Access real-world yield opportunities
Put your stablecoins to work financing real-world borrowers, instead of relying only on crypto-native yield strategies. Your exposure is to credit backed by real borrowing demand and repayment activity.
CREDIT FORMATION PROTOCOL
Credit for underserved borrowers, powered by the stablecoin economy.
Access real-world credit opportunities through Enoki’s onchain credit markets, and take part in the growth of a new global credit ecosystem.
Starting in Australia, with DodoPay as the first origination partner.
A MORE PRODUCTIVE ECONOMY
EnokiReal-world cash flowsWhere credit begins
Stablecoin capitalA global funding layer
New credit marketsMore possibility
CREDIT THAT CONNECTS BOTH WORLDS
01 / FOR STABLECOIN HOLDERS
Put onchain capital to work
in the real economy.
Enoki brings structured credit infrastructure to the stablecoin economy. You can finance real-world activity that creates tangible value, and earn returns from real-world credit.
Invest with clearer risk information
Understand the credit behind your investment. AI-powered underwriting assesses each borrower’s financial data, repayment capacity and risk profile, and ongoing monitoring tracks how credit performance changes.
Choose your risk and return profile
Choose between two pools with different credit strategies and risk-return profiles. Allocate your stablecoins according to your own objectives and risk tolerance.
Keep your capital flexible
Start with an accessible amount and adjust your allocation as your needs change. Flexible withdrawal options give you more control over your capital, subject to pool liquidity and withdrawal terms.
02 / HOW IT WORKS
From a real borrower
to your pool.
Enoki connects onchain capital with real-world economic activity through its own credit origination and AI-native underwriting.
- 01
Originate
Borrowers with verifiable income and cash flows come in through local originators.
- 02
Underwrite
AI assesses affordability, financial behaviour and ability to repay.
- 03
Structure
Risk is priced and grouped into credit markets with defined parameters.
- 04
Fund
Stablecoin pools fund the credit assets.
- 05
Distribute
Repayments flow back onchain, with reporting at the pool level.
ORIGINATOR
DodoPay
Brings borrowers, AI underwriting, cash-flow data and local servicing.
CREDIT INFRASTRUCTURE
Enoki
Assesses, prices and structures credit risk to create fundable credit markets.
CAPITAL PROVIDERS
Stablecoin capital
Funds risk-adjusted, real-world credit opportunities.
THREE PARTIES, ONE CREDIT LIFECYCLE Repayments from borrowers flow back through Enoki to the pools that funded them.
03 / WHO BORROWS
Unlock an entirely new
supply of credit.
Many people and businesses earn reliably but fall outside traditional credit files. Enoki underwrites them from the financial data they already generate.
- 01
Gig & platform workers
- 02
Freelancers & self-employed professionals
- 03
Salaried & contract workers
First, via DodoPay - 04
Small businesses & independent merchants
- 05
Digital businesses & online sellers
WHY WE START WITH EARNED WAGE ACCESS
- Regular, recurring income
- Short repayment cycles
- Small amounts per advance
- Frequent repayment data
DodoPay’s wage-linked advances in Australia are the first credit assets, giving Enoki its first borrowers and its first repayment data.
04 / WHO’S BUILDING IT
Financial foundations.
Engineering ambition.
Lola
CEO · Fintech product & digital assets
8+ years across fintech product management, consumer and institutional financial infrastructure, and digital assets. At Binance and OKLink, Lola led product initiatives spanning KYC/KYB onboarding, AML compliance, institutional custody and blockchain data analytics.
A serial zero-to-one operator, she also co-founded two digital asset platforms, leading product development and go-to-market execution.
Nathan
CPO · AI, data & software engineering
An engineering leader specialising in applied AI, data infrastructure, cloud systems and payments. Across Endeavour Group and Suncorp, Nathan delivered enterprise data platforms, production AI systems and payment infrastructure.
He also founded Offer Underway and led engineering for Claimmate, taking AI-powered products from concept to launch.
05 / GET ACCESS
Be first in
when pools open.
The pools are not open yet. Leave your details and we’ll let you know when they open, along with each pool’s strategy, risks and terms.
Originators and ecosystem partners can use the same form to start a conversation.
A LITTLE MORE CONTEXT
Good questions.
How is Enoki different from DodoPay?
DodoPay finds and serves borrowers. It is our first origination channel, focused on earned wage access in Australia. Enoki is the credit infrastructure: it assesses, prices and structures the credit that originators bring, so stablecoin capital can fund it.
Can I put stablecoins in today?
Not yet. The pools are not open, and this website does not accept deposits or connect wallets. Request access and we’ll contact you when pools open, with their strategies, risks and terms.
Where do returns come from?
From real borrowers repaying real credit. Returns depend on how that credit performs, so they are not guaranteed, and borrowers can fall behind or default. That is why each pool will publish its credit strategy and why borrower risk is monitored after funding.