Before USC. Before PenguinBase. Creditcoin was recording real micro-loans for real people in emerging markets. The infrastructure you're building on today has been running in production since 2017.
Credal is Gluwa's on-chain credit API, built on the Creditcoin network. It lets fintech lenders, financial institutions, and developers record, verify, and query loan transactions on-chain, creating immutable, portable credit profiles for borrowers who have historically been excluded from the global financial system.
Think of it as the infrastructure layer for credit markets. Credal handles node management, provides load-balanced RPC access, and delivers standardised loan recording, querying, and analytics tooling, so lenders integrate quickly without running custom infrastructure.
The result: a public, tamper-proof ledger of credit history that follows users across borders, outlasts any single lender, and provides verifiable financial identity that unlocks access to global capital markets.
Building Credit Identity for Web 3.0, explore the full Credal product
Loan transactions recorded on-chain are immutable and consensus-verified, no single party can alter or falsify the credit record.
Credit history belongs to the borrower's wallet, not the lender's database. Profiles travel across borders and platforms.
Loan transactions matched and recorded across Ethereum, Bitcoin, and EVM chains, unified credit history regardless of source chain.
Fintech lenders integrate via Credal's API without managing nodes, standardised loan commands, analytics tooling, and RPC access out of the box.
Creditcoin didn't launch with a whitepaper promise of future utility. Here's what the network has actually done since 2017.
Tae Oh founds Gluwa with the mission of building borderless financial infrastructure for emerging markets. The team sets out to build the first public ledger for credit, recognizing that billions of people were locked out of global capital due to lack of verifiable credit history.
// Origin storyThe Creditcoin mainnet goes live as the world's first purpose-built blockchain for recording credit transactions. Mission: create a borderless, immutable ledger of credit history for the billions of people underserved by traditional financial systems.
// Mainnet liveAella, a leading Nigerian fintech lender, becomes the first institutional user of Creditcoin, integrating via the Credal API. Within weeks of going live, Aella records 28,000+ loans worth over $1.8M on-chain. The network proves it can operate at institutional scale in production.
// $1.8M in loans, week oneGluwa (Creditcoin's technology provider) signs a Memorandum of Understanding with the Central Bank of Nigeria to become an official Partner Agent for Nigeria's CBDC, the eNaira. Gluwa integrates Credal technology to build credit reputations for eNaira users, improving loan origination, tracking, settlement, and credit scoring for fintech lenders in Nigeria.
// Gluwa partnered with the CBN via Credal technology, not Creditcoin Foundation directly
// CBN MoU signedAella crosses $100 million in total on-chain loans recorded via Creditcoin. The network has now processed 5M+ individual loan transactions for 337,000+ users, making it the most battle-tested on-chain credit infrastructure in the world.
// $100M milestoneUSC extends Creditcoin's proven infrastructure to general-purpose cross-chain dApp development. The same network that has handled millions of real financial transactions is now open to any developer building cross-chain applications.
// USC mainnet liveIn March 2024, Gluwa signed an MoU with the Central Bank of Nigeria to become an official Partner Agent for the eNaira, Nigeria's central bank digital currency. The core objective: harness Credal's on-chain credit infrastructure to drive financial inclusion at scale through a sovereign CBDC.
For the millions of Nigerians who use eNaira, this means building a verifiable credit profile as they transact, without needing a bank account or a financial history in the traditional sense.
Enabling fintech lenders to expedite loan origination by facilitating direct eNaira transfers, increasing the speed and efficiency of credit disbursement.
Establishing eNaira as the definitive record for all loan transactions by fintech partners, ensuring accuracy and transparency in credit scoring.
Implementing asymmetric encryption with private/public keys, giving users secure, private, regulatory-compliant access to financial services.
Users who transact with eNaira accumulate on-chain credit history, enabling future access to financial services without ever requiring a traditional bank account.
The Creditcoin network's heritage in on-chain credit isn't just history, it's a signal about what you're building on.
5M+ real financial transactions processed. Not a testnet. Not a demo. Real loans, real users, real money, running through Creditcoin's infrastructure for nearly a decade. When you build on this chain, you're building on something that's already proven it can handle production load at institutional scale.
The hardest thing to prove about a new blockchain is that it can power a real-world use case. Creditcoin has already powered one of the most complex real-world use cases in Web3, cross-border micro-lending across emerging markets, verified on-chain, at scale, for years.
The same credit infrastructure that's powered 5M+ loans is available to developers building on Creditcoin EVM. If your dApp touches lending, credit scoring, or financial identity, Creditcoin has the rails already built.
The on-chain credit work isn't finished. Two new products are bringing Creditcoin's credit infrastructure into the EVM era and beyond.
The micro-loan credit recording that made Creditcoin famous is coming to the EVM layer. Developers building lending or financial inclusion dApps will be able to record and verify loan transactions natively on Creditcoin EVM, combining battle-tested credit infrastructure with the composability of a full EVM environment.
A planned credit product for SpaceRouter node operators, giving users access to a credit line of $SPACE tokens so they can begin staking and earning yield without putting up capital upfront. On-chain credit enabling DePIN participation for users who want exposure but don't have tokens to stake yet.
Credal is Gluwa's full on-chain credit product, APIs, developer tools, and complete infrastructure for building credit-aware applications on Creditcoin. If you're building in lending, credit scoring, or financial inclusion, Credal is your starting point.
The infrastructure that's powered millions of real loans is now open to developers building cross-chain applications. Start with USC, get funded via CEIP, and launch into the ecosystem.