Overview

Pipeline gives Originators on-demand senior capital at programmatic terms and deal-by-deal basis — no balance-sheet negotiation, no syndication, no quarterly fund cycles. The equity tranche keeps the economics with the Originator; Pipeline is a handy tool, not a competitor.

Who Originators are

Commodity trade finance experts (including private credit funds) with their own borrower networks and underwriting teams. They originate from existing relationships, structure, and bring deals to Pipeline for senior funding. Independent operational counterparties — not Pipeline employees, not part of the legal structure.

What Originators get

• Senior debt financing
• Capital recycling — repaid principal frees commitment for the next cargo
• Structural alignment — the equity tranche keeps Originator economic exposure, so Pipeline is a handy tool, not a competitor
• Public deal record — every facility on-chain

What Pipeline requires

• Equity-tranche commitment per deal, up to 30%, structured as first-loss
• Track record — book of completed transactions, demonstrable underwriting discipline
• Audited financial statements (minimum two-year horizon)
• KYC, UBO, sanctions and AML clearance across firm and principals
• Operational reporting — cargo monitoring, repayment forecasting, default escalation

How to onboard

Submit interest by filling out this form. We will respond within five business days. Approved candidates clear KYC and AML, and submit their first deal.

Onboarded Originators

Open Mineral AG

Inaugural Originator. Swiss metals merchant founded by ex-Glencore principals, backed by Mubadala. Originator on the inaugural reference transaction.