What happens next?

Once you’ve completed the Springpad application, there’s a relatively quick process from selection through funding:

Selection/Notification:

Companies registered for Springpad are selected by Defactor for the showcase based feasibility for the pilot project. If selected for the showcase, they will be notified within X days.

Funding:

RWAOs submit assets for funding to available pools with Defactor determining your optimum pool. Investors then pledge their crypto in the form of approved stablecoins, which are converted into fiat and paid to RWAOs.

Showcase:

Validated RWAOs take part in an investor showcase where they will explain their business, their team, their funding requirements and how that funding will be used.

Repayment:

The RWAO deposits fiat into a bank account, which is converted to stablecoin and then returned to investors.