Research & insights
Primers and original research on Korean alternative credit, tokenization structure, and on-chain proofs.
Bankruptcy remoteness: why root64 never touches investor funds
In root64's structure, the company that originates the loans never holds or controls investor money. The assets sit in a separate Korean SPC, and the cash moves through independent parties. Here is how that separation works, and why it matters.
Jun 19, 2026 · 8 min read
ResearchHow root64 calculates NAV: daily batches, forward pricing, and ECL provisioning
A methodology walkthrough of how root64 computes net asset value for its Korean loan pool — a once-daily batch, forward pricing for deposits and withdrawals, expected-credit-loss provisioning, and on-chain inputs an auditor can recompute. No live figures, just the method.
Jun 19, 2026 · 9 min read
ResearchHow stablecoin subscriptions flow into a Korean SPC
A global investor subscribes in stablecoins, but the underlying assets are won-denominated Korean loans. This walks through the designed money path — on/off-ramp, FX, and settlement — that connects a stablecoin subscription to a Korean SPC acquiring loan receivables, and what is live versus planned.
Jun 19, 2026 · 11 min read
AnnouncementsKaia's Yield8 becomes the first cross-border investor in root64's Korean loan-asset programme
Kaia's Yield8, the first tokenized private-credit fund from Kaia Investment Partners, has become the first cross-border investor in the 8percent Korean loan-asset programme that root64 makes verifiable on-chain.
Jun 19, 2026 · 2 min read
ResearchThe redemption problem: liquidity design for non-redeemable loan assets
The loans underneath a private-credit fund run to maturity and cannot be called back early, yet investors want a way out. This is the core liquidity mismatch — and how a structure can be designed to manage it honestly instead of pretending it away.
Jun 19, 2026 · 10 min read
ResearchRegistration vs. verification: root64's multi-layer data verification model
On root64, the party that registers an asset is never the party that verifies it. This separation, and the on-chain record of every check, is what turns "data on a blockchain" into something an investor can actually trust.
Jun 19, 2026 · 9 min read
ResearchSix structural barriers between global capital and Korean credit
Korean loan assets are hard for global capital to reach — not because of one rule, but because of six distinct structural barriers stacked on top of each other. Here is each one, why it exists, and how a transparency-first, offshore structure is designed to address it.
Jun 19, 2026 · 12 min read
ResearchWhat happens when a Korean real-estate-secured loan defaults?
When a Korean real-estate-secured loan defaults, recovery runs through one of two collateral routes: court auction or sale of the non-performing loan. This deep dive walks through the default trigger, both recovery paths, the backup-servicer protection that keeps collection going if the servicer fails, and the historical collateral cushion behind root64's real-estate assets.
Jun 15, 2026 · 13 min read
PrimerWhat is title insurance (권원보험), and why does root64 require it on real-estate collateral?
Title insurance protects a lender against losses from defects in a property's title — forgery, double-selling, undiscovered prior claims. Here is what it covers, how it backstops a mortgage in Korea, and why root64 requires it on every real-estate-secured loan.
Jun 15, 2026 · 8 min read
ResearchHow securities-account-collateralized loans control risk: RMS, forced liquidation, and indemnification
Securities-account-collateralized loans (stock loans) are secured by a liquid, daily-priced collateral pool managed in real time by a third-party risk management system. Here is how the RMS, forced liquidation, and an indemnification layer work together to structurally lower credit loss — and where the risk still sits.
Jun 15, 2026 · 11 min read
PrimerHow can foreign investors access Korean loan assets?
Foreign investors cannot buy Korean loan assets directly in Korea. Access requires a structure that keeps the assets in Korea and connects capital from outside it. Here are the three conditions that have to be met, and what is live today versus planned.
Jun 12, 2026 · 10 min read
ResearchHow root64 holds Korean loan assets: the bankruptcy-remote Korean SPC
root64's Korean loan assets are held by a Korean special-purpose company — a separate, bankruptcy-remote entity, not on 8percent's balance sheet. Here is how that structure protects investors, and what is planned on top of it.
Jun 12, 2026 · 5 min read
ResearchHow to read root64's on-chain proofs
A reader's guide to root64's transparency layer: what each on-chain record contains, how to read a cash-transaction entry and a verification result on a block explorer, and where the public explorer entry point will be published.
Jun 12, 2026 · 10 min read
PrimerKorea's P2P lending law: the Online Investment-Linked Finance Act, explained
A plain-English guide to Korea's P2P lending law — the Online Investment-Linked Finance Act — including what it requires of platforms, how it protects investors, and why it shapes how global investors can access Korean loan assets.
Jun 12, 2026 · 6 min read
PrimerKorean private credit, explained for global investors
Korean private credit is a large, regulated, but hard-to-access market for foreign capital. Here is what it is, how it is regulated, why global investors can't easily buy in, and how an offshore on-chain structure bridges the gap.
Jun 12, 2026 · 7 min read
PrimerWhat is the right to receive principal and interest, explained
The right to receive principal and interest (원리금수취권) is a Korean legal right to collect the principal and interest of a peer-to-peer loan. This post defines it under the Online Investment-Linked Finance Act, distinguishes it from a 'loan receivable,' compares it to loan participation, and explains who can hold it and why it matters for root64.
Jun 12, 2026 · 7 min read
ResearchTransparency before tokenization: why root64 publishes proofs before issuing tokens
Most RWA platforms start by issuing a token. root64 starts by making the underlying assets independently verifiable on Ethereum — and only then tokenizes. Here is why the order matters.
Jun 12, 2026 · 7 min read
PrimerWhat is root64? Korean alternative credit, verifiable on-chain
root64 is 8percent's real-world-asset platform: it records the cash flows of Korean loan assets on Ethereum so professional investors can verify them independently — before any token is issued.
Jun 12, 2026 · 6 min read