Every letter of credit is a promise.

Most break.

DTG Protocol

makes them execute.

Execution infrastructure for trade finance.

The default rate on short-term trade finance is 0.021%.
Banks decline 41% of SME applications anyway. The reason is not risk. It is cost.

Your bank is declining
business it should be taking.

DTG changes the economics.

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5 min 30 sec · $10 trillion moves through trade finance every year. Most of it still runs on hope.

$800–$2,200
Cost to process
one LC today
$2.5T
Unmet
demand gap
70%
LCs rejected on
first presentation
49
Patent claims
filed at USPTO
The Excluded Middle

A buyer in Dubai needs $50,000 of goods from a textile manufacturer in Karachi. The buyer asks their bank for a letter of credit.

Processing cost per LC: $800 to $2,200. Fee income on a $50,000 trade: $375 to $1,000.

At best the bank breaks even. At worst it loses money.

The LC is never issued. The manufacturer ships blind, the buyer pays blind, or the trade never happens.

No safety net for either party.

41%
SME trade finance
applications rejected
0.021%
Default rate on these
same instruments

With DTG

Per-trade cost drops below $200. The LC gets issued.
10 days becomes 48 hours.

Operational impact

Six categories.
Your numbers.

Banks ask what changes inside the operation. Here are the categories the bank's own treasury, ops, risk, and compliance teams put numbers against. We supply the categories. Each bank supplies the math.

01
Examination team time
40-60% of examiner time goes to coordinating who has the document, when the clock started, whether someone replied. DTG removes that load. Team focuses on substantive review.
02
Capital velocity
Same corridor, capital cycles 3.5-7x faster. UCP 600 deadline-miss exposure converts directly to operational risk reserves. Reduce the exposure, free the reserve. Treasury makes the call.
03
Audit response time
Audit trails today live inside the bank's trade platform — readable in the vendor's system. With DTG: a verifiable procedural record, mathematically reproducible by any third party using standard cryptographic libraries, independent of vendor continuity. Same record satisfies internal Risk Committee, second-line compliance oversight, and external supervisory review.
04
Settlement velocity
Examination concludes within deterministic bounds, not 10-14 days. Working capital impact for the applicant becomes a commercial lever the bank can price into facility terms.
05
Dispute exposure
A meaningful share of LC disputes hinge on procedural timing arguments. DTG removes those by construction. Categories of legal exposure that simply do not arise.
06
Second-line evidence
Continuous machine-evidenced control attestations on UCP 600 procedural conformance. Risk Committee evidence shifts from narrative to data. The bank's second line of defence reads the protocol record directly, without first-line dependency.

Banks ask what does this save us. The answer is bank-specific. The categories are universal. The protocol holds the timing record. Trade Finance values the cost reduction, the velocity, the SME pipeline that becomes economic. Risk and Compliance values the control evidence, the audit defensibility, the supervisory record produced automatically. One protocol. Two buyers. Same artefact.

What DTG Is
  • An execution layer for letters of credit under UCP 600
  • One bank deploys. The network follows.
  • Runs on existing rails, your systems, your settlement
  • If no party acts, the rule's consequence executes automatically and the protocol records it. Days become hours.
What DTG Isn't
  • Not a blockchain. Not a shared ledger.
  • Not a platform requiring consortium adoption.
  • Not workflow software. Not a checklist with an API.
  • Not a payment rail. DTG never holds or moves funds.

A bank running DTG produces a verifiable record of every decision made.
A bank running manual processes cannot.

UCP 600 Article 16(f) preclusion exists in doctrine. DTG makes it provable in practice.

Status
StagePre-commercial · demo live
ArchitectureFormally verified · TLA+ · 44,047 states · zero violations · demo available
FundraiseRaising Pre-Seed
EntityUK Registered
Demo

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