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The Opportunities
The blockchain has a problem. Despite its brilliant innovation, the current ecosystem's opportunities are either speculative and unstable or don't provide any returns. This has limited its backing and created a narrative that belies the technology's potential. Traditional finance organizations have been slow to trust the technology and the public remains confused about what it does.
Renewable energy has a different problem. Traditional banking institutions don't know how to underwrite and originate renewable energy loans, or how to validate the underlying assets. This has limited lending portfolio allocations for renewable energy projects and created a surplus demand for solar energy financing. Without access to funding, renewable energy solutions have had limited adoption; less than 5% of the energy production in the United States comes from solar energy despite record levels of public demand.
The Answers
Blockchain capital stability requires more than speculation can offer; it requires a grounding in the real world. Tokenization can leverage the blockchain's public ledger to track and trade real world assets faster, with greater transparency, and less overhead than traditional markets.
Opening renewable energy funding to new capital markets through the blockchain, can help meet consumer demand, and drive domestic solar energy production to the levels seen across Europe and China. This relieves energy grids, empowers consumers, and reduces the dependence on foreign energy and fossil fuels.
The Token
LenderLab has closed the gap between the blockchain, real world assets, and renewable energy by creating a new class of token.
Our tokens are digitized debt notes backed by collateralized renewable energy loans. Each loan has funded a solar energy project (is therefore ESG compliant), and is secured by a UCC fixture filing (lien) on the property.
Purchasing a token entitles the holder to all of the returns associated with the borrower loan obligation. Payments are received by a loan processor and are distributed via stablecoin to a registered wallet on the blockchain. This provides swift, transparent,
payments directly to the token holder without transferring funds via slower, less
transparent, off-chain processes.
We've built our new token technology on the public blockchain, instead of a private
"walled-garden" chain, so it is compatible with the greater Ethereum ecosystem. This
dramatically increases token liquidity and flexibility. We don't lock you in.
The Token
LenderLab has closed the gap between the blockchain, real world assets, and renewable energy through the creation of a new class of token.
Our tokens are digitized debt notes backed by collateralized renewable energy loans. Each loan has funded a solar energy project (is therefore ESG compliant), and is secured by a UCC fixture filing (lien) on the property.
Purchasing a token entitles the holder to all of the returns associated with the borrower's loan obligation. Payments are received by a loan processor and are distributed via a stable coin to a registered wallet on the blockchain. This provides swift, transparent, payments directly to the token holder without needing to transfer funds via slower, less transparent, off-chain processes.
We've built our new token technology on the public blockchain, instead of a private "walled-garden" chain, so it is compatible with the greater Ethereum ecosystem. This greatly increases token liquidity and flexibility. We don't lock you in.
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Our unique tokens also incorporate know your customer (KYC) and anti money-laundering (AML) controls on-chain to ensure that all debt transfers meet regulatory requirements. Purchases and payments are transparent, and automatically recorded: facilitating your reporting and auditing processes.
The Loans
Loans are only as valuable and stable as the underlying asset. Our renewable energy
lending partner has over a decade of experience funding renewable energy projects
across the United States. They fund projects in 40 US states and territories, working
with and vetting installation partners nationwide. They work closely with installation and
sales partners to ensure the quality of the underlying assets used to collateralize the
loans.
Their industry expertise, experience, and diligence have created a vetting and
originating process that has generated billions of dollars worth of debt notes that
average a less than 1% default rate while generating a competitive return.
Renewable energy projects stabilize borrower's energy costs, which helps to ensure loan repayment because the traditional energy alternatives continue to increase, but the cost of their solar system stays the same.
The Future
We believe that the future of money is digital, and the future of energy is renewable. We aim to reduce reliance on fossil fuels, reduce strain on energy grids, and increase energy independence. Focusing on renewable energy lending allows us to achieve these goals.
If you believe in supporting the environment, our tokens are a direct, transparent way to ensure that you are part of the green energy solution to a fossil fuel problem.
The Mission
Create a new class of blockchain tokens that provide both stability and lucrative returns by tokenizing real world asset backed debt.
Provide new ways of funding renewable energy projects and fuel the growth of green energy solutions.
Bring lending opportunities traditionally only available to banking institutions to the public.
Create a new market for the fractionalization and trading of debt.
The Team
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Kevin D. Bench
Former Chevron executive with 32 years of experience in marketing, business management, sales, and operations.
Kirk Hoganson
Kirk has an extensive knowledge of blockchain technology. His personal interest in blockchain technology began in 2011 when he bought his first Bitcoin. He has been providing technical solutions, security consulting, and systems architecture for large and small banking organizations for decades.
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Jack Eldridge
Jack co-founded Enium in 2013 and has overseen financial activity and strategy since inception. He has 35 years of experience in accounting and financial leadership focused on sustainability and long-term growth.
The Benefits
Transparency
Token transactions are all visible.
Ease of Reporting
Unlike strictly digital assets, we have clawback controls that prevent loss of assets.
Speed of Transactions
Token transactions typically settle within minutes.
Access
Lending opportunities previously limited to banks.
Stability
Backing by real world assets creates stable value.
Fixed Income Returns
Loan payments are a regular source of predictable returns.
Few Loan Defaults
Our partners loan programs have a history of less than 1% defaults.
ESG Compliant
Our tokens represent renewable energy projects.
Liquidity
Access to public blockchain capital improves liquidity.
SECURITY
Unlike strictly digital assets, we have clawback controls that prevent loss of assets.
Regulatory Compliance
Our tokens integrate KYC and AML compliance on-chain.
Flexibility
Our tokens are EVM compatible.
24/7 Settlement
Token transactions can be settled at any time, day or night.
Transparency
Token transactions are all visible.
Ease of Reporting
Unlike strictly digital assets, we have clawback controls that prevent loss of assets.
Speed of Transactions
Token transactions typically settle within minutes.
Access
Lending opportunities previously limited to banks.
Stability
Backing by real world assets creates stable value.
Fixed Income Returns
Loan payments are a regular source of predictable returns.
Few Loan Defaults
Our partners loan programs have a history of less than 1% defaults.
ESG Compliant
Our tokens represent renewable energy projects.
Liquidity
Access to public blockchain capital improves liquidity.
SECURITY
Unlike strictly digital assets, we have clawback controls that prevent loss of assets.
Regulatory Compliance
Our tokens integrate KYC and AML compliance on-chain.
Flexibility
Our tokens are EVM compatible.
24/7 Settlement
Token transactions can be settled at any time, day or night.
Contact Us
Frequently Asked Questions
LenderLab is a debt tokenization company and platform that enables the funding and trading of renewable energy debt notes; specifically, consumer loans for residential solar installations.
Debt note tokenization is a process that converts traditional debt notes into digital tokens on the blockchain. This technology allows for easier transfer, trading, reporting and funding of renewable energy loans.
LenderLab has developed a proprietary and innovative tokenization process that sets us apart in the industry. Our tokens digitize each unique loan and incorporate blockchain payments, KYC and AML controls. This enhances efficiency, transparency, liquidity, reporting and security in solar finance.
Yes, your security is our priority. We have implemented robust security controls to secure your information. Encryption protocols secure transactions and all data is stored securely. Borrower personal information is not shared on the blockchain, only the loans relevant financial information is digitized.
Our debt notes have an outstanding track record, with a historic default rate of less than 1%. Interest rates and terms vary based on borrower characteristics and the interest rates at time of funding. In general the loans we tokenize are written at prime +1%.