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Table of Contents
1.2. Specification of Examples in White Paper
1.3. Forward Looking Statements
2.3. Company Vision
2.4. Market Opportunity
Tokenization of “Real World” Assets
2.6. Securitization on Blockchain
3.1. How the Product Works
3.2. Alchemy Ecosystem
3.3. Credit Risk Analysis
3.4. Risk Management
3.5. Collateralized Debt Obligations
3.6. Product Interactions
3.7. Product Interactions
3.8. Token Custody
3.9. Transfer Agent
3.10. Wallet Conversion
3.11. Business Solutions Using the AFI Product
3.12. P2P Lending and Debt Financing
3.13. Investment Restrictions
4.1. Justin Jung
Founder & CEO
4.2. James Fan
Co-Founder & COO
4.3. JT Bell
Co-Founder & Head of Business Development
4.4. Chris Lowe
Director of Risk Management
4.5. Riley Cagle
Director of Government Relations
4.6. Benjamin Chen
Director of Product Development
4.7. Nick Chen
Director of Assets Acquisitions
4.8. John Tse
China & Southeast Asia Sector B&D
5.1. Security Token
5.2. Smart Contracts and Technology Overview
5.3 Total Number of Tokens to be
Created and Sold
5.3. Commencement and Duration of Token Sale
5.5. AFI Token Price
5.6. Procedures for Buying and Receiving Alchemy Tokens
5.7. Token Distribution
This White Paper is provided and developed by the
ALCHEMY COMPANY, LIMITED. (AFI) team and
describes a decentralized peer-to-peer (P2P)
lending and financing marketplace where
international borrowers and lenders can
participate in transactions through an easy-to-use
and trusted P2P platform.
This White Paper describes the current version of
AFI’s P2P Lending Platform. We prov
description of the technology, based on our level of
knowledge and development. We hope you will
find it valuable. However, there are certain
commitments we are unable to make in regard to
the technology of the protocol. Neither AFI, nor its
suppliers and distributors provide any guarantees
regarding products described herein. We take no
responsibility in regard to the contents of the
protocol software, its special functional
capabilities, availability and compliance with your
requirements. All serv
ices are p...
described herein, may never in fact operate as
1.2. Specification of Examples in White
All examples and demonstrations in this White
Paper are used only as demonstrative examples.
The business of AFI involves manufacturing fintech
products and tokenizing primarily financial assets,
although we do not think it impossible to apply our
proprietary protocols in other fields, with approval.
In our case, first and foremost we create tailor-
made P2P solutions democratizing the relationship
between borrowers and lenders.
1.3. Forward Looking Statements
Certain information contained in this Information
Memorandum constitutes “forward looking
statements”, which can be identified by the use of
looking terminology such as “may”, “will”,
“should”, “expect”, “anticipate”, “project”,
“estimate”, “intend”, or “believe” or the negatives
thereof or other variations thereon or comparable
to individual interested borrowers, which have
historically been serviced by traditional banks and
banking institutions in a centralized manner, which
is not only time consuming, but also labor and
Peer-to-peer (P2P) lending has experienced
tremendous growth over the past decade as
borrowers seek better and more efficient
alternatives to banks. The P2P lending marketplace
is estimated to grow at 53%+ in compounded
annualized growth rate (CAGR) in the next few
years. Morgan Stanley predicted such P2P
marketplace lending will be an industry valued
north of $490B globally by 2020. Per Morgan
Stanley Research, “P
2P lenders have leveraged low
operating costs, minimal regulations, big data and
technology streamlined for a mobile generation to
mediate terms between everyday borrowers who
want quick access to cash and the lender next-door
starved for yield.”
As of today, the majority of peer-to-peer (P2P)
ten years ago, when companies like Prosper
(prosper.com) and Lending Club (lendingclub.com)
kickstarted one of the first waves of P2P lending in
the 21st century. The problem is, these financial
solutions are currently only available in very select
AFI’s P2P platform allows
people around the world
to borrow and lend on the same footing at the
same time; so customers living in countries with
high inflation and interest rates are also able to
benefit from more affordable rates through the AFI
platform. AFI is in the process completing
development on the beta version, and we aim to
be a pioneer in giving market participants around
the world a more balanced lending and financing
Trust is an essential factor in all relationships with
lenders and financial institutions, because of the
intensely personal nature of the business. Since the
2008 financial crisis, the public’s trust in traditional
banking institutions has wan...
and transfers the pool to a legal entity (normally a
special purpose vehicle, “SPV”) established
specifically to issue bonds. Because of this, the
assets are not exposed to the risk of bankruptcy of
the originator’s bank nor to counterparty risk.
Then, the SPV structures the assets within the pool
into several tranches (usually according to the level
of risk) and issues securities
backed by the cash flows generated by the
underlying assets. As a rule, rating agencies like
Standard & Poor’s assign a rating to every tranche,
where the rating of each tranche may be higher or
lower than the rating of others, depending on the
quality of the asset pool. Thereafter the SPV sells
securities, usually to institutional investors; in
certain cases, the originator itself may also become
an investor in a tranche. Finally, the SPV transfers
the proceeds to the originator.
The classic securitizatio...
3.1. How the Product Works
AFI’s P2P interface will allow borrowers to request
a loan and for lenders on the system to directly
fund it. AFI’s AI system will run the credit
underwriting process including credit check, home
ownership and other relevant details. If the
borrower makes it through the underwriting
process, AFI will fund the loan request with money
from the pooled investment account. As part of the
closing process, AFI will set up a monthly
withdrawal of the payment for the note from one
of the borrower’s accounts.
AFI will then roll borrower’s debt into one of its
debt pools. The debt pools will be assembled in
tranches and sold to investors. Investors can
purchase AFI tokens to buy into these tranches of
and thereby have an ownership stake in these debt
Using blockchain technology in the pooling and
tranching of this debt has the following
(a) First, and most importantly, all par...
Formulate engineering and finance team.
Secure financial institutions and retirement fund management interests; NDIRA and in discussion with a few more.
Blockchain smart contracts design and acquire strong interest from students and individuals about Alchemy.
Blockchain smart contract creation and integration.
Alpha version of Alchemy P2P lending Network.
Beta Version of Alchemy P2P lending Network.
Expand Alchemy P2P Lending Network and integration score and credit riskiness valuation for potential borrowers.
Partnerships and beta testing with relevant business, financial and legal partners.
Release product for interested market participants (consumers can start request debt financing through AFI platform). Start with debt purchase.
Product test run for new market verticals (real estate in Cambodia and the Philippines. Also the peer to peer market in SE Asia and Africa.).
First batch transactions of securities and tranches with Alchemy coins.