1. Business Model Overview
Defactor Finance Luxembourg S.á r.l.

2. ● Significant background in
investment banking at Goldman
Sachs
● Extensive experience in institutional
equities and derivatives trading
● Blockchain & DevOps expert.
● Strong TradFi background in investment
banking at Morgan Stanley and
alternative investments
● Entrepreneurial and advisory expertise
successfully translated into DeFi space
● 25+ years senior leadership experience in
international banking at Santander bank
● Deep expertise in building and managing
cashflow finance business units
● Extensive supply chain executive
management & finance expertise
● Early adopter of RWAs in DeFi
● Working partnership with market
leaders - Maker & Centrifuge
Experienced team with a diverse & proven
track record
Management Team
Patrick Sibetz
Chief Operating Officer
Alejandro Gutierrez
Chief Executive Officer
Maurice Tracey
Chief Commercial Officer
Teresa Song
Head of Growth
Bhairav Patel
CTO
● 23+ years experience in tech and
FinTech space
● Previously CTO of Forbes FinTech 50
listed global supply chain and trade
finance businesses.

3. Business Model - Bridging Access to DeFi
Bringing RWAs on chain releasing untapped value and liquidity
Asset represented by NFT
NFT locked in smart contract
secured by blockchain
Finance Fee
Invest per risk appetite
Transparency on underlying
asset performance
Full risk reporting dashboard
Customers of AOs
Receivable
Trade Finance
Inventory
Finance
Asset Originators
Pool of Assets
Borrow at X%
Repayments
Funding y%
Repayments
Invests $$
Earn X%
Liquidity
Pool Investors
Real World
Assets
Blockchain Investors

4. The growth opportunity in DeFi is huge
*Source: Wharton, University of Penn, Cointelegraph News, DeFi
$100T+
Capital Markets
$6T+
Insurance
$2T+
Consumer
Banking
$300B
DeFi
Global Trade Finance funding gap widens to USD$2.0t*
● Banks archaic IT mainframe systems with
restrictive business models.
● Restrictive and outdated risk appetite.
● Capital Constraints limits funding SME’S .
Digital assets locked in DeFi services only c.$300 USD*
● Opportunity for FinTechs to access new sources
of DeFi liquidity.
● Democratising access to financing.
Funding Business Case | Massive DeFi Potential
User Cases
● FinTechs leverage new tech / smart tech solutions
● Fintechs with proven track record and internal processes.
● Ability to earn attractive margins through innovation
$7T+
Global Lending
$2.5T+
Commercial
Lending
$29Bn+
Digital Lending
$??B
Defactor
Total Addressable Market

5. *Source: Trading Economics Cointelegraph News, DeFi
Total market size tokenized U.S. TB’s $650m
● Decreasing DeFi rates due to lower credit demand
● TradFi interest rate cycle
● Conditions continue per 2 year rate forecast
● On chain funds seeking safe, yield earning assets .
Tokenization unlocking access to on-chain capital
● Opportunity for on-chain capital to access U.S.
TB yield without off-ramping.
● Offshore U.S. entities streamlined access.
T-Bill Business Case | Massive DeFi Potential
User Cases
● DAO Treasuries & On-Chain Capital.
● Institutional capital deployment.
U.S. 3m prevailing Treasury Bill Yield (as a %)
U.S Treasury Bill’s 3 Month Yield
0.0
1.0
2.0
3.0
4.0
5.0
2018 2019 2020 2021 2022 2023
1.5
2.4
0.14 0.04
0.21
5.4+
6.0

6. Defactor Unique DeFi
Luxembourgish Securitization Solution
Providing Investors with a secure legally compliant entry to DeFi funding
Why a Tokenized Bond?
Soft entry for Investors into DeFi,
retain the benefits of a traditional
Lux-structured bond
Why Luxembourg Model?
Market standard & established
structure
Flexible and robust legal
environment Facilitates secondary trading
Permits fractionalisation for the
future
Defactor Finance Luxembourg S.a.r.l.
Multiple Compartments
Investment Investment Investment
Compartment 1:
ALPHA Bond
Compartment 2:
BILLY Bond
Compartment 3:
?
Tokenised Bond Tokenised Bond Tokenised Bond
Investors per compartment
(shareholders/noteholders)
Defactor Finance Lux. S.a.r.l.
Enhanced 24/7 liquidity without
intermediaries
Transparency and increased
investor confidence with
underlying assets
Compartmentalisation benefits
● Multiple asset classes
● Segregation - no spill over
● Liquidation by compartment

7. Minimum investment of $100K
Amount
Deployed to finance receivables & trade finance
Funds
12 months committed funding
Term
10% target annual percentage yield
APY
Interest paid half yearly (capital return on maturity)
Payout
90 days notice prior to maturity date
Redemptions
$100m Issuance to
meet Pipeline
Demand
12 Month Fixed Income Bond, 10% APY, underlying assets trade finance & receivables
Compartment A : DEFACTOR ALPHA SERIES

8. Compartment B : BILLY Bond
Tokenized Investment Product - meeting On Chain demand for legally compliant investment products
Minimum ticket size $100k USD
Tokenized Treasury Bills
Deployed to purchase 3m T-Bills
Funds
3 Month term with rollover option
Term
Linked directly to 3m US TB rate at date of
investment
APY
Full capital and interest payout on maturity
Payout
5 day redemption notification required prior to
investment maturity with 3 day redemption process
Redemptions
BILLY uses the same
Luxembourgish legal
structure, and BaFin
coverage