SemiLiquid

SemiLiquid is a custody-native credit infrastructure provider that enables institutions to activate credit on tokenized collateral without assets ever leaving custody. The platform launched its Programmable Credit Protocol at Abu Dhabi Finance Week 2025, which handles collateral locking, automated margin calls, and liquidation triggers while maintaining compliance standards throughout the credit lifecycle. Built on Oasis's confidential compute stack, SemiLiquid uses Liquefaction—a primitive developed by Cornell Tech researchers—to manage trade execution, policy enforcement, and breach monitoring without exposing sensitive financial data. The protocol enables bilateral lending that merges traditional finance trust with programmable market efficiency.