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About Untangled
Untangled Finance is a decentralized credit protocol that tokenizes real-world assets (RWAs), primarily focusing on green and impact finance. It connects DeFi liquidity with traditional lending by converting illiquid assets such as invoices, trade receivables, and SME loans into on-chain tokens. Its core products include OctoVault (a vault infrastructure for managing diversified asset pools) and OctoLend (a lending market with a novel mechanism called Collateral Delegation, which helps bootstrap liquidity for non-DeFi-native tokens like BTC, XLM, and XRP). The protocol also operates Credio, a risk oracle that provides real-time monitoring and risk data, and recently completed a proof-of-concept with Moody's to bring credit ratings on-chain using zero-knowledge proofs, enhancing transparency while protecting proprietary information. Untangled addresses the market pain point of fragmented and opaque RWA credit markets by offering a unified platform for issuance, risk assessment, and secondary trading. In the past six months (March–September 2026), the project has focused on expanding its oracle capabilities and integrating with additional blockchain networks, though specific milestones are not publicly detailed. No major negative events have been reported during this period.
Untangled (RWA credit platform) has advanced significantly in the past six months. Key developments include the deployment of Credio as an independent risk advisor for Billon, a lending protocol for tokenized assets launched with AlloyX Group, Polygon Labs, and Axion Foundation, powering Asia's first leveraged vault for tokenized assets. The launch of OctoPos provides unified position monitoring across Stellar and EVM chains, with risk monitoring features that detect oracle anomalies and pool health issues in real time, addressing gaps exposed by recent DeFi exploits. Additionally, Untangled Loop enables synthetic perpetual futures on Stellar, supporting the delta-neutral strategy vault USDyc.
Future focus areas include expanding risk governance frameworks, enhancing cross-chain monitoring capabilities, and scaling synthetic asset strategies. The team emphasizes institutional-grade infrastructure, with plans to deepen integrations across protocols and chains, while continuing to develop Credio's risk oracle capabilities and expanding the OctoPos ecosystem to support more assets and networks.
Quan Le: Co-founder, currently Co-founder of Untangled.Finance (since 2020). Previously founded Binkabi, a blockchain-based agricultural supply chain financing platform, and served as Managing Director of GMX Consulting, designing rice farm projects in Africa. Prior to that, spent 16 years at PwC in strategy, M&A, and audit.
Manrui Tang: Co-founder, currently Co-founder of Untangled.Finance (since 2020). Previously co-founded Binkabi (2017-2020), and held M&A roles at National Grid and PwC. Holds degrees from Imperial College London and LSE, and is an ICAEW Chartered Accountant.