4.5 How we scale across BRICS nations?

Regional bank clients

We'll consider scaling both the supply and demand side.

On the supply side, the protocol scales geographically by interlinking banks across regional settlement hubs. South Africa is one such hub: it processes regional payments for 16 SADC countries using a hub-spoke model (and accompanying multilateral agreements between commercial and central banks). We'll scale regionally across SADC and globally by connecting similar regional hubs under one shared securitised vault. Thus, beyond SADC, we'll scale compliantly to ASEAN-5 CDS emanating from banks in Singapore, Shariah Arab CDS via the UAE, etc. This creates a BRICS-wide credit system for banks with Just-In-Time USD Liquidity (connected through USD-correspondent accounts, netted off though trade compression). The pie chart below illustrates the addressable market for Trade Receivable synthetic CDOs split by geographic region.

Our underwriter, Old Mutual, facilitates the expansion as it operates across 14 countries in Africa and Asia (including China). We can thus scale our guarantee geographically. This is significant since the “inner CDO” (between bank and underwriter) is a traditional T-bill backed synthetic securitization. Only the second swap (between underwriter and crypto investors) interacts with the blockchain.

$2.5 Trillion Global Trade Finance Gap Split by Region (2022 estimate)

The demand side (i.e. the $BRICS investor) is scalable by nature as an SPL token on the Solana network, though stakeholders are subject to KYC/KYB to enjoy the full realisable value of the synthetic CDO. Expect a Token Generation Event in Q2 2025. A proposed token allocation may be found in Section 3.3.

Repertoire scale: $BRICS may be used to mitigate the full range of bank-intermediated credit, such as Corporate Loans, Credit Card Receivables, Store-card receivables, or even Auto Loans. Section 2.2 expands on the full scope of debt instruments within Collateralised Debt Obligations.