Lend

Lend is a French platform founded in 2025, operated by LEND REAL ESTATE SA registered in Paris, that tokenizes debt-income streams from commercial real estate projects: each project is held by a dedicated SPV, investors start from 10 USDC and receive opLend tokens representing SPV debt claims, earning a fixed 8% to 15% APR. It targets on-chain yields that generally move with crypto markets: returns here come from real estate operations like rent and redevelopment resale, showing low correlation with token prices. Funds are aggregated into USDC and transferred to the SPV through a compliant partner, opLend is an ERC-20 deployed to Ethereum, Arbitrum, Base, Polygon and other networks via LayerZero's cross-chain messaging layer, oracles use Chainlink, contracts are audited by Hashlock, and issuance follows French law article L.411-2 with KYC/AML enforcement.

In the RWA track it divides labor clearly with treasury-tokenization schemes: the latter anchor rate products while Lend anchors the operating cash flow of individual property projects, and holders can also vote on project handling through opLend governance. Investors connect a wallet, complete identity verification and fund positions, with interest paid continuously until property sale; data center, residential redevelopment and commercial unit projects have completed fundraising, and the Vouziers project raised about $410,000 in total. These tokenized debt claims had no secondary trading market at launch, so exits depend on maturity redemption with no transfer venue in between.