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9Squid is a securitization and tokenization platform that connects loan originators (credit unions, community banks, origination platforms) with institutional investors through a compliant, integrated workflow. It handles the full deal lifecycle — from loan tape intake and structuring through primary syndication, closing, ongoing servicing, and optional secondary liquidity.

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The 9Squid Lifecycle

Every securitization deal on 9Squid moves through seven phases:

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User Roles

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Originators

Credit unions, community banks, and origination platforms that list loan pools for syndication, warehouse financing, or term ABS execution. Originators define eligibility rules, pool construction, pricing, and disclosure. Admin users can: invite teammates, approve deals, link bank accounts, access all documents. Member users can: view deals, prepare materials, draft offers — but cannot execute or approve without Admin authorization.

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Investors

Asset managers, insurance companies, corporate credit unions, banks, family offices, and other accredited or qualified entities. Each deal defines its own investor eligibility (e.g. QIB-only, US-only). Smart contracts enforce eligibility at the token level.

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Service Providers

Trustees, master servicers, clearing firms, transfer agents, and legal counsel. Connected to specific deals with read/write access limited to their appointed deals. Action-based permissions (e.g. a servicer can post a remittance report but cannot modify deal terms).

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9Squid Administrators

9Squid team members who review deal listings, manage partner onboarding, and oversee compliance controls. 9Squid does not act as investment adviser, broker-dealer, or trustee.

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Infrastructure Partners

9Squid is a technology platform — not a trust company, bank, or servicer. It integrates with institutional-grade service providers for regulated functions:

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Ledger and Tokenization

9Squid uses a hybrid architecture:
  • Deals live on a permissioned ledger controlled by 9Squid and its regulated partners, giving full control, audit trails, and regulatory posture.
  • For deals requiring public-chain settlement rails, 9Squid offers a selective bridge to the XRP Ledger (XRPL) for on/off-ramps and peer-to-peer transfers.
  • All public-chain activity remains subject to the deal’s compliance and transfer rules.
Each tranche token is governed by a smart contract that enforces:
  • Transfer restrictions (144A / Reg D 506(c) / Reg S / intra-CU network)
  • Investor eligibility rules (checked via the Compliance Registry)
  • Distribution logic (waterfall calculations, payout sequencing)

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Smart Contracts

All contracts are deployed on the permissioned ledger and follow the UUPS (Universal Upgradeable Proxy Standard) for upgradeability without redeploying proxy contracts. All contracts are controlled by a central Access Manager. All contracts are reviewed by leading smart contract auditors before production deployment.

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Loan Servicing Integrations

9Squid integrates directly with major credit union servicing platforms:
  • Symitar (Episys)
  • Corelation (KeyStone)
  • Fiserv (DNA, Portico, XP2)
  • Jack Henry (CruiseNet)
  • FIS
  • Standard loan tape formats via SFTP (with field-level validation and auto-mapping)
Typical monthly data flow:

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Key Contacts