Builder Spotlight: Intain Brings Securitized Finance to a Subnet

There are trillions of dollars in the securitized finance market, but transparency, liquidity, and efficiency are holding it back from even greater potential according to Siddhartha, the founder and CEO of Intain who is on a mission to overhaul this market for good.

Intain has recently launched IntainMARKETS, a digital marketplace for tokenized asset-backed securities (ABS) on a new Avalanche Subnet.

IntainMARKETS complements IntainADMIN, Intain’s data platform already administering $6B in assets. IntainMARKETS combines tokenized issuance of ABS with the IntainADMIN arm, utilizing Avalanche to build a better issuer and investor experience. We chatted with Siddhartha about IntainMARKETS, how he uses AI, and where he sees securitized finance going.

Ava Labs: What inspired you to launch a digital marketplace for asset-backed securities on Avalanche?

Siddhartha: Anybody who has seen The Big Short knows how badly things can go wrong with our financial system, especially structured finance. Blockchain provided the first opportunity to get the system’s multiple entities — the issuer, the custodian, the rating agency, the servicer, trustee, investor — on a common platform. That was my thought for starting Intain.

Ava Labs: What makes Avalanche the best chain for IntainMARKETS?

Siddhartha: With Avalanche Subnets, you can create a permissioned environment on a public blockchain. That was a prerequisite for us. All of the validators and participants on the platform are known and permissioned. We also had the ability to ensure that all the Subnet validator nodes were US-hosted, which no other public blockchain can assure.

Ava Labs: Were there other reasons you chose Avalanche?

Siddhartha: Yes, there are the hard facts that differentiate Avalanche as a blockchain. But we were also attracted to the Ava Labs team, which blends computer science and finance. Ava Labs has a great institutional finance team who “get it.”

Ava Labs: Are you using any other nascent technologies?

Siddhartha: Yes, AI. When I started Intain in 2018, I had a broad sense that we could combine blockchain for data and the process flow and AI for automation, creating an integrated, seamless product for structured finance.

Ava Labs: How exactly does Intain use AI?

Siddhartha: Our AI-powered software reads through loan contracts to verify them and then brings them on-chain for certification by a financial institution before creating an NFT. This lets anyone know that each NFT actually represents a loan, one that has been approved by an AI engine and certified by a financial institution.

Ava Labs: How do AI and blockchain help you meet Intain’s mission?

Siddhartha: The three pillars for Intain’s strategy are efficiency, transparency, and trust. These are also the three areas where structured finance has been lacking. To achieve those pillars, we needed integrated and automated processes with as little human intervention as possible. And in order to build these systems, we needed blockchain and AI.

Ava Labs: With the launch of IntainMarkets, you’ve added a tokenization platform to your data platform. Intain has completed two parts of its three-part roadmap. Can you please walk us through each part?

Siddhartha: Intain will complete its full journey in three phases. The first, bringing data for assets and securities onto a blockchain, was completed with IntainADMIN. The second, creating digital versions of these assets and securities and issuing them as tokens, is what we’re doing with Avalanche now. Part three will be an exchange where these tokens are freely tradable on the secondary market.

Completing the first part took four years. We’ve just built the second part on Avalanche. Now, it’ll be 6–12 months before we can make assets tradable, but it will most likely be through integration with partners.

Ava Labs: Who will issue and buy digital securitized assets on IntainMARKETS?

Siddhartha: Any asset lender looking to raise capital could use our platform. We’ve spoken to traditional lenders, like mortgage lenders, and also alternative asset issuers like neo-lenders that haven’t been able to access traditional asset securitization.

With Intain, these asset lenders can bring a portfolio of loans that would typically be too small for a traditional structured offering. Our platform opens the doors to a wider range of issuers. That leads to the second part: investors.

Investors are institutions who would be interested in asset-backed securitizations, but who perhaps have been priced out because of the ticket size being too high. With the efficiencies of a digital marketplace, Intain can support smaller ticket sizes.

That’s the target on the buy side: Any institution that would buy asset-backed securities on a digital marketplace where deal sizes can be smaller, transactions faster and more efficient, and where buyers can have confidence in the transparent underlying data.

Ava Labs: That’s very exciting. Congrats again on your Subnet launch!

Siddhartha: Thank you!

Ava Labs: Looking ahead, where do you think Intain and structured finance markets will be in the future?

Siddhartha: By the end of 2024, doing deals on blockchains like Avalanche will be mainstream. Even for the bigger deals, these digital markets will no longer be a niche. Our goal is that, with the help of Avalanche, Intain will become the default platform.

To learn even more about this pioneering project, register to attend Intain and Ava Labs’ joint webinar on Tuesday, March 14 at 11 a.m. EST.

Request an IntainMARKETS demo. Contact the Intain team.

This post is based on materials provided by Intain. For more information, visit Intain’s website. Also, please read this important notice.

About Intain

Intain is building blockchain-enabled digital platforms for transparency and efficiency in capital market transactions, with initial focus on structured finance. Founded by financial services business and technology veterans, Intain understands the impact — benefits and risk — of technology in financial services. Intain is committed to diversity in fintech and more than 50% of its employees are women. For more information visit www.intainft.com

About Avalanche

Avalanche is a smart contracts platform built to scale infinitely and finalize transactions in under a second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable businesses to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for both Web3 devs and businesses.

Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Forum | Telegram | Facebook | LinkedIn | Reddit | YouTube

SHARE //
NEXT UP//
Community

Between the Sessions: What to Do and See at Avalanche Summit LATAM

Institutions

Colombian Neobank Littio Leverages OpenTrade to Offer Interest-Bearing USD Accounts to Local Customers via Avalanche Network

Gaming

3thix and Avalanche Unite to Democratize Web3 Gaming Economy For Advertisers and Improve Experience For Consumers

Platform

Retro9000, a $40M Grant Program, Rewards Developers Building Avalanche L1s

Platform

Building on Avalanche9000

Institutions

Legendary Pressman Film Leverages Republic Investment Platform and Avalanche Network to Transform Independent Film Financing

Institutions

ParaFi Tokenizes Fund on Securitize Platform with Avalanche

Platform

GoGoPool: Driving Security, Community, And Liquidity On Avalanche

Developers

The Avalanche Foundation Announces the infraBUIDL() Program

Art & Culture

Tixbase Enters Exclusive Partnership with PASSO to Revolutionize Ticketing with Avalanche Blockchain Technology

Institutions

Franklin Templeton Launches Tokenized Money Market Fund BENJI on the Avalanche Network

Art & Culture

TYB and Shopify Bring Web3 Loyalty Platform to Major Consumer Brands, Powered by Avalanche

DEFI

Agora Launches Its Digital Dollar on the Avalanche Blockchain Network With Initial Cohort of Partners

Institutions

Tokenization 101: Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Developers

Codebase Incubator Opens Season 2 Applications In Search Of The Next Generation Of Web3 Founders Building On Avalanche

Enterprise

California DMV Makes History, Digitizes 42 Million Car Titles on Avalanche Blockchain

Community

Avalanche Foundation: The Community Airdrop

Community

The Avalanche Ambassador DAO Launches Snowfort, the AVAX Community Bounty Platform

Avalanche Watch: May 2024

Developers

AVAX Startup House Hosts Codebase Demo Day at Consensus

Gaming

Konami Digital Entertainment Co., Ltd. Unveils Groundbreaking NFT Solution "Resella" in Collaboration with Ava Labs

Gaming

OtherWorld’s New Digital Collectibles Platform ‘Solo Leveling: Unlimited’ Launches on Avalanche, Bringing the Mega-Hit IP On-Chain

Enterprise

Builder Spotlight: The Lemonade Foundation and Insuring Smallholder Farmers with Avalanche

Institutions

Institutional Products, Pilots Signal Growing Interest in Tokenization

Institutions

Tokenization 101: Institutions Leverage Avalanche to Test Merits of On-Chain Finance

Platform

Icebreaker Program: Phase One Update

Gaming

LiveDuel Brings Web3 Sports Betting to Avalanche

Gaming

Elixir Games Announces Acquisition of RoboKiden and Strategic Partnership with Ava Labs

Art & Culture

Artist Spotlight: Ed Balloon Blending Web2 and Web3 at Avalanche Park

Gaming

Gamestarter introduces ‘GameChain’ powered by Avalanche

Institutions

Wine Capital Fund Leverages Oasis Pro and Avalanche to Make Fine Wine an Investable Asset Class

Community

Introducing Core’s Airdrop Tool: A Free Way to Distribute Tokens and Reward Your Community on Avalanche

Art & Culture

Salvor Secures Avalanche Rush with a $1M Incentive Grant to Build Out Avalanche’s Prime NFT Lending Platform

Gaming

Avalanche & Funtico: Revolutionizing Gaming on the Blockchain

Avalanche Watch: April 2024

DEFI

The Avalanche Foundation Announces Memecoin Rush

Institutions

Homium Issues First Home Equity Loans on Avalanche

Enterprise

Feature.io Uses Avalanche-Powered API to Bring Web3 to Any Streaming Platform or Media File

Enterprise

stc Bahrain and Avalanche forge partnership to drive Web3 progress in the Middle East

Enterprise

Avalanche x Seedhe Maut: Revolutionizing the Fan Engagement Economy with Metasky

Enterprise

Really Launches Avalanche Subnet to Expand Reach of On-Chain Movies

Developers

Frosty: Bringing Strong Liveness Guarantees to the Snow Family of Consensus Protocols

Platform

BitNote Launches Encrypted Notes on Avalanche

Platform

Avalanche Integrates with Stripe for Crypto Onramping

Avalanche Watch: March 2024

Platform

The Avalanche Foundation Unveils the Icebreaker Program

Community

The Avalanche Foundation Launches Ambassador DAO to Usher in the Next Wave of Users

The Avalanche Foundation Announces a New Board

Community

The Avalanche Foundation Discloses Community Coin Holdings

Platform

Avalanche Foundation Launches Community Grants Program with Gitcoin

Institutions

Clearpool Expands to Avalanche with Exclusive Launch of Credit Vaults

Enterprise

Coachella to Gamify the Festival Experience and Distribute New Rewards Using Avalanche

Developers

Startup Incubator Codebase Names First Cohort

Institutions

Diamond Standard Leverages Oasis Pro and Avalanche to Make Diamonds an Investable Asset Class

Institutions

Tokenization 101: The Tokenized Collateral Ecosystem

Enterprise

Avalanche Powers Web3-Enabled Voucher Program on Alipay+ D-store

Institutions

Avalanche and Chainlink Leveraged in Tokenized Asset Settlement Project

Developers

The Graph Expands Data Tools for Avalanche Developers

Community

Avalanche Foundation: Eligibility Criteria Framework for Community Coins

Platform

Avalanche Watch: February 2024

Art & Culture

Best Dish Ever Launches NFTs on Avalanche, Pioneering the Future of Culinary Exploration

Gaming

Legendary MMORPG MapleStory Comes to Avalanche

Platform

Teleporter Makes Avalanche a Fully Interoperable L0 Network

Enterprise

Loyalty+ to Receive Multiverse Incentives to Spur AI-Enhanced Loyalty Programs

DEFI

SteakHut V2 Introduces New Liquidity Features on Avalanche

Enterprise

Avalanche to Power SI Tickets’ NFT Platform, Box Office

Art & Culture

Looty and Inspect Launch Loyalty Platform with Loot Crate Rewards, Boosting Avalanche NFT Season

Platform

Durango: Avalanche Warp Messaging Comes to the EVM

Community

Avalanche DeFi Saga with Rep3

Institutions

Citi Tests Benefits of Private Markets Tokenization With Avalanche Evergreen Subnet ‘Spruce’

Enterprise

Avalanche Named Exclusive Sponsor of Collider on the Lot Startup Accelerator

Platform

Cortina: X-Chain Linearization

Avalanche Watch: January 2024

Gaming

Owned Blends SocialFi and Gaming on Avalanche with Battle Tech

Enterprise

The Empire State Building Launches NFT Loyalty Program on Avalanche Using Uptop

Institutions

Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized Finance Market

Institutions

How Avalanche Uses Account Abstraction to Improve the Web3 Experience for Institutions

Enterprise

Edgevana to Provide Infrastructure to Avalanche Network, Expanding Validator Decentralization

Institutions

South Korean Digital Asset Custodian BDACS to Support Avalanche

DEFI

Struct Finance Joins Avalanche Rush with an Incentive Program of up to $1M

DEFI

Fonbnk Builds Avalanche On-Ramp for Cross-Border Payments in Emerging Markets

Platform

Avalanche Wallet Phase-Out Guide

Platform

Avalanche Watch: December Edition

Institutions

What is Asset Tokenization: Why & Why Now?

DEFI

Sub-Saharan Africa: A Land Of DeFi Opportunity

Art & Culture

NFT-TiX Migrates to Avalanche and Announces Global Festival Partnerships

Enterprise

AR Platform Really to Upgrade Entertainment Using Avalanche

Gaming

Tiltyard Gives Web3 Games Tournaments and Fantasy Sports Features

DEFI

Hubble Exchange Launches Order Book DEX Built on a Custom Avalanche Subnet

Platform

Avalanche Watch: November Edition

Developers

NodeKit Raises a $1.2M Pre-Seed Round to Build a Shared Sequencer L1 with HyperSDK

Gaming

Mirai Labs Blends SocialFi and Web3 Gaming, Migrates to an Avalanche Subnet

Institutions

Republic Selects Avalanche for its Profit-Sharing Note, Gains Vista Support

Platform

Avalanche Watch: October Edition

Institutions

Avalanche Supports Citi FX Solution Under Project Guardian

Institutions

Onyx by J.P. Morgan Leverages Avalanche To Explore a New Paradigm for Portfolio Management

Platform

Avalanche Foundation Mission Statement and Reminder About System Unlocks

Developers

Web2 and Web3 Leaders Launch Codebase by Avalanche, an Accelerator Supporting Early-Stage Avalanche Projects

DEFI

Avalanche Expands Forex Market in Africa With Canza Finance’s Baki Launch

Platform

Avalanche Powers Metaverse Experience at Hong Kong FinTech Week