> For the complete documentation index, see [llms.txt](https://qiro.gitbook.io/qiro-vaults/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://qiro.gitbook.io/qiro-vaults/about-us/qiro-credit-vaults.md).

# Qiro Credit Vaults

Institutional private credit yield for stablecoin holders, underwritten by Qiro and curated by a dedicated Risk Curator.

Qiro Credit Vaults originate private credit facilities for businesses with predictable receivables: cross-border payment processors financing settlement float, private credit funds, and fintech lenders. Every borrower is underwritten by Qiro, and every facility is structured through a bankruptcy-remote SPV that acts as the legal lender.

The result is a two-sided credit market. **Borrowers** raise capital against operating cashflows. **Depositors** hold a vault share that appreciates as those facilities repay, earning yield drawn from credit performance rather than token emissions or trading fees.

Qiro decides who can be funded. A vault's **Risk Curator** decides how much and when, choosing only among borrowers Qiro has already approved.

|                  |                                                                                  |
| ---------------- | -------------------------------------------------------------------------------- |
| **Investor**     | [Deposit, track your position, and exit](/qiro-vaults/stakeholders/investors.md) |
| **Borrower**     | [Raise a facility against your flows](/qiro-vaults/stakeholders/borrowers.md)    |
| **Risk Curator** | [Allocate vault capital](/qiro-vaults/stakeholders/risk-curator.md)              |

New here? [**How It Works**](/qiro-vaults/about-us/how-it-works.md) follows a single dollar from deposit to redemption.

Vaults are open to verified institutional and accredited investors only. See [Who Can Invest](/qiro-vaults/stakeholders/investors/who-can-invest.md), or [get in touch](/qiro-vaults/about-us/get-in-touch.md).