up to 80% of people have never heard of a Letter of Credit. but it's how a lot of trade actually works a factory won't ship $500k of goods to a buyer it doesn't know, so the buyer's bank writes a letter: if they don't pay, we will that letter takes days, paperwork and a bank willing to vouch for you. @anvil_xyz is putting that promise onchain. > you lock up crypto you already hold as collateral > the supplier can see it's there, and see it can't be pulled. proof you can pay, checked in seconds with no bank in the middle > and you never had to sell the asset nasdaq research found roughly 25% of collateral today earns its owner nothing. it just sits there as a buffer @anvil_xyz's pitch is that your collateral can back a promise and still work for you they just shipped an sdk, a plug-in kit for businesses. it comes with a wallet, live pricing and letters of credit built in. no blockchain code needed, so a finance team can add it to the tools they already use enterprise adoption is already rolling @Bullish (NYSE-listed exchange) is adding it across operations. also @BitcoinCom, @FlexaHQ, BNPL apps are building on it too. @foundersfund led a $5M buy of Anvil's governance token, with @PanteraCapital and @Bullish coming in alongside next, they're showing it at @money2020 this month. watching closely as we are about to see centuries-old financial commitments quietly migrate onchain