O2O Capital Partners FAQ

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. The vaults will be open only to eligible non-U.S. institutional investors.

O2O stands for onchain to offchain (on-chain to off-chain): onchain capital to offchain yield. In O2O Capital Partners' name, it describes the route capital will take: stablecoins held onchain will go into a vault, and the vault will place them in short-duration private credit offchain, such as trade receivables, royalties and aircraft leases. The name has no link to online-to-offline (O2O) commerce.

O2O Capital Partners was founded by Stephen McConville, Peter Gaffney and Drew Orsinger. McConville previously worked in Partners Group's Structuring, Private Wealth Distribution and Fund Finance divisions and is an attorney admitted in New York State. Gaffney was Head of Research at Security Token Advisors and is the author of Blockchain Explained. Orsinger was Chief Security Officer of SpaceX, CME Group and Honeywell, and founded Tractiv.

O2O Research is the research desk of O2O Capital Partners. It publishes the O2O Vault Brief every two weeks, a close read of one onchain vault and what pays its yield, and longer reports on onchain vaults, stablecoin treasury yield and niche private credit. Each post names its author and sources and gives its Published, Updated and Data-as-of dates. Its methodology page explains how it sources, dates and corrects figures.

No. As of 15 October 2026, O2O Capital Partners is pre-launch: no vault or vault token is live. It publishes research through O2O Research and is building its first vaults for eligible non-U.S. institutional investors, who can request an introduction through the contact form.

O2O Capital vaults are regulated vaults that will operate through vehicles domiciled in Cayman, Delaware and Luxembourg. An independent administrator will price vault tokens at NAV, and NAV and attestations will be published onchain. Every depositor will clear KYC/AML checks and be whitelisted before depositing.

O2O Capital Partners is the asset manager. Its vaults will operate through vehicles domiciled in Cayman, Delaware and Luxembourg, which are separate from the company. Investing in a vault and investing in O2O Capital Partners are separate, and this site offers securities of neither.

O2O Capital Partners' credit work will run on one AI stack. Its underwriting engine will train on every loan held and draft monitoring memos, and its investment committee approves every mandate and limit.

Use the contact form on o2ocapital.com, or the firm's X account @O2Ocapital and LinkedIn company page. O2O Capital Partners will never ask you to send stablecoins or other funds through social media or direct messages, and no O2O vault or vault token is live. Treat any such request as fraud and report it through the contact form.

O2O Capital vaults will be open only to eligible non-U.S. institutional investors, under definitive offering documents and applicable securities law exemptions. They will not be available to U.S. persons. Every investor wallet must clear KYC/AML checks and be whitelisted before it can deposit or hold vault tokens.

No. O2O Capital vaults will not be available to U.S. persons. They will be offered only to eligible non-U.S. institutional investors, under definitive offering documents and applicable securities law exemptions, and nothing on o2ocapital.com is an offer to sell, or a solicitation of an offer to buy, any security.

O2O Capital vaults will invest in short-duration niche private credit, such as trade receivables, royalties and aircraft leases, originated, underwritten and serviced by private credit lenders. Private credit carries risk, including possible loss of principal. The vaults will be open only to eligible non-U.S. institutional investors.

O2O Capital vault tokens will be priced at net asset value (NAV). An independent administrator will strike NAV, and an oracle will publish NAV and attestations onchain. The attestations are designed to prove concentration limits without exposing individual positions. Deposits and redemptions will settle at NAV.

O2O Capital vaults are designed to accept USDT, USDC, USDG and other stablecoins vetted for reserves and regulation. Deposited stablecoins will convert to US dollars through a qualified custodian before a vault buys credit assets, and repayments will flow back to the vault as NAV accrual.

O2O Capital vaults are built on the ERC-7540 and ERC-7575 vault standards. ERC-7540 supports asynchronous deposits and redemptions, so a redemption request can settle on the payment cycle of the underlying loans. Redemption terms will match the liquidity of each vault's assets, and every depositor will clear KYC/AML checks and be whitelisted first.

They are O2O Capital Partners' three planned vault lines, which will work like a fund, a fund of funds and a separately managed account. Asset class vaults will hold a single exposure, curated vaults will blend exposures to an objective, and personalized vaults will be built to one allocator's mandate. Each will be a regulated vault operating through vehicles domiciled in Cayman, Delaware and Luxembourg.

Asset class and curated vault tokens are built to be DeFi-composable, so eligible holders will be able to use them in other protocols, for example as collateral. Every wallet that holds a vault token must first clear KYC/AML checks and be whitelisted.

An O2O Capital vault will carry private credit risk, including possible loss of principal: borrowers can pay late or default. Short-duration assets can still be less liquid than the vault token, so redemptions can follow the loans' payment cycles. Vaults also carry smart contract, oracle and stablecoin risks. The offering documents will set out the full risk factors.

Use the contact form on o2ocapital.com and choose Allocator. O2O Capital Partners is built for DAO treasuries, vault curators, Earn teams at neobanks and fintechs, digital asset treasuries and stablecoin issuers, and the vaults will be open only to eligible non-U.S. institutional investors. Nothing on this site is an offer to sell, or a solicitation of an offer to buy, any security.

O2O Capital Partners is building origination relationships with private credit lenders, who will originate, underwrite and service the loans the vaults buy. For an originator, the vaults will be a route to onchain allocators: institutions that hold stablecoins and want yield that does not move with crypto prices. The vaults will buy short-duration private credit such as trade receivables, royalties and aircraft leases.

O2O Capital vaults will buy short-duration niche private credit from private credit originators, such as trade receivables, royalties and aircraft leases. The investment committee approves every mandate and limit, and the underwriting engine will draft monitoring memos on every loan held.

O2O Capital Partners is building origination relationships with private credit lenders. It names no originator, lender or other partner on this site until a relationship is announced.

Use the contact form on o2ocapital.com and choose Originator or Lender. O2O Capital Partners is building origination relationships with private credit lenders that originate short-duration private credit, such as trade receivables, royalties and aircraft leases.