Introduction
A Brief Overview of Zivoe
What is Zivoe?
Zivoe is a Real-World Asset (RWA) protocol that provides the infrastructure and ecosystem to fund consumer credit originators and tokenize existing consumer loan portfolios. Through a vault offering aggregated exposure to yield-bearing consumer credit assets within the protocol, Zivoe enables anyone who qualifies to access yield generated from the repayment of these consumer loans.
The protocol is currently focused on the U.S. unsecured consumer lending market. Capital may be deployed in one of two ways:
Funding new consumer notes originated by our lending partner
Acquiring existing portfolios of yield-bearing consumer loans
In both cases, the loans are pooled into Special Purpose Vehicles (SPVs), and Zivoe maintains contractual rights to the cash flows. This pooled structure provides diversified exposure across hundreds or thousands of borrowers, which helps mitigate risk and creates a more predictable portfolio performance profile.
The nonprime segment of the consumer credit market is often overlooked by traditional financial institutions, even though it has demonstrated strong risk-adjusted returns during periods of macroeconomic stress. For more information on the historical performance of this asset class, view our Fund Overview page.
Over time, Zivoe expects to diversify its credit exposure while maintaining a focus on consumer credit. This may include expansion into additional geographies beyond the United States.
Zivoe is operated by a team with a proven track record of growing and managing profitable consumer credit portfolios with steady loss rates. Team members have held leadership roles at JPMorgan Chase, Citi, Wells Fargo, Experian, Elevate Credit, CURO Holdings, and more. The team is responsible for evaluating originators, analyzing portfolio opportunities, and determining how capital is allocated. Meet the team here.
Transition Period Notice
Zivoe is currently undergoing a transition from its legacy two-tranche system (Senior and Junior Tranches) to a unified ERC-4626 vault structure powered by zVLT.
While zVLT is expected to launch in May 2025, the protocol's existing tranches remain available for deposit through the Zivoe dApp. Users may still participate in the Senior Tranche, which provides fixed-yield exposure to the current portfolio of consumer credit assets.
Full migration to the new system will take place over the coming months, and all documentation will be updated accordingly.
Navigating These Docs
User Documentation - Learn the basics about Zivoe, how it works, and ways you can participate in the protocol. You're in this section now!
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