Real World Assets On Chain. Collateral tokenization.

Deals are the on chain representation for off chain securitized products (e.g bonds). They contain in them all the relevant information.

Tranches are the way the deals are split up. They create investment opportunities for different risk profiles. Senior tranche has the lower risk, hence lower returns. It is shielded by the junior tranche, that provides first loss capital in the event of a default. Conversely, the junior tranche has a higher yield of return.

The Awake Pools are solidly constructed on:

Smart Contracts: fundamentally in charge of tokenization of assets and flow of funds management.

SPV: the legal entity that represents the Awake pool in the real world. In charge of loan custody, collection and collateral execution if need be. Each individual pool is linked to an SPV.

Awake Finance provides a bridge between real world performing loan portfolios and invoicing flows and the Blockchain. Borrowers put these assets into an SPV specifically set up to eliminate counterparty risk for Awake Investors.