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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
106 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.

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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
106
Operational views across
7 pillars and 15 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 106 operational views across 15 modules, running 29 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 five-step waterfall computes the borrowing base: gross collateral pool, eligibility screening, concentration limit deductions, advance rate application, and net borrowing base. 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

Deterministic compliance rules across 5 domains (Credit, Concentration, Reporting, Regulatory, Operational), each executing as automated SQL tests or manual attestations with full batch tracking and trending.

5 Compliance 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.

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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.
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02

FASB 91 / ASC 310-20

Loan Origination & Interest Income
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.
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03

SOX 302 / 404

Internal Controls
Automated internal controls
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
Level 3 fair value hierarchy
Private credit instruments valued via DCF with 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
PD / LGD / EAD models
Probability of default, loss given default, and exposure at default with historical and forward-looking inputs. Vintage analysis, risk-rating-driven PD assignment, and collateral-adjusted recovery rates.
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06

ASC 860

Transfers & Participations
True-sale & participation engine
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

7 pillars, 15 modules, 106 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 & Deal Flow

2 modules · Pipeline through closing, ENV identifier assignment
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Deal Origination

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Pipeline tracking, facility structuring, loan setup, and corporate actions.
The platform supports revolving, term, and delayed-draw structures from initial pipeline entry through closing. 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. The ENV identifier assigns a deterministic, verifiable code with a SHA-256 verification hash for tamper detection. Corporate actions (amendments, extensions, restructurings) are recorded as immutable events on the originating facility. Patent pending under Track One Priority Examination (30 claims).

Morning Briefing

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Daily operational intelligence across the portfolio.
A daily briefing synthesizes overnight activity across the portfolio: maturing facilities, upcoming payments, covenant test dates, attestation gaps, and position exceptions. Every item links directly to the underlying facility and event for immediate drill-through.
02

Accounting & Treasury

4 modules · Fund accounting, audit evidence, treasury, management company
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Fund Accounting

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GL, journal entries, financial statements, EIR engine, cash flows, waterfall, and reconciliation.
The platform produces a complete chart of accounts, general ledger, auto-generated journal entries, trial balance, balance sheet, income statement, and cash flow statement. The FASB 91 / ASC 310-20 engine computes daily positions including carrying value, accrued interest income (effective rate method), OID amortization, and deferred fee accretion. A configurable priority waterfall computes payment allocation, and cash flow projections feed EIR materiality analysis, yield computations, and investor reporting. Multi-layer reconciliation runs across five distinct tolerance layers from position through fund-level match, producing a tolerance cascade report at every level.

Audit & Attestation

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Five-role attestation chain, parity checks, and complete audit trail.
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. Parity checks verify computational consistency across all calculation paths. The audit trail links every figure back through the evidence chain to its originating event.

Treasury & Cash

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Cash application, wire matching, settlement, firm liquidity, and SOFR rates.
The treasury module matches wires to expected cash flows and applies payments to the correct facility components. It tracks fundings, repayments, and settlement activity. Firm-level liquidity projections show cash positions against upcoming obligations over configurable horizons. SOFR reference rates are maintained for rate-dependent computations across the platform.

Management Company

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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.
03

Portfolio Management

2 modules · Positions, analytics, surveillance, participations
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Portfolio Management

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Capital structure, event ledger, daily positions, analytics, and surveillance.
Portfolio management tracks capital structure, the immutable event ledger, and daily position accounting across the portfolio. Analytics views show fund-level metrics: AUM, NAV per share, deployment rates, vintage analysis, and sector diversification. Surveillance dashboards monitor concentration, performance attribution, and scenario history. Every metric drills through to underlying facilities and evidence.

Participations

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ASC 860 qualification, tranche allocation, reserves, and what-if projections.
Participations are an internal private credit function. The ASC 860 engine runs three-prong qualification tests, allocates payments across tranches via waterfall, and auto-generates double-entry journal entries for each transaction with gain/loss computation. The module tracks compliance status, dilution analysis, reserve calculations, cash flow projections, and includes a what-if scenario engine and liquidity manager for forward-looking analysis.
04

Risk & Compliance

1 module · QC matrix, borrowing base, covenants, collateral
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Compliance & Risk

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28 QC assertions, borrowing base, risk ratings, covenants, and collateral.
28 automated quality control assertions execute across 7 domains on every deployment. The borrowing base engine calculates advance rates, reserve deductions, and concentration limits with draft-to-certified certificate lifecycle tracking. Risk reporting covers BPA-based risk ratings, covenant monitoring against credit agreement terms, and collateral coverage analysis. Deterministic compliance rules span 5 operational domains — Credit, Concentration, Reporting, Regulatory, and Operational — each enforced through automated SQL tests with batch tracking and trending.
05

Valuations

1 module · ASC 820 fair value, loan tape, pricing methodology
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Valuations

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Loan tape, ASC 820 fair value pricing, and valuation methodology.
The valuations module maintains the loan tape with current mark-to-market pricing. ASC 820 fair value models produce Level 3 valuations using discounted cash flow, comparable transaction, and market yield approaches. Valuations serve multiple consumers across the platform: accounting relies on carrying value adjustments, risk monitoring uses LTV ratios and impairment triggers, and reporting produces investor NAV and fact sheet figures. Methodology documentation and assumption tracking provide the audit trail required for external valuation reviews.
06

Reporting & Investors

2 modules · 25 firmwide reports, investor relations
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Report Center

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25 institutional reports spanning every domain, with cryptographic proof.
The Report Center generates 25 institutional-grade reports spanning every pillar: borrowing base certificates, fund fact sheets, investor statements, maturity profiles, delinquency aging, covenant compliance, static pool analysis, portfolio summaries, credit loss (CECL), attribution and profitability, daily holdings, roll forwards, platform data tapes, and regulatory filings. The topic determines the content; the report center is the delivery mechanism. Every report is exportable as PDF or XLSX and carries a cryptographic hash linking it to the underlying data at the time of generation.

Investor Relations

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Dashboards, roll forwards, statements, NAV, fund structure, and capital accounts.
The platform produces investor dashboards, roll forward reports, fund fact sheets, capital account statements, and NAV per share calculations. Fund structure views show the LP/GP hierarchy, capital deployment, and vintage analysis. Every figure in every investor report traces back through the evidence chain to the originating event.
07

Platform & Admin

3 modules · Integrations, document center, administration
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Integration Hub

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Adapters, securities master, document registry, and network topology.
The Integration Hub connects the Evidence Spine to external systems including securities master databases, asset-issuer registries, document management platforms, and counterparty communication networks. Configurable adapters support Geneva and other fund administration platforms. Network topology mapping visualizes data flow paths across all connected systems. Every integration carries event-level audit trails.

Document Center

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Platform documentation, technical references, and evidence data exports.
Centralized document repository covering evidence spine data exports, presenter scripts, technical reference documentation, and demo reference guides. Every document is versioned and linked to the platform state at the time of generation.

Administration

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User management, session analytics, diagnostics, and platform configuration.
Role-based access control with multi-tier authentication (admin, named user, prospect, single-use). Full session tracking, login audit, and session analytics. Platform configuration management including data ingestion controls and diagnostic tools for operational monitoring.
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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