Reditus (ITCO)

    Advanced Platform for Trading

    The Reditus platform is a sophisticated platform for investing, trading, and collecting receivables. It increases the possibility of recovering Non-Performing Loans (NPLs) and lowered small receivables that are socially expensive. Reditus democratizes receivables via a sustained utility token ownership model. That is achieved with the Reditus Receivable Management System (RMS) that allows the collection and assessment of receivables, as well as a trading system through outstanding receivables tokenization.

    NPLs are inevitable to manage financial institutions’ financial soundness. These are an investment instrument capable of achieving relatively stable returns based on the efforts to collect receivables and collateral process. However, since specific requirements need to be met to obtain NPLs, people are less likely to directly engage in an NPL investment. Asset management firms which can acquire NPLs are introducing NPL fund instruments that enable individuals to participate in investments. However, not all can do so because a significant amount of minimum investment is needed.

    Meanwhile, for credits payments which occur frequently with regular clients, and for small cash loans made between acquaintances without agreeing on a repayment schedule or interest, creditors usually suffer because of poor performing debtors, who are obligated to settle the debts but delay payment unintentionally or intentionally.

    Daily investors find it hard to participate in attractive NPL investment opportunities and are often exposed to the risk of financial losses because of unforeseen delays in the collection process. To address that, Reditus aims to disintermediate the existing process and build a more conducive environment for daily investors to participate in the sphere.

    The Reditus platform leverages the blockchain to tokenize receivables, delivering an end-to-end, blockchain-powered platform which lets network participants hold, source, and trade receivables in an inexpensive, accessible, transparent, secure, and convenient fashion. Utilizing smart contracts for documenting credit transactions and small cash loan seamlessly and securely will give a basis for creditors to easily collect account receivables or personal loans.

    Token ITCO
    Type Utility
    Price 1 ITCO = 0.018 USD
    MVP/Prototype Available
    Platform Ethereum
    Country Singapore
    Whitelist/KYC KYC
    Website https://www.reditus.io
    Twitter https://twitter.com/ReditusINC
    White Paper https://www.reditus.io/documents/reditus-whitepaper.pdf