Built for onchain allocators
AI-native asset management infrastructure for the onchain economy
O2O Capital is the infrastructure layer connecting onchain native capital to real world, non-crypto correlated private credit yields delivered through regulated, DeFi composable vaults.
- NAV-priced vault tokens
- Regulated vaults
- Every depositor KYC'd
01 How It Works
Onchain capital in. Offchain yield out.
O2O stands for onchain to offchain (on-chain to off-chain): onchain capital to offchain yield. O2O Capital Partners' asset class, curated and personalized vaults will work like a fund, a fund of funds and a separately managed account. Each regulated vault will be built to hold short-duration niche private credit such as trade receivables, royalties and aircraft leases. An independent administrator will price vault tokens at NAV, and every depositor will be KYC'd before depositing.
A vault token is a fund interest whose yield comes from real economy cash flows.
Institutional sourcing
Private credit originators originate, underwrite and service loans. The vaults will purchase and hold the exposure, paying them in US dollars.
Data transparency
An independent administrator will strike NAV, with daily accrual published onchain. Attestations are designed to prove concentration limits without exposing positions.
Liquidity
Redemption terms match the liquidity of each vault’s assets. Asset class and curated vault tokens are built DeFi-composable, usable as collateral.
Built on institutional rails.
ERC-7540 & ERC-7575
Vault standards accepting multiple stablecoins and enabling redemptions that follow real settlement cycles.
Compliance gate
Each wallet must clear KYC/AML and be whitelisted before it deposits. Vault terms, eligibility and NAV will be machine-readable behind the same gate.
Fiat & stablecoins
USDT, USDC, USDG and other stablecoins vetted for reserves and regulation will convert to dollars through a qualified custodian.
AI underwriting
The investment committee approves every mandate and limit. Our underwriting engine will train on every loan held and draft monitoring memos.
How capital moves.
Deposit, deploy, return, operate: follow a dollar through a vault. Tap a stage for each step.
- Deposit: Whitelisted wallets will deposit stablecoins and receive vault tokens, priced at NAV and controlled by the depositor.
- Deploy: Via the on/off-ramp, a vault is built to buy trade receivables, royalties, aircraft leases and other niche private credit from private credit originators who keep an interest.
- Return & attest: Repayments will flow back and accrue to NAV. An oracle will carry NAV and attestations onchain, and vault tokens will redeem at NAV.
- Operate: Inside a vault, one AI stack is built to run credit, data and pricing, and controls, within limits O2O sets.
- CREDIT
- Asset due diligence
- Credit memo drafting
- Covenant monitoring
- Monitoring memos
- Daily rebalancing
- Performance review
- DATA & PRICING
- Daily NAV accrual
- Pricing engine
- Transaction simulation
- Internal database
- Indexing service
- Vault data maintenance
- CONTROLS
- Risk monitoring
- AML & compliance
- Onchain monitoring
- Wallet & keys
- Roles & permissions
- System monitoring
02 In 90 Seconds
The strategy, explained.
03 Team
Founders.

Stephen McConville
Co-Founder
- Previously within Partners Group’s Structuring, Private Wealth Distribution and Fund Finance divisions
- Head of Fund Operations at 2Xideas
- Head of Product Structuring and early employee at Hedgehog Invest, a blockchain-based private markets platform; 10+ years in private markets and tech
- Attorney admitted in New York State

Peter Gaffney
Co-Founder
- Previously Head of Research at Security Token Advisors
- Advised 40+ clients, including a $550B asset manager, on tokenization and RWA strategies
- Built the research desk for Security Token Market (acquired by RedStone)
- Author of Blockchain Explained

Drew Orsinger
Co-Founder
- Prior Chief Security Officer of SpaceX, CME Group, and Honeywell
- Founder and CEO of Tractiv, an immutable data tracking software company
- CEO of a LATAM nearshoring company focused on AI development
- Ex-military and government cybersecurity
Research
Latest research.
Clearstar cbAssets Vault Brief: The $34 Million Vault Behind Coinbase's Solana Loans
Published Updated 19 min read
Real-World Asset Vaults Begin their Institutional Track Record
Published Updated 35 min read
Steakhouse USDG Vault Brief: The Vault Behind Robinhood's Earn Tab
Published Updated 31 min read