Supported Assets & Collateral
Collateral Assets
Collateral eligibility is determined by custodian acceptance criteria — an asset must be supported by at least one qualified custodian partner to serve as collateral on Parthenon Fi.
Digital Assets
BTC
BitGo, Anchorage, Zodia
50%
Primary crypto collateral. Deepest liquidity for liquidation.
ETH
BitGo, Anchorage, Zodia
50%
Includes staked ETH variants subject to custodian approval.
SOL
BitGo, Anchorage
45%
Lower LTV reflects higher volatility profile.
Additional digital assets are added based on custodian acceptance, liquidity depth, and oracle availability. Parthenon does not unilaterally approve collateral types — custodian eligibility is the gating requirement.
Tokenized Real-World Assets (Coming)
US Treasury Tokens
DTCC authorization on Canton (SEC no-action letter, Dec 2025)
Integration planned
Tokenized Real Estate
Via institutional tokenization platforms on Canton
Under evaluation
Commodity-Backed Tokens
DMCC FinX integration (launched Nov 2025)
Partnership in progress
RWA collateral typically receives higher Initial LTV (55–65%) due to lower volatility compared to crypto assets. LTV parameters for each RWA class are calibrated based on historical price stability, liquidation ease, and custodian comfort.
Settlement Assets
USDC (Circle)
Primary settlement asset
GENIUS Act compliant. CBUAE-licensed for UAE transactions.
USDT (Tether)
Secondary (subject to custodian)
Available where custodian supports. Regulatory status varies.
Settlement assets are the denomination currency for loan principal and interest. Borrowers repay in the same Settlement Asset they borrowed.
Oracle Infrastructure
Accurate, manipulation-resistant price feeds are critical for LTV monitoring. Parthenon uses a dual-oracle architecture:
Primary: Chainlink Price Feeds — Industry-standard decentralized oracle network providing aggregated price data from multiple sources.
Secondary: Exchange Aggregator TWAP — Time-weighted average price calculated across major exchanges (Binance, Coinbase, Kraken), providing a cross-reference for Chainlink data.
TICS maintains independent LTV calculations using both feeds. If feeds diverge beyond a configurable threshold, the system flags the discrepancy and may pause automated actions pending manual review — ensuring that oracle manipulation cannot trigger improper margin calls or liquidations.
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