The financing layer
for tokenized assets
We curate structured vaults on Rayls giving institutions simple access to yield from tokenized assets.
Our Partners
Agama captures yield from real-world assets and structures it for every investor.
Agama Vaults
Deposit into vaults built on the ERC-7540 async standard, designed for compliant access, structured settlement and real-world yield.
Risk Tranching
Choose your exposure. Junior tranches take first-loss for higher yield. Senior tranches offer protected capital with stable returns.
Capture Yield Across Chains
Agama’s primitives unlock diverse yield opportunities. Capture them through customizable strategies or tokenized yield, natively available cross‑chain.
How It Works
Put your assets to work and start earning real yield in just a few clicks, using Agama's fully automated product suite.
Choose your vault
Find the right risk profile. Senior tranches offer protected capital with stable returns, while junior tranches target higher yield.
Deposit
Deposit stablecoins into your chosen vault through a simple, compliant flow. Your position is created instantly and ready to go.
Earn yield
Sit back and let Agama handle the rest. Vaults manage execution, yield accrues daily and you can track your position in real time.
Choose your vault
Find the right risk profile. Senior tranches offer protected capital with stable returns, while junior tranches target higher yield.
Tokenized Assets Built for Scale
Programmable credit infrastructure with ERC-7540 compliance, multi-tranche risk profiles and on-chain NAV pricing.
agaNMF
Invoice Vault
AgamaUSDTFixed rateTokenized energy invoices from regulated Brazilian distributors, purchased at discount and accruing linearly to face value.
TVL
N/A
Net APY
15%
Redemptions
30-90d
Trusted by leading institutions
“Liquidity across chains used to stop at Bitcoin. With Hemi, BTC is now a fully programmable, routable asset — and that's massive for the omnichain future.”
“Liquidity across chains used to stop at Bitcoin. With Hemi, BTC is now a fully programmable, routable asset — and that's massive for the omnichain future.”
“Liquidity across chains used to stop at Bitcoin. With Hemi, BTC is now a fully programmable, routable asset — and that's massive for the omnichain future.”
“Liquidity across chains used to stop at Bitcoin. With Hemi, BTC is now a fully programmable, routable asset — and that's massive for the omnichain future.”
“Liquidity across chains used to stop at Bitcoin. With Hemi, BTC is now a fully programmable, routable asset — and that's massive for the omnichain future.”
Frequently asked questions
Everything you need to know about Agama and how it works.
Agama vaults generate yield from trade finance receivables purchased at a discount. For example, an invoice with a $100,000 face value is bought at $97,000, and the vault captures the spread as it matures. Returns are driven by real-world commerce, not token emissions or incentives.
Agama curates structured vaults built on the ERC-7540 async standard via Lagoon. Investors deposit stablecoins, the vault deploys capital into tokenized real-world assets, and NAV accrues linearly as underlying invoices mature. A ZK-verified oracle updates pricing daily without exposing private asset data.
ERC-7540 is an async vault standard designed for real-world assets. Unlike ERC-4626, it uses a request-then-claim pattern: investors submit a deposit request, the vault processes it at the next NAV cycle, and shares are claimed once settlement is complete. This accommodates assets with 30-90 day maturities where synchronous pricing is not possible.
Agama vaults support multiple risk tranches. Senior tranches offer protected capital with stable returns, while junior tranches take first-loss exposure in exchange for higher yield. Tranche assignments are based on invoice duration and debtor quality, and verified on-chain through ZK proofs.
Agama deploys a gnark-based ZK oracle that reads encrypted invoice data via view keys, computes NAV and tranche breakdowns, and generates a cryptographic proof. The proof is verified on-chain — if the NAV is wrong, the proof is invalid and the smart contract rejects it. No invoice details or debtor names cross the bridge, only the verified result.
Agama vaults hold tokenized trade finance receivables from regulated institutions. The first vault, agaNMF, holds LNG energy invoices from Nimofast, tokenized on Rayls via Parfin, with debtors including major energy companies and regulated Brazilian distributors.
Agama charges a 10% performance fee on generated yield only — there are no deposit, withdrawal, or management fees. You only pay when you earn. Fee structures are transparently displayed before deposit.
Get in Touch
The infrastructure is ready.
Are you?
Whether you're launching a facility, allocating capital, or embedding yield infrastructure, we'll help you assess the right setup.