MITHRIL
秘銀
Capital at the Speed of Cargo
Purpose-bound settlement infrastructure for SME cross-border trade.
Purpose-bound settlement infrastructure for SME cross-border trade.
SMEs produce high marginal value but have become institutional strangers to structured trade finance. Basel's risk math prices trust by stature — balance sheet size, credit ratings, banking relationships. The result: a US$2.5 trillion trade finance gap, a 41% rejection rate, and a 15–42% friction tax on every cross-border shipment.
The infrastructure deficit is structural. Mithril is the architectural response.
Mithril is a settlement protocol that derives trust from the economic reality of the trade — what was shipped, what was received, what was verified — not from the institutional standing of the parties.
Singapore's regulatory infrastructure — the SCS Framework, Purpose Bound Money, MLETR adoption, Project Nexus — provides the foundation. Mithril builds on what Singapore has already decided to do.