01
Structure the contract
Parties agree on a tranche schedule up front: what fraction of contract value is released, on what condition, and which party or authority is entitled to attest that the condition has been satisfied.
Conditional settlement infrastructure
Release payment when the evidence arrives, not when someone remembers to approve it.
TradeWave Bond is a software model for structuring commercial contracts into milestone tranches, releasing funds only when agreed documentary evidence has been submitted and cryptographically attested by designated authorities.
Architecture preview. TradeWave is designed purely as an orchestration layer to integrate with licensed financial institutions. Review our status and technical roadmap.
The problem
Cross-border trade payment fails in the gap between performance and trust
A buyer will not pay before shipment. A supplier will not ship before payment. The instruments that bridge that gap — letters of credit, escrow agents, performance bonds — work, but they are slow, manually reviewed, and priced for large counterparties. Mid-market trade is left choosing between prepayment risk and non-payment risk.
02
Collect attestations
Inspectors, carriers, customs brokers, and consignees submit signed documentary evidence against a specific milestone. The system logs who attested, to what, and when.
03
Instruct settlement
When milestone conditions are satisfied and no counterparty has raised a hold, the system emits a standardized settlement instruction to a licensed depository partner.
Interactive model
Walk a contract through the state machine
This is a working model of the release logic running entirely in your browser. It uses fictional figures for an illustrative shipment so you can evaluate state transitions. It is not connected to a live banking rail.
Contract value
$500,000.00
Still conditional
$500,000.00
Released
$0.00
Current milestone
1 of 3
-
Tranche 01
30% on loading
Clean bill of lading issued and marine inspection report filed at port of departure.
Attesting party: appointed surveyor
$150,000.00
Awaiting evidence -
Tranche 02
40% on clearance
Import entry accepted and goods released by the destination customs authority.
Attesting party: customs broker of record
$200,000.00
Not yet open -
Tranche 03
30% on receipt
Consignee confirms delivery at destination warehouse without recorded exception.
Attesting party: named consignee
$150,000.00
Not yet open
Client-side only
Event log
00:00:01
Contract TWB-2026-084 structured into 3 tranches (500,000.00 USD).
00:00:02
Milestone 1 open. Awaiting attestation from appointed surveyor.
Design principles
Architectural foundations
We do not hold the money
Holding client funds requires regulated deposit-taking permissions. Funds remain with a licensed partner institution; this software only generates cryptographic settlement instructions that the institution evaluates and executes.
We do not judge performance
The system does not inspect physical goods. It records whether a nominated party attested to an agreed condition. Substantive contract disputes belong to designated legal mechanisms, not automated logic.
We do not assume evidence is true
A verified signature proves authorship and integrity of the document, not physical reality. The design treats attestation as an accountability trail rather than an absolute ground truth — this limitation is discussed in detail.
Transparent engineering
We do not announce commercial readiness prematurely. Our status page provides an accurate, real-time inventory of completed design milestones, ongoing research, and open development requirements.