How It Works
Apply & Approve
Customers apply for financing and get approved by Backstop’s proprietary underwriting model.
Fund the Purchase
Backstop purchases the real‑world item — auto parts, electronics or more — and fronts the cost.
On‑Chain Offerings
The loan is tokenized and listed on‑chain for crypto investors to fund fully or partially.
Earn & Repay
Investors earn APY from each repayment cycle while borrowers repay over time. Everyone wins.
Underwriting & Risk Management
Smart Underwriting
We combine credit scores, purchase data and on‑chain metrics to approve borrowers fast and accurately.
Asset Collateral
Every loan is collateralized by the item financed. In case of default we repossess and resell the asset.
Diversified Pools
Investors can choose across categories like electronics, auto parts, jewellery and more to spread risk.