# O2O Capital Partners FAQ Source: https://o2ocapital.com/faq Updated: 2026-10-23 For information only: nothing on this site is an offer to sell, or a solicitation of an offer to buy, any security. Open to eligible non-U.S. institutional investors only. As of 15 October 2026, O2O Capital Partners is pre-launch: no vault or vault token is live. Short answers about O2O Capital Partners, its planned regulated vaults, and how onchain allocators and private credit originators can work with it. This page describes a planned fund offering by O2O Capital Partners. It is open only to eligible non-U.S. institutional investors and is not available to U.S. persons. It is not an offer to sell, or a solicitation of an offer to buy, any security; any offer will be made only through the offering documents. ## About O2O Capital Partners ### [What is O2O Capital Partners?](https://o2ocapital.com/faq#what-is-o2o-capital-partners) 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. **Figure: What O2O Capital Partners does.** Onchain native capital flows into regulated, DeFi composable vaults, which deliver real world, non-crypto correlated private credit yield. Illustrative structure. Alt text: Three-node flow from onchain native capital through regulated, DeFi composable vaults to real world private credit yield, with a dashed line marking onchain to offchain. ### [What does O2O stand for?](https://o2ocapital.com/faq#what-does-o2o-stand-for) 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. **Figure: The route behind the name.** Stablecoins held onchain go into a vault, which places them in short-duration private credit offchain, such as trade receivables, royalties and aircraft leases. Alt text: Flow from stablecoins held onchain to a vault to short-duration private credit offchain, with a note that the name has no link to online-to-offline commerce. ### [Who founded O2O Capital Partners?](https://o2ocapital.com/faq#who-founded-o2o-capital-partners) 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. ### [What is O2O Research?](https://o2ocapital.com/faq#what-is-o2o-research) 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](https://o2ocapital.com/research/methodology) explains how it sources, dates and corrects figures. ### [Are O2O Capital vaults live?](https://o2ocapital.com/faq#are-o2o-capital-vaults-live) 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](https://o2ocapital.com/?audience=allocator#contact). ### [How are the O2O Capital vaults structured?](https://o2ocapital.com/faq#how-is-the-o2o-capital-fund-structured) 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. **Figure: Vault structure.** A depositor clears KYC/AML checks and is whitelisted, then deposits into a regulated vault that operates through vehicles domiciled in Cayman, Delaware and Luxembourg. An independent administrator prices vault tokens at NAV, and NAV and attestations are published onchain. Illustrative structure. Alt text: Four-step diagram: KYC/AML whitelist, deposit into a regulated vault, operation through vehicles in Cayman, Delaware and Luxembourg, and NAV pricing by an independent administrator with onchain publication. ### [How does O2O Capital Partners relate to its vaults?](https://o2ocapital.com/faq#how-does-o2o-capital-partners-relate-to-the-fund) 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. **Figure: Company and vaults are separate.** O2O Capital Partners is the asset manager. The vaults operate through separate vehicles in Cayman, Delaware and Luxembourg. Alt text: Two side-by-side panels, the company as asset manager and the vaults with their separate vehicles, divided by a dashed line. ### [Why is O2O Capital Partners described as AI-enabled?](https://o2ocapital.com/faq#why-is-o2o-capital-partners-ai-enabled) 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. ### [How do I contact O2O Capital Partners, and how do I spot a scam?](https://o2ocapital.com/faq#how-do-i-contact-o2o-capital-partners) 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. ## For onchain allocators ### [Who can invest in O2O Capital vaults?](https://o2ocapital.com/faq#who-can-invest-in-o2o-capital-vaults) 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. **Figure: Who can invest.** Eligible non-U.S. institutional investors clear KYC/AML checks and are whitelisted before they deposit or hold vault tokens. U.S. persons are excluded. Alt text: Eligible non-U.S. institutional investors pass a KYC/AML whitelist gate to reach vault tokens, while U.S. persons are shown blocked. ### [Can U.S. investors invest in O2O Capital vaults?](https://o2ocapital.com/faq#can-us-investors-invest-in-o2o-capital-vaults) 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. ### [What will O2O Capital vaults invest in?](https://o2ocapital.com/faq#what-will-o2o-capital-vaults-invest-in) 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. ### [How will O2O Capital vault tokens be priced?](https://o2ocapital.com/faq#how-will-o2o-capital-vault-tokens-be-priced) 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. **Figure: Pricing at NAV.** An independent administrator strikes NAV, an oracle publishes NAV and attestations onchain, and deposits and redemptions settle at NAV. Alt text: Independent administrator to oracle to vault token priced at NAV, with attestations from the oracle and settlement of deposits and redemptions at NAV. ### [Which stablecoins will O2O Capital vaults accept?](https://o2ocapital.com/faq#which-stablecoins-will-o2o-capital-vaults-accept) 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. ### [How will deposits and redemptions work in O2O Capital vaults?](https://o2ocapital.com/faq#how-will-deposits-and-redemptions-work) 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. **Figure: Deposits and redemptions.** Built on ERC-7540 and ERC-7575, deposits and redemptions are asynchronous, so a redemption request can settle on the payment cycle of the underlying loans. Alt text: Four steps from KYC/AML whitelisting to deposit, redemption request and settlement, with a timeline showing a request settling at the next loan payment cycle. ### [What are asset class, curated and personalized vaults?](https://o2ocapital.com/faq#what-are-asset-class-curated-and-personalized-vaults) 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. **Figure: Three planned vault lines.** Asset class vaults hold a single exposure, curated vaults blend exposures to an objective, and personalized vaults are built to one allocator's mandate. Alt text: Three panels for asset class, curated and personalized vaults, working like a fund, a fund of funds and a separately managed account. ### [Will O2O Capital vault tokens work in DeFi?](https://o2ocapital.com/faq#will-o2o-capital-vault-tokens-work-in-defi) 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. **Figure: Vault tokens in DeFi.** Asset class and curated vault tokens are built to be DeFi-composable. Every wallet that holds one is whitelisted first, then holders can use it in other protocols, for example as collateral. Alt text: Vault token passes a KYC/AML whitelist gate and can then be used in other protocols, for example as collateral. ### [What are the risks of an O2O Capital vault?](https://o2ocapital.com/faq#what-are-the-risks-of-an-o2o-capital-vault) 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. ### [How can an onchain allocator contact O2O Capital Partners?](https://o2ocapital.com/faq#how-can-an-onchain-allocator-contact-o2o-capital-partners) Use the [contact form](https://o2ocapital.com/?audience=allocator#contact) 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. ## For originators and lenders ### [How will O2O Capital Partners work with private credit originators?](https://o2ocapital.com/faq#how-will-o2o-capital-partners-work-with-lenders) 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. **Figure: The originator path.** Private credit lenders originate, underwrite and service the loans the vaults buy, giving originators a route to onchain allocators. Alt text: Three steps: private credit lenders originate, underwrite and service loans, the vault buys short-duration private credit, and onchain allocators are reached. ### [What kinds of loans will O2O Capital vaults buy?](https://o2ocapital.com/faq#what-loans-will-the-o2o-capital-fund-buy) 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. ### [Which originators work with O2O Capital Partners?](https://o2ocapital.com/faq#which-originators-work-with-o2o-capital-partners) 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. ### [How can a private credit originator contact O2O Capital Partners?](https://o2ocapital.com/faq#how-can-a-lender-contact-o2o-capital-partners) Use the [contact form](https://o2ocapital.com/?audience=institutional_partner#contact) 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. Press: boilerplate, a fact sheet, founder bios and logo files are on the [press page](https://o2ocapital.com/press). Last updated October 23, 2026.