Clearpool launches trade finance vault with 15% target yield backed by real-world invoices

Clearpool just rolled out a product that sounds almost quaint by crypto standards: a vault that funds actual invoices and purchase orders. The Trade Finance Vault, launched on July 28, lets USDC holders park their stablecoins into on-chain trade finance deals with a target yield of 15%. How the vault actually works The Trade Finance Vault funds tokenized invoices, purchase orders, and letters of credit. Think of it as the crypto version of factoring, where a company sells its unpaid invoices at a discount to get cash now, and the buyer collects the full amount later. Clearpool built this in partnership with two key players. Tradevu, a trade finance originator, handles the deal flow. Cicada Credit manages risk assessment and underwriting, acting as the vault’s portfolio manager. USDC holders deposit into the vault, that capital gets deployed into trade finance deals, and yields flow back to depositors. The 15% target sits at the top end of Clearpool’s broader vault ecosystem, where yields typically range from 6% to 15% depending on the underlying funding source. Clearpool’s evolution from lending protocol to RWA infrastructure Clearpool launched in the 2021-2022 era, and the protoco...