Senior and Junior claims on Base.
Engine · USDC
Every settlement runs one rule, in code. Senior is paid up to its fixed rate first; Junior takes what remains. Everyone settles at the same confirmed price, USDC-native on Base.
See the settlement pipeline →Paid first, up to its fixed rate. The protected claim on the Eurobonds.
The levered claim: takes first loss, then everything that remains once Senior is whole — gains or losses.
Compliance · CB Verify
Eligibility is checked on the share token itself, reading Coinbase Verifications attestations on Base. A verified wallet joins automatically; a revoked one is blocked instantly.
Permissioning
The gate reads Coinbase Verifications on Base. Verified wallets join automatically; revoked ones are blocked instantly.
Standards
Transfer restrictions and country attestations enforce jurisdiction rules — on standards counterparties already accept.
Data layer
NAV, settlement and risk data serve only through a metered API. Holding the institution token is the credential; each query spends it.
One core — engine, compliance and data — that any institution can point at any asset without building a fund stack.
Engine · USDC
One rule in code: Senior paid first up to its fixed rate, Junior takes the rest. Everyone settles at the same confirmed price, USDC-native on Base.
Compliance · CB Verify
Eligibility is checked on the share token, reading Coinbase Verifications on Base. Verified wallets join automatically; revoked ones are blocked instantly.
Data · x402
NAV, settlement and risk data serve only through an x402 metered API. Holding the institution token is the credential; each query spends it.
Beyond the first tranche
Launch tranched, permissioned funds across equities, ETFs, treasuries, private credit and DeFi — without assembling fund infrastructure from scratch.
Deposit on the Base spoke, route over CCCP V2, settle on the Bifrost hub — every step recorded in the data layer.
Spoke → hub settlement pipeline
From the first sovereign tranche on Base testnet to any asset on the same core.
Q1
Uzbekistan's USD Eurobonds split into Senior and Junior claims on Base testnet.
Q2
Eligibility enforced on the share token, with country attestations for jurisdiction rules.
Q3
Metered access to NAV, settlement and risk data for verified institutions.
Q4
More issuers and asset classes on the same core — equities, ETFs, treasuries, private credit.
Omni-Fi wraps Uzbekistan's USD Eurobonds (London / AIX listed, English law) in an offshore SPV and splits them into a protected Senior claim and a levered Junior claim on Base. As far as we can verify, no Central Asian sovereign is on-chain yet — not on rwa.xyz or major tokenization platforms.
Tranching redistributes the return. Junior is paid last and absorbs first loss, so Senior can be paid up to its fixed rate first. Junior takes whatever remains, gains or losses. Every investor settles at the same confirmed price.
Eligibility is checked on the share token itself, reading Coinbase Verifications attestations on Base — not an admin allowlist. A verified wallet joins automatically, a revoked one is blocked instantly, and country attestations enforce jurisdiction rules.
NAV, settlement and risk data serve only through an x402 metered API. Access is paid in a token issued to verified institutions, and each query spends it — holding the token is the credential, so the payment gate is the access control.
Junior absorbs loss before Senior, so the levered claim can lose value. Deployments run on test networks and nothing here is an offer or financial advice.
Walk the Base testnet deployment and the architecture behind it.
Deployments run on test networks. Nothing here is an offer or financial advice.