I’m also experimenting with using CUs for new issuance — basically letting borrowers mint standardized credit exposure with deterministic settlement.
If anyone has thoughts on issuance mechanics or risk modeling, I’m all ears.
One historical note: the basic mechanism for transferring credit risk hasn’t meaningfully changed since the 1600s. We’ve added layers of intermediaries and documentation, but the underlying structure is still the same. Credit Units are an attempt to rethink that from first principles.
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