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Patent Pending · 30 Claims · Track One Priority

Private Credit Infrastructure
That Proves Itself

Enveriti is an operational platform for private credit funds. A single patented identifier threads every facility from origination through audit — across every lifecycle event, every computation, and every evidence package. Built on a 6-Step Canton Narrative, the platform replaces manual reconstruction with deterministic, cryptographically-proven truth.

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What Enveriti Does

The back office for private credit — built as a single, provable system instead of a patchwork of spreadsheets.

When a private credit fund originates a loan, that loan moves through dozens of operational processes. Today, each of those processes lives in a separate system or spreadsheet, and fund controllers spend nearly a third of every month reconciling them by hand.

Enveriti replaces that patchwork. The platform threads one patented identifier across up to five parties — the fund manager, the agent, the administrator, the borrower, and the servicer — from the moment a facility is created through every interest calculation, every journal entry, every attestation, and every audit evidence package. The computations are deterministic and reproducible. The results carry cryptographic proof and are immediate — eliminating the operational silos that force month-end reconstruction.

The result is one version of chronologically established truth. Every number ties out, or it fails. Three patent-pending inventions — spanning system architecture, computational methodology, and identifier design — make this possible.

Built for institutional private credit

Canton Network / Daml Architecture
7 Accounting Standards Covered
PCAOB AS 1105 Attestation
180+ Operational Views
Track One Patent Pending
The Problem

Private credit has no operational spine.

Fund controllers spend nearly a third of every month manually reconstructing the same evidence across disconnected systems. The infrastructure that connects origination to audit was never built.

◆

No Identifier Continuity

A facility originates in one system, lives in another, settles in a third, and reports from a fourth. No persistent identifier threads the full lifecycle, so reconciliation is manual and error-prone.

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No Computational Proof

Interest income, carrying values, and amortization schedules are computed in spreadsheets with no audit trail. Results cannot be reproduced independently, and materiality testing is often approximated or skipped.

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No Multi-Party Consensus

Five or more parties touch the same facility — agent, fund manager, administrator, servicer, and auditor. Each maintains their own record. There is no shared, attested source of truth.
Three Patent-Pending Inventions

Each invention solves one of the structural gaps described above.

Filed February 2026 under Track One Priority Examination.

01
Reproducible Computation Methodology

Deterministic computation of effective interest rates, carrying values, and amortization schedules at the component level. Side-by-side EIR vs. straight-line materiality analysis on every facility — previously a manual reconstruction exercise. Every output reproducible to the penny.

Convergence
3
iterations to machine precision
Proprietary EIR solver converges to <$0.01 variance on net investment check across the full life of every facility.
02
Cryptographic Audit Evidence Framework

Every computational output is packaged with cryptographically verified evidence codes — daily positions, carrying values, accrued income, journal entries. Each evidence package is independently reproducible and auditable on demand. It ties out or it fails.

Verification
SHA-256
cryptographically verified evidence packages
Each attestation carries a cryptographic hash linking the event, the attesting party, and the computational output into a single verifiable record.
03
Multi-Party Attestation Architecture

Five distinct roles — Operator, Agent, Administrator, Borrower, and Fund Manager — each attest to the same immutable record for every lifecycle event. Multi-party consensus replaces bilateral reconciliation. No single party can misrepresent the state of a facility.

Attestation Roles
5
per PCAOB AS 1105
Operator, Agent, Administrator, Borrower, and Fund Manager each sign every event independently. Coverage is tracked daily.
$0.00
Zero variance across five reconciliation layers
180+
Operational views across 6 pillars and 19 modules
7
Accounting standards with deterministic compliance rules
5-Role
Per-event attestation under PCAOB AS 1105
The Working Platform

Representative views from the live platform — real data, real computation, real proof.

The Evidence Spine is a working system with 180+ operational views across 19 modules, running 30 facilities across 4 funds. Every number is computed deterministically and reconciles to zero variance. Below are six representative views.

Five-Layer Reconciliation

Five-Layer Reconciliation

Source systems (servicing) must match target systems (accounting) to the penny. The engine runs five reconciliation layers from position-level ($5.00 tolerance) to fund-level ($0.00 tolerance). Any break triggers a mandatory cure workflow.

Zero-Variance Architecture
Attestation Completeness Matrix

Attestation Completeness Matrix

Every material event requires five-role attestation: Operator, Agent, Administrator, Borrower, and Fund Manager. The matrix tracks coverage daily across the full portfolio and flags gaps before they reach audit.

PCAOB AS 1105
Daily Position Accounting

Daily Position Accounting

Every facility carries a daily position record: principal balance, carrying value, accrued interest (EIR), OID amortization, and deferred fee accretion. Each row includes a net investment check that must balance to the penny.

FASB 91 / ASC 310-20
Borrowing Base Waterfall

Borrowing Base Waterfall

A seven-step waterfall computes the borrowing base from gross eligible assets through ineligible exclusions, concentration limit deductions, advance rate application, and dynamic reserve charges. Utilization and coverage ratios update in real time.

Credit Facility Compliance
Multi-Basis Accounting

Multi-Basis Accounting (Three Books)

Three concurrent accounting bases — Expected (GAAP/FASB 91), Contractual (credit agreement terms), and Legal (default provisions) — all derived from one event stream. Book variances surface instantly for compliance and risk review.

Three Books of Record
Compliance Rules Framework

Compliance Rules Framework

25,000 deterministic rules across 12 regulatory and operational domains, each executing as automated SQL tests or manual attestations with full batch tracking and trending.

12 Regulatory Domains
Accounting & Regulatory Coverage

Seven standards, deterministically enforced.

The platform embeds accounting and regulatory requirements directly into its computation engine. Each standard is enforced through automated compliance rules that execute on every transaction — not checked retrospectively in a quarterly review.

+
01

PCAOB AS 1105

Audit Evidence
Core attestation architecture
Five-role attestation model (Operator, Agent, Administrator, Borrower, Fund Manager) with cryptographic verification. Daily coverage tracking, attestation aging dashboard, and exportable audit evidence packages that meet sufficiency and appropriateness standards.
+
02

FASB 91 / ASC 310-20

Loan Origination & Interest Income
8 automated compliance rules
Deterministic EIR engine computes effective interest rates, carrying values, OID amortization, and deferred fee accretion at the component level. Daily net investment checks reconcile to the penny.
+
03

SOX 302 / 404

Internal Controls
10 automated compliance rules
Automated internal control testing across GL balancing, trial balance verification, balance sheet equation, reconciliation break monitoring, journal entry authorization trails, and segregation of duties enforcement.
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04

ASC 820

Fair Value Measurement
7 automated compliance rules
Level 3 fair value hierarchy for private credit instruments. DCF-based valuations using calibrated discount rates (SOFR + credit spread). Full Level 3 rollforward disclosure and unobservable input documentation.
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05

ASC 326 / CECL

Current Expected Credit Losses
8 automated compliance rules
Probability of default, loss given default, and exposure at default models with historical and forward-looking inputs. Vintage analysis, risk-rating-driven PD assignment, and collateral-adjusted recovery rates.
+
06

ASC 860

Transfers & Participations
6 automated compliance rules
Three-prong true-sale qualification testing, pari passu waterfall allocation, and automated double-entry journal generation for participation transactions with gain/loss computation.
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07

ASC 230

Statement of Cash Flows
Cash flow lifecycle views
Automated cash flow classification (operating, investing, financing) derived from the event ledger. Cash flow projections, priority waterfall computation, and liquidity forecasting with obligation matching.
What the Platform Covers

6 pillars, 19 modules, 180+ views — connected by one identifier.

Every module below is built and working in the platform today. Click any pillar to see the modules inside it.

01

Origination & Settlement

3 modules · Deal creation through cash application
+

Facility Origination

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Structures, terms, and UUID assignment at creation.
The platform supports revolving, term, and delayed-draw structures. Every facility receives a UUID at creation, and every component — tranche, fee, OID — is tracked at the component level with its own identifier that links back to the parent facility.

ENV Security Identifier

+
Patented Level 3 identifier for private credit instruments.
Private credit instruments lack standardized identifiers (no CUSIP, no ISIN). The ENV identifier assigns a deterministic, verifiable code to every facility at origination and carries it through the full lifecycle. Each identifier includes a SHA-256 verification hash for tamper detection. Patent pending under Track One Priority Examination (30 claims).

Settlement & Wire Matching

+
Cash application and Level 3 identifiers for private credit.
The settlement dashboard matches wires to expected cash flows and applies payments to the correct facility components. The securities master assigns Level 3 identifiers to private credit instruments that lack standard market identifiers.
02

Accounting & Position

4 modules · GL, daily positions, cash flows, participations
+

General Ledger & Accounting

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Full chart of accounts, journal entries, and financial statements.
The platform produces a complete chart of accounts, general ledger, auto-generated journal entries, trial balance, balance sheet, income statement, and cash flow statement. Every line item drills through to the originating event and facility.

Daily Position Accounting

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FASB 91 engine: principal, carrying value, accrued income, OID.
The FASB 91 / ASC 310-20 engine computes daily positions including principal balance, carrying value, accrued interest income (effective rate method), OID amortization, and deferred fee accretion. Every row carries a net investment check that must reconcile to within one penny.

Cash Flows & Waterfall

+
Priority waterfall, projections, and EIR materiality analysis.
The platform computes a six-layer priority waterfall and generates cash flow projections over the life of each facility. It also runs a side-by-side comparison of straight-line versus effective interest rate methods to quantify the materiality of the accounting method choice.

ASC 860 Participations

+
Three-prong qualification, waterfall allocation, and journal entry generation.
The ASC 860 engine runs participation qualification tests, allocates payments across tranches via waterfall, and auto-generates double-entry journal entries for each transaction with gain/loss computation.
03

Risk, Compliance & Credit

3 modules · Covenants, rules engine, borrowing base
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Risk & Credit Monitoring

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Borrowing base, concentration limits, and covenant tracking.
The platform calculates the borrowing base waterfall with advance rates, reserve deductions, and concentration limit monitoring. A reference ineligibility template tests each facility against defined criteria. Compliance is tracked against credit agreement covenants.

Compliance Rule Engine

+
25,000 deterministic rules across 12 regulatory domains.
25,000 deterministic compliance rules spanning Credit Agreement Covenants, FASB ASC 310-20 (Loan Fees), ASC 326 (CECL), ASC 820 (Fair Value), ASC 860 (Transfers), Borrowing Base, Concentration Limits, Reporting, Risk, Investor Suitability, ERISA, and Supervision. Rules with deterministic SQL tests execute automatically in batch; attestation-based rules track manual sign-offs with expiry dates and document references. A dashboard scores overall compliance and trends batch-over-batch.

Borrowing Base Certificates

+
Certificate generation, concentration limits, and advance rate computation.
The BBC engine generates borrowing base certificates from live facility and position data. Configurable concentration limits (single obligor, top-5, industry, geography, sub-investment-grade) and advance rates (first lien, second lien, unsecured, mezzanine) produce a fully auditable certificate with draft-to-certified lifecycle tracking.
04

Reconciliation & Audit Evidence

2 modules · Five-layer recon, five-role attestation
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Multi-Layer Reconciliation

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Five tolerance layers from position through fund-level match.
Reconciliation runs across five distinct layers, each with defined tolerance thresholds. The platform produces a tolerance cascade report showing exact-match results at every level.

Attestation & Audit

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Five-role attestation, audit packages, and daily coverage tracking.
Each lifecycle event is attested by five independent roles: Operator, Agent, Administrator, Borrower, and Fund Manager. The platform tracks attestation coverage daily, generates exportable audit evidence packages, and produces an attestation aging dashboard showing completeness across the portfolio.
05

Reporting & Analytics

4 modules · Investor, portfolio, risk, report center
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Investor Reporting

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Roll forwards, fund fact sheets, NAV, and capital account statements.
The platform produces roll forward reports, fund fact sheets, portfolio tape exports, NAV per share calculations, and monthly capital account statements. Every figure in every report traces back through the evidence chain to the originating event.

Report Center

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20 institutional reports with export, scheduling, and cryptographic proof.
The Report Center generates 20 institutional-grade reports including borrowing base certificates, fund fact sheets, investor statements, maturity profiles, delinquency aging, covenant compliance, static pool analysis, portfolio summaries, and regulatory filings. Every report is exportable as PDF or XLSX and carries a cryptographic hash linking it to the underlying data at the time of generation.

Liquidity & Risk Analytics

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Firm-level liquidity projections, cash vs. obligations, and risk dashboards.
The platform produces firm-level liquidity projections showing cash positions against upcoming obligations over configurable time horizons. A sensitivity analysis engine models rate shocks, prepayment scenarios, and default stresses. Portfolio-level risk metrics include weighted average maturity, duration, LTV distributions, and concentration analysis.

Portfolio Management

+
Portfolio analytics, exposure tracking, and fund-level performance views.
Portfolio management views show fund-level metrics: total AUM, NAV per share, capital deployment rates, vintage analysis, sector/geography diversification, and performance attribution. Each metric drills through to underlying facilities and evidence.
06

Platform Operations

3 modules · Admin, management company, integrations
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Administration & Documentation

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User management, audit logging, and platform documentation.
Role-based access control with multi-tier authentication (admin, named user, prospect, single-use). Full session tracking and audit logging. Integrated documentation covering system architecture, accounting methodology, security controls, and guided demo walkthroughs.

Management Company

+
GP-level P&L, credit facility tracking, and AUM oversight.
The Management Company module tracks the GP entity's own financial operations separately from fund-level accounting. It includes a management company P&L, credit facility monitoring (borrowing base, draw capacity, utilization), management fee calculations, and AUM dashboards. All three accounting books — Expected, Contractual, and Legal — are maintained independently, derived from the same event stream.

Integration Hub

+
Connectivity to external systems, data feeds, and counterparty networks.
The Integration Hub connects the Evidence Spine to external systems including securities master databases, asset-issuer registries, document management platforms, and counterparty communication networks. Network topology mapping visualizes data flow paths across all connected systems. Every integration carries event-level audit trails.
Canton Network Architecture

Designed for distributed ledger integration from day one.

Every table, event, and attestation in the Evidence Spine carries Canton-ready structural fields — the data model is designed for distributed ledger integration from day one. The architecture is built so that activating Canton ledger transaction IDs and cryptographic signatures from participant nodes is a configuration event, not a rebuild.

Multi-Party Consensus

Five institutional roles — Operator, Agent, Administrator, Borrower, and Fund Manager — validate the same event through Canton’s privacy-preserving sub-transaction protocol. No bilateral reconciliation needed.

Atomic Settlement

Lifecycle events execute as Daml smart contracts where all parties see the same state simultaneously. The gap between “what happened” and “what was recorded” disappears.

Regulatory-Grade Audit

Every Canton transaction produces a cryptographic proof anchored to the Global Synchronization Domain. Auditors verify the ledger directly rather than sampling.

Transition Path

The current platform runs on FastAPI with PostgreSQL — a high-performance async Python framework purpose-built for deterministic computation at scale. Canton-ready fields are native to every table. Moving to production Canton is a backend swap — all downstream views, reconciliations, GL entries, and reports work identically because the data contract (UUIDs, hashes, 5-role attestation) is already in place.

Built by operators, for operators.

25+ years of institutional finance and operations distilled into infrastructure that proves every dollar, every computation, every attestation.

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