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Buy. Sell. Earn.

Trade individual
loans on-chain.

Buy and sell whole or fractional interests in specific loans. Receive your share of interest payments while you hold, subject to borrower performance and fees.

Existing, already-funded loans. Real estate, business lending, consumer credit, and other debt categories.

Join the waitlist See an example trade

Preparing for launch. Free to join. No deposit required.

Choose a specific loanBuy a whole or fractional interestTrade its priceEarn interest while holding

A DIFFERENT KIND OF MARKET

Your next edge
is in credit.

Start with the loan. Assess its repayments, collateral, and price.
Then decide whether the market sees its value the way you do.

Sample market data

PROPERTY / 024

Commercial property loan

Backed by commercial property

98.42% of par+0.38 (+0.39%) today
Loan interest rate
9.6% fixed
Remaining term
50 months
Payments
Monthly principal + interest
Repayment status
Current
PRICE ACTION1 DAY 15m candles
Illustrative intraday loan-price chartSynthetic candlesticks show a property-backed loan moving both up and down, from 98.04 to 98.42 percent of par. The chart uses sample market data.
Underlying assetSingle loanSecurityFirst lien
ORDER BOOK SIZE IN USDC
Price (% par)Size (USDC)
98.5412,500
98.508,200
98.464,600
Spread0.08
98.386,800
98.349,400
98.3014,200
SELL / BID98.38
BUY / ASK98.46
All loan details, prices and orders are illustrative, not available investments or executable quotes. The loan’s interest rate is not your investment yield; your purchase price, repayment timing, losses and fees also matter.
01

Understand the position.

A whole or fractional interest in a specific, already-funded loan. Review the repayment terms, collateral, payment history, and documents defining your rights.

02

Read the price.

A price of 98 means $98 for each $100 of outstanding principal, before fees and any accrued-interest adjustment. You decide whether that price reflects the risk.

03

Know what backs it.

“First lien” describes priority over junior liens on the pledged collateral, subject to the loan documents and applicable law. It does not guarantee full recovery.

TRADE A DIFFERENT VIEW OF RISK

What could a
$1,000 trade look like?

The market expects trouble. You think the borrower can recover.

Hypothetical distressed-loan example · USD

  1. Fear pushes the price down.

    A borrower’s income is disrupted, and the risk of default rises. A high-interest loan is offered at 50 cents per dollar of outstanding principal. Your $1,000 buys a position with $2,000 of principal still owed.

  2. You see a path to repayment.

    You believe incoming financial support could bridge the borrower’s income gap and help them keep paying. You buy because your assessment of repayment is more optimistic than the market’s.

    The discount is compensation for taking a real risk. The support could arrive late, fall short, or never arrive.

  3. The borrower pays in full.

    Over the remaining six months, the borrower pays $200 in interest and repays the $2,000 principal. After $10 in illustrative fees, your $1,000 purchase produces a $1,190 gain.

    You can also look to sell if the price recovers. A sale requires an eligible buyer; the exit price and timing are not guaranteed.

Follow your $1,000.SAMPLE
Your purchase $2,000 principal × 50%
−$1,000.00
Interest received Six monthly payments
+$200.00
Principal returned Your loan claim repaid
+$2,000.00
Sale proceeds Held through repayment
$0.00
Illustrative total fees
−$10.00
Net gain
+$1,190.00

A 119% gain on the $1,000 purchase after the illustrated fees. This is a constructed outcome, not an expected return.

Assumes a 20% annual-rate loan with six months remaining, interest-only payments, and principal due at maturity. Prices, repayment and recovery outcomes, and the $10 fee are illustrative, not historical results or TradeABS pricing. Principal receipts are separate from interest; buying at a discount creates a gain only if total receipts exceed your cost and fees. You could lose your entire investment.

A VIEW ON VALUE

What’s your trade?

Your edge starts with a reason the price could change.

01Find mispriced credit

“I think the market is overestimating this loan’s risk.”

Compare its collateral, repayment history, and terms with similar loans. Buy only if you believe the discount is larger than the risk warrants. You could sell if buyers later value it more highly.

What could go wrong: the discount may reflect a risk you missed, or other buyers may never agree with your valuation.

02Trade improving credit

“Stronger repayments could change what buyers will pay.”

Take a position when you expect the borrower’s repayment outlook to improve. A stronger payment record or better collateral coverage could reduce perceived risk and support a higher price.

What could go wrong: payments may deteriorate, collateral may lose value, or the expected improvement may already be priced in.

03Take a view on rates

“Existing fixed-rate payments could become more attractive.”

If market rates fall, a loan paying a fixed rate may become more valuable to buyers. Its remaining term, repayment schedule, and prepayment rights influence how much its price could move.

What could go wrong: rates may rise, the borrower may repay early, or worsening credit risk may outweigh the rate benefit.

These explain possible trading approaches, not proven strategies or expected returns. Prices can fall, and fees and limited liquidity can outweigh a favorable move.

FROM LOAN TO POSITION

Know what you own.
Know where payments come from.

An interest in a specific loan.

TradeABS is preparing a secondary marketplace for existing loans offered by their owners. You choose the loan and the size of your position. You are not applying for a loan or funding a new loan at origination.

The documents for each market will define the interest you buy, the payments it entitles you to, and who holds and enforces the underlying rights. An on-chain record alone does not establish direct loan ownership.

Read the launch details

Borrower payments, through to you.

  1. BorrowerMakes the scheduled loan payment.
  2. Loan servicerCollects and administers payments. TradeABS does not collect from borrowers.
  3. Payment reconciliationReceived funds and applicable fees are accounted for before distribution.
  4. Position holderReceives the payments due under the position’s terms.

The intended payout route is USDC. Providers, conversion arrangements, network, and distribution timing will be confirmed in the launch terms.

YOUR NEXT MARKET

Your next market.
Stay in the loop.

Get launch updates and details about access in your region. Tell us which loans and trading opportunities interest you.

01   Verify your email02   Share your trading style03   Get launch updates

BEFORE TRADING OPENS

The practical details.

The waitlist is open. Trading is not. Here’s what the product means for you, and which launch terms are still to come.

Contact the team
What exactly will I own?

A whole or fractional interest tied to a specific loan. The final legal form, whether a participation or another instrument, will be specified in the market documents before investing opens. Those documents will identify the holder of the underlying loan rights, the party responsible for enforcement, and the rights associated with the on-chain position.

Where do the loans come from?

The focus is existing, already-funded loans sold by their owners, rather than new borrower applications. The initial sellers, servicing arrangements, and listing checks have not yet been announced. Each market’s launch materials will explain the source of the loans and the information available for review.

What will I be able to trade?

Several credit categories, including real estate, business lending, consumer loans, and asset-backed debt. The first available categories and markets will be announced before trading opens. Access will depend on your location and eligibility.

How do I get paid?

Income comes from interest paid on the underlying loan, subject to borrower performance, the position’s terms, and fees. Principal repayments return your capital and reduce the remaining loan balance. An external servicer will collect borrower payments; the intended distribution currency is USDC. The payment provider, conversion process, and payout schedule will be specified in the launch terms.

Can I sell before the loan matures?

Your holding period does not have to match the loan’s maturity. A sale requires an eligible buyer, an agreed price, and compliance with transfer rules. There is no guaranteed buyer, exit date, or sale price. You may need to hold longer than intended and may sell at a loss.

Can I participate, and what will I need?

Launch countries, investor eligibility, identity-verification requirements, supported wallets, custody arrangements, and the network have not yet been announced. These requirements will be published before anyone can invest. Joining the waitlist does not establish eligibility, and no wallet connection or deposit is needed to join.

What are the fees and minimum investment?

The minimum investment and pricing are not yet published. Before investing opens, the fee schedule will explain trading, platform, payment, conversion, and withdrawal charges where applicable. Numbers in the worked example illustrate the arithmetic and are not quoted TradeABS fees.

What happens if a borrower misses payments?

Interest and principal receipts can be delayed or reduced. The appointed servicer will handle borrower collections, with defaults and recoveries governed by the loan and position documents. Collateral does not guarantee repayment, and investors can lose some or all of their capital. A secondary sale may also become harder or require a lower price.

What if TradeABS stops operating?

The launch documents must identify who continues to hold and enforce loan rights, administer payments, and maintain ownership records if TradeABS stops operating. Those continuity arrangements have not yet been finalized or published. An on-chain token alone is not a guarantee of continued servicing, payment access, or a market for resale.

Who operates TradeABS?

The TradeABS team is preparing the marketplace for launch. The operating entity, jurisdiction, responsible team, and appointed service providers will be identified in the launch documentation before investing opens. For product or privacy questions, contact a@swype.network, the team’s current contact inbox.

When does trading open, and what does the waitlist provide?

A launch date has not yet been announced. The waitlist provides launch news and access details, including the first markets and participation requirements. Joining is free, requires no deposit, and does not guarantee priority access, reserve an investment, or commit you to invest.

Credit moves.
Have a position.

Join the waitlist