Turn Bitcoin into working capital.
uLend is building the credit layer for Bitcoin holders and crypto-native businesses: keep the asset, see the risk, draw liquidity, repay, and stay exposed.
Live beta does not mean unrestricted money movement. Public transactions remain gated until each release control passes.
The business in one sentence
We earn a disclosed share of borrowing interest and transaction fees when customers use collateralised credit and settlement routes. Token sales are not counted as revenue.
Get the card. Use the liquidity.
The production integration is built into uLend. A wallet-verified customer can move through issuer checks, virtual card issuance, secure card-detail access, funding and card status without leaving the product journey.
The integration is built. Public enrolment remains controlled.
Public card enrolment is currently closed while the issuer tenant, programme terms and release controls are finalised. The complete product workflow is already deployed behind that launch gate.
5412 3456 7890 4021
- 1
Connect and verify
The customer connects a wallet and signs a verification message. The wallet becomes the customer record for the card journey.
- 2
Complete issuer checks
The customer selects a virtual card product and submits the identity information required by the issuer.
- 3
Issue the card
After issuer approval, uLend sends an idempotent issue request and tracks card status inside the customer journey.
- 4
Open card details securely
Card number, expiry and security code stay inside the issuer’s protected view. uLend does not store or display them.
- 5
Fund and use
The controlled funding route converts confirmed USDT credit into a 1:1 card load, then refreshes the issuer-reported balance and status.
One consumer app for the full credit journey.
The product is more than a website. uLend has native Android and iPhone clients backed by the same wallet, market, transaction and activity services as the web application.
See the consumer app- Android
- Native app, Reown wallet sessions, transaction preparation, signing and activity tracking are implemented.
- iPhone
- The native SwiftUI app builds successfully; production wallet signing remains the final release dependency.
- Shared mobile APIs
- Markets, portfolio, allowances, transaction preparation, status and activity routes are served by the uLend backend.
The wedge is liquidity without an exit.
The first customer is a business or treasury holder with digital assets and a real cash need. The alternative is selling the position, using an opaque lender, or stitching together custody, credit and settlement across several products.
- Beta testers
- 10–12
- Prospective users for the next pilot
- 398
- Founder-funded to date
- US$30K
One customer path from collateral to usable liquidity.
- 01
Bring assets in
Connect a wallet and inspect the supported route, destination and cost before signing.
Open bridge preview - 02
Supply liquidity
Supply an eligible settled asset and see the market rate, balance and withdrawal conditions.
Open supply - 03
Borrow against collateral
Review the borrowing limit, rate and liquidation point, then draw and repay from one position.
Open lending markets - 04
Use the liquidity
Move approved value into the payment or card route when its issuer and settlement controls are active.
Open spend
How Bitcoin enters the product.
The current live stack proves the lending market and connected-route foundation. The Bitcoin-native path is the next controlled release, not a feature we pretend is already finished.
- 1
Lock or verify Bitcoin collateral
The customer retains the economic position while the collateral state is made verifiable to the credit market.
- 2
Execute through SCL
SCL is the planned deterministic execution layer for replayable instructions, settlement state and failure recovery.
- 3
Draw useful liquidity
The uLend market prices the position and releases an approved stablecoin or payment route against it.
- 4
Repay and release
Repayment closes the debt and releases the collateral under a defined finality and recovery policy.
What works today, and what remains gated.
| Component | Status | Evidence boundary |
|---|---|---|
| Consumer web application | Live beta | Wallet, route, supply, lending and position interfaces are deployed. |
| Native Android application | Built | A signed-wallet client, transaction review, mobile activity tracking and release bundle have been built. |
| Native iPhone application | Build proven | The SwiftUI client builds; production wallet signing still needs the approved iOS SDK integration. |
| Lending protocol | Deployed | Core contracts and active reserves are readable on-chain; public write actions remain gated. |
| Bridge | Preview available | Three route pairs and fee quotes are visible; value transfer remains paused while the route controls are completed. |
| Bitcoin and SCL | In build | The production custody, finality, liquidation and recovery path is not yet released. |
| Mastercard card integration | Production flow built | Wallet verification, issuer checks, virtual issuance, secure reveal, card status and controlled funding are implemented. |
| Public card activation | Issuer-gated | The public production endpoint remains disabled until the issuer tenant, programme terms and release controls are active. |
Go to market from funded use, not attention.
The first proof is not a follower count. It is a qualified business that funds a position, draws against it, repays, and comes back.
- 1
Start with one customer
Crypto-native businesses and treasury holders that own digital assets but need operating liquidity without selling the position.
- 2
Run a controlled cohort
Qualify the 398-person prospective audience, onboard the strongest use cases by hand, and measure funded positions and repayments rather than sign-ups.
- 3
Distribute through trusted routes
Add wallet, custody, fintech and accounting partners only where the route has a named owner, attributable activation and clear commercial terms.
- 4
Expand from proof
Use funded activity, repeat borrowing, repayment and partner conversion to choose the next market instead of buying broad awareness first.
Activation
Verified wallet and funded position
Revenue
Borrowing interest and disclosed transaction fees
Retention
Repayment, repeat borrow and supply duration
US$1.35 million seed round.
Proposed US$8 million post-money valuation. The 18-month plan is to turn the deployed foundation into measured loan economics, complete the Bitcoin/SCL release path, and prove repeatable partner distribution.
Continue the investment discussion- Product and protocol engineering
- US$310K
- Security and independent review
- US$145K
- Legal, compliance and risk
- US$150K
- Infrastructure, data and integrations
- US$130K
- Pilot, partnerships and distribution
- US$140K
- Core team and operations
- US$205K
- Protected reserve and contingency
- US$270K
Private discussion only. This page is not an offer or solicitation. The round, valuation and use of funds are management proposals subject to diligence, legal advice and final documents.