The Bitcoin Credit Stack
all rates APR, act/365 · as of 2026-09-04
MarketsVenues Genesis Global Capital

Genesis Global Capital

cefi_genesis · cefi_desk · operated by Genesis Global Holdco, LLC · defunct
Price
administered
no market rows served for this venue
Quality
2 / 10 criteria
missing: Oracle dependency, Default & liquidation, Term structure +6
Composition
not served
this venue runs no contracts, so there is no market state to read

2 of 10 criteria researched. Unresearched criteria are shown as unknown with the reason — never guessed, and never omitted. What the eight criteria are →

Markets — as served, not a venue rate

One row per market, as the venue publishes them. These are market rates: combining them into a single venue rate is a weighting across this venue's markets, and choosing one here would be a methodology decision taken in a web page.

No BTC market rows are served for this venue. This venue runs no contracts, so there is no market state to read — the absence is a property of the venue class, not a gap.

Price

What does credit cost here, and how is the price formed?

Rate formationadministered
Term structureunknown (not researched yet)
Rate certaintyunknown (not researched yet)

Quality

What stands behind a position, and what can change under the reader?

Oracle dependencyunknown (not researched yet)
Default & liquidationunknown (not researched yet)
Custody & backingunknown (not researched yet)
Recourseunknown (not researched yet)
Track recordunknown (no first observation date recorded in the registry)

Composition

Who and what makes up this market?

Collateral acceptedunknown (not researched yet)
Book depth & concentrationunknown (the criteria spec defines this (Pillar III) but the attribute matrix has no column for it yet — a gap in this dataset, not in the venue)
Observability
price: partial⚠ NOT a posted card — Genesis lent bilaterally to institutions and never published a retail rate card, so rate_mechanism is administered and there is nothing for archived_card to recover. What exists is the voluntary quarterly reports (2018–2022), which carry aggregate originations and book figures rather than a quoted rate. NOT YET INGESTED.
quantity: partialVoluntary quarterly reports 2018–2022 — the deepest series of the era per RW10 step 3.2 — plus the bankruptcy docket as a terminal snapshot. NOT YET INGESTED.
composition: noneLoan-level composition unobtainable for a wound-up institutional desk (§8.1).

The generic axis set

Identical for every venue, identically computed. An axis that cannot be computed here renders its reason — never silently omitted, because an omitted axis says it was not considered.

Collateral lockednot available — this venue runs no contracts, so there is no market state to read
Debt outstandingnot available — this venue runs no contracts, so there is no market state to read
Utilisationnot available — this venue runs no contracts, so there is no market state to read
Venue-level borrow APRnot available — this venue runs no contracts, so there is no market state to read
Venue-level lend APRnot available — this venue runs no contracts, so there is no market state to read
Intermediation marginnot available — this venue runs no contracts, so there is no market state to read
Trailing realised average (7/30/90d)not available — no per-venue time series is held, so a trailing figure would be a single reading dressed as an average
Rate volatility (30/90d)not available — no per-venue time series is held, so a trailing figure would be a single reading dressed as an average
Spread to the pair aggregatenot available — this venue runs no contracts, so there is no market state to read
Spread to matched Treasuriesnot available — this venue runs no contracts, so there is no market state to read
Origination flownot available — needs loan-level history, which is held for Morpho Blue only
Repayment flownot available — needs loan-level history, which is held for Morpho Blue only
Aggregate and distributional LTVnot available — needs loan-level history, which is held for Morpho Blue only
Residence distributionnot available — needs loan-level history, which is held for Morpho Blue only
Liquidation incidencenot available — needs loan-level history, which is held for Morpho Blue only
Top-10 concentration sharenot available — needs loan-level history, which is held for Morpho Blue only

There is no score on this page and none will be added. The criteria are published and versioned before any venue is measured against them, and this venue's row is produced by the same pipeline as every other.

Access routes

Not yet surveyed. No one has looked for an MCP server for this venue. That is not the same as having looked and found none, and this row will not say the second while meaning the first. The listing criteria are published.

Ask your own question about this venue
read-only MCP · zero write tools · no account

How this venue compares depends on what you'd borrow, for how long, against what. That's a question for your AI, with this data behind it.

Orientation · Genesis Global CapitalHolder · Genesis Global CapitalTreasurer · Genesis Global CapitalAnalyst · Genesis Global CapitalRisk · Genesis Global Capital
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