Welcome to Parthenon Fi
Fixed-Rate Lending for Digital Assets and Real-World Assets on Canton Network
Parthenon Fi is a custody-native, fixed-rate lending protocol built on Canton Network for institutional and accredited investors. The platform enables both overcollateralized and undercollateralized credit via permissioned markets, with collateral held at qualified custodians under a Multi-Party GMSLA legal framework.
Who This Documentation Is For
This GitBook is read by three distinct categories of people, and we have structured it accordingly.
Investors, Borrowers & Lenders
Start with the Overview section to understand what Parthenon Fi does, why it exists, and how fixed-rate institutional lending works on Canton Network. Then explore Module 1 (overcollateralized lending) and Module 2 (institutional credit infrastructure) for product-level detail.
Developers & Auditors
The Technical section covers Canton Network's architecture, Daml smart contract design, the TICS (Transaction Instruction & Confirmation System), oracle integration, and security model. If you are integrating with Parthenon Fi or auditing the protocol, start here.
Legal & Regulatory
The Legal Framework section details the Multi-Party GMSLA, Master Loan Agreement template, risk disclosures, and collateral perfection mechanics. The Regulatory section covers ADGM licensing, US positioning under Regulation D, VARA considerations, and compliance infrastructure.
→ Go to the Legal Framework section
Core Design Principles
Collateral Immobility
Assets remain locked within qualified custody infrastructure throughout the loan lifecycle. No transfers to protocol-controlled pools.
Fixed-Rate Certainty
All rates are locked at origination for the full tenor. No unilateral adjustments by borrower or protocol.
Custody-Native
Qualified custodians (BitGo, Anchorage, Zodia) hold all collateral under tri-party account control agreements.
Permissioned Markets
All participants verified via custodian CDD processes. Institutional and accredited investors only.
Legal-First
Every transaction governed by ISLA GMSLA 2010 with Digital Assets Annex. English common law enforceability via ADGM.
Privacy by Architecture
Canton Network's sub-transaction privacy ensures counterparty data is visible only to relevant parties.
Quick Links
$65M+ in LOI commitments from institutional counterparties
Team: Ex-Fidelity, Amazon, Stanford, Wharton
Network: Canton (Digital Asset / DTCC / JPMorgan)
Custodians: BitGo Bank & Trust, Anchorage Digital Bank, Zodia Custody
Legal Framework: ISLA GMSLA 2010 + Digital Assets Annex (Clifford Chance)
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