Qiro Q2 2026: From Underwriting to Infrastructure
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Strengthening underwriting infrastructure, expanding risk curation, and preparing the next generation of tokenized credit products.
Building the Infrastructure for Tokenized Private Credit Curation
Q2 2026 was a defining quarter for Qiro.
As tokenized private credit continues to emerge as one of the fastest-growing real-world asset categories, we focused on solving one of its biggest challenges: underwriting.
This quarter, we strengthened our underwriting infrastructure, published public credit research, sharpened our focus on short-term credit financing, and expanded our ecosystem of partners building the future of onchain credit.
Q2 Key Highlights
Built the core infrastructure powering underwriting, deal management, and capital deployment.
Completed security audits for our core infrastructure for capital management and curation.
Published public underwriting reports for New Silver Fund (InfiniFi) and mGLOBAL (Midas)
Continued progressing our strategic partnership with Huma Finance, announced in January, as we work toward enterprise-grade underwriting and risk monitoring for up to $250 million in private credit.
Surpassed $50M in private credit underwritten across 6 active underwriting partners, focusing on short-term private credit spanning alternative credit funds, trade receivables, microfinance and more.
Advanced discussions with leading onchain credit platforms around underwriting and credit curation, while representing Qiro at ETHCC and Consensus 2026.
Product & Infrastructure
Throughout Q2, we completed the core infrastructure that powers underwriting, deal management, and capital deployment.
Alongside product development, we completed independent security audits the contracts powering the core infrastructure, bringing us closer to public launch
Our goal remains simple: build the infrastructure layer that enables transparent underwriting and scalable credit operations for onchain private credit.
Working with Leading DeFi Protocols to bring Underwriting Into the Open
Q2 saw Qiro expand its underwriting and curation work across some of the leading teams building tokenized private credit.
To date, we’ve successfully underwritten over $50M in private credit opportunities with 6 active underwriting partners spanning alternative credit funds, trade receivables, microfinance, real estate-backed lending, and more.
Some of the projects we supported include:
Huma Finance: continued underwriting diverse private credit opportunities, including lender financing, trade receivables, and institutional credit funds
InfiniFi: published a comprehensive public underwriting report on the New Silver Fund, evaluating the underlying real estate bridge loan portfolio, fund structure, and key risk considerations.
mGLOBAL × Midas: published an institutional-grade underwriting report on mGLOBAL, a tokenized feeder into Fasanara’s Global Diversified Alternative Debt Fund (GDADF), demonstrating how transparent risk assessment can support institutional private credit onchain.
TradeFlow Capital Management: underwriting trade receivables financing opportunities.
Tala: underwriting micro-lending securitization opportunities.
Our public underwriting reports for New Silver Fund (InfiniFi) and mGLOBAL represent an important step toward making credit underwriting trustable.
Underwriting New Silver: Our Work with infiniFi
Qiro Finance 18 Jun Read full story
Inside mGLOBAL: Tokenized Exposure to Fasanara's GDADF
Qiro Finance 24 Jun Read full story
Doubling Down on Private Credit Curation
As our underwriting work expanded across multiple private credit opportunities, one theme became increasingly clear: protocols don’t just need access to credit opportunities - they need trusted risk curation.
Throughout Q2, we strengthened our focus on becoming the independent underwriting and curation layer for tokenized private credit. By combining institutional-grade due diligence with transparent risk assessments, we’re helping transform individual credit opportunities into curated, investable strategies that can be accessed onchain.
This direction has already led to collaborations with leading DeFi and RWA protocols, with several underwriting and curation partnerships progressing toward launch. At the same time, we’re preparing the first curated credit products built on this approach, bringing together rigorous underwriting, active risk monitoring, and transparent capital allocation into a single experience.
We believe risk curation will become a foundational layer for onchain private credit, and Qiro is building the infrastructure to power it.
Ecosystem & Industry
Q2 also saw us actively engaging with builders, allocators, and institutions across ETHCC and Consensus 2026.
We held conversations around:
Credit-backed lending protocols
Undercollateralized lending
Yield-bearing stablecoin/ Yieldcoins
Institutional private credit infrastructure
These discussions reinforced our conviction that independent underwriting and credit curation will become foundational infrastructure for the next generation of DeFi.
Looking Ahead
Q2 was about building the foundation.
In the coming months, we’ll prepare our underwriting infrastructure for public release, expand our underwriting and curation partnerships, and bring more real-world credit opportunities onchain through transparent, independent risk assessment.
Thank you to our partners, community, and supporters for being part of the journey.
Let’s build the future of credit, together.
Building in tokenized private credit?
If you’re a lending protocol, asset issuer or capital allocator looking for underwriting or risk curation, fill out the form here and we’ll get in touch.
Team Qiro 💜