Digital Credit Notes (DCNs) are ERC‑20 compatible, fully portable credit instruments that are collateralized by a multi‑asset Digital Asset Treasury and supported by more than 300 publicly viewable on‑chain data points, giving them exceptional transparency and making them institution‑ready with FIX API connectivity. Each issuance begins on HootDex, where price discovery, data visibility and collateral‑verification are available from day one, and where DCNs trade through both the Unified Liquidity Pool and the Central Limit Order Book for deep liquidity and high‑fidelity execution. Once the issuer‑defined lock‑up period expires, both Perpetual DCNs and Fixed‑Term DCNs become freely swappable digital assets on HootDex, enabling decentralized peer‑to‑peer liquidity with no intermediaries or margin requirements.

Issuers collateralize each DCN with PECU Coins, USXM stablecoins, wrapped assets, RWA tokens and revenue or operational tokens, all held inside a multi‑asset Digital Asset Treasury with full public visibility. Smart contracts automate hourly yield distribution via Yield Tokens and enforce perpetual or fixed‑term parameters, ensuring predictable, rules‑based performance without custodial friction. Because DCNs are ERC‑20 compatible and portable, any platform that supports ERC‑20 architecture can list or integrate them, giving lenders and investors a seamless path to liquidity and cross‑platform utility.

In late 2026, an institution‑only DCN Over‑The‑Counter Desk will launch, allowing institutions to negotiate DCN swaps and pricing directly, while issuers gain a venue to list new DCNs for institutional exposure. This creates a 24/7/365 peer‑to‑peer pathway for lenders, issuers, and institutions to adopt, trade, and execute DCNs at scale across both decentralized and centralized environments.