In late January 2023 I announced on X that IVY (@ivybypolytrade) was launching the first ever on‑chain credit product in Web3, targeting genuine invoices on Polygon and powered by Polytrade’s Real World Asset (RWA) underwriting framework.
IVY announced the launch of the first on‑chain credit product in Web3.
The credit product funds any genuine invoice raised on Polygon by vendors, service providers, or freelancers.
Funding is delivered through the IVY app.
Polytrade (@Polytrade_fin) provides the underwriting authority via its Real World Asset (RWA) framework.
- Invoice funding workflow:
@heyBarsee replied “Free”.
- Vendors submit a genuine invoice on Polygon.
- The IVY app validates the invoice.
- Polytrade’s RWA framework underwrites the credit risk.
- IVY disburses on‑chain credit directly to the invoicer’s wallet.