Hard problems in regulated spaces
We build valuation methodology for assets without market prices, legal perfection infrastructure for digital collateral, and compliance frameworks for asset classes that did not exist five years ago. If you want to build infrastructure that makes modern wealth lendable, we should talk.
What we're building
Level 3 Asset Valuation Models
Build pricing engines for assets without market-clearing prices. LP interests, private company stock, RSUs, and tokenized securities. Multi-source data fusion, asset-specific risk models, ASC 820 compliance, and examiner-ready documentation.
UCC Article 12 Control Architecture
Implement technical infrastructure that satisfies Article 12 control requirements. Control-based perfection with super-priority. Custody integrations that establish control. 33 jurisdictions enacted; the legal framework exists.
Compliance Infrastructure
Design systems that satisfy True Lender tests, OCC 2011-12 model risk requirements, NCUA guidance, and fair lending analysis across 50 states. Documentation generated at origination, not assembled after the fact.
Why this is hard
Building pledged-asset lending infrastructure requires a team who understands both Python and UCC Article 12. Every line of code exists in a regulated context. Every feature must satisfy examiners as well as users. The asset classes we handle require valuation methodology beyond market quotes.
ASC 820 Fair Value Hierarchy:ASC 820 places LP interests, private company stock, and tokenized securities in Level 3: significant unobservable inputs. Building defensible valuation methodology requires multi-source data fusion, asset-specific risk models, and continuous calibration against outcomes.
UCC Article 12 Control:UCC Article 12 uses control, not filing, as the basis for perfection. Control requires technical architecture that enables a secured party to exercise exclusive power over controllable electronic records. Building compliant control infrastructure is the hard part.
Custody Integration:Custody integrations across brokerages and exchanges. Each requires separate negotiation, security review, and ongoing maintenance. Getting API access is not a checkbox; it is a relationship.
Our operating principles
Regulatory hygiene first
Every feature starts with the examiner in mind. Compliance is foundational, not retrofitted.
Valuation methodology over data feeds
Account aggregation retrieves balances. We determine fair value for assets without market prices. Different problems, different capabilities.
Precision over enthusiasm
Clear, factual communication. Technical accuracy over marketing language.
Autonomous ownership
You own your domain end-to-end. Context and judgment beat process and approval chains.
Current openings
We're always interested in talking to exceptional engineers, particularly those with experience in financial services, regulatory compliance, valuation methodology, or alternative asset markets.
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