Issue sovereign debtwithout the banks.

We help emerging market governments issue sovereign debt at lower cost, reaching a new pool of institutional capital.

Get in touch about pilot issuances Learn more

The Problem

A broken system that excludes the countries that need capital most

Issuing sovereign debt today requires navigating a maze of intermediaries, each taking their cut while adding opacity to the process.

Intermediaries required for a single bond issuance: investment banks, clearing houses, custodians, paying agents, transfer agents

Opaque

Fees buried in spreads and hidden costs make it impossible to know the true cost of capital

Underserved

Western banks cherry-pick issuers, leaving many emerging markets without access to global capital markets

The Solution

One ledger. Standard documentation. Global access.

OpenCharter provides the infrastructure for governments to issue sovereign bonds directly onchain, eliminating intermediaries while maintaining institutional-grade legal standards.

Single Smart Contract Ledger

One immutable record of ownership replaces custodians, transfer agents, and clearing houses. Instant settlement. No reconciliation.

Digital Bond Instruments

Bonds issued as digital instruments with programmable coupon payments and transparent ownership records.

Standard NY Law Documentation

Institutional investors get the legal framework they trust. Same governing law as traditional sovereign debt, new rails.

Crypto-Native Capital

Access a new pool of institutional capital already onchain. Stablecoin treasuries and crypto funds seeking yield on real-world assets.

How It Works

From conversation to settlement

A pilot issuance with OpenCharter follows a clear, structured process.

Initial Conversation

We discuss your financing needs, timeline, and target investor base to determine fit.

Legal Structure

Standard NY law documentation adapted for digital issuance. Familiar terms, new rails.

Onchain Issuance

Bonds are issued as digital instruments on a single ledger. Transparent, auditable, efficient.

Settlement

Instant settlement with institutional investors. Programmable coupon payments throughout the bond's life.

Founder

Duncan Cock Foster

Co-founder of Nifty Gateway, acquired by Gemini in 2019. Under his leadership, Nifty Gateway processed over $1B in gross merchandise volume and paid more than $500M directly to creators.

Duncan has spent nearly a decade building institutional-grade digital asset businesses, learning what it takes to bridge traditional finance with new financial infrastructure.

Read press coverage of our founder

We're working with governments on pilot issuances

Whether you're a government, institutional investor, or interested in the future of sovereign debt.

Get in touch