Qiro's 2025 Recap
From testnet to deployment, Qiro and its team matured in all ways possible over the last year. Have a look at what unfolded!
A Year of Foundation and Execution.
When Qiro launched in early 2025, tokenized private credit had already reached $20.76B in total value. By year-end, with Blackrock, Franklin Templeton, and dozens of fintech platforms tokenizing credit assets, this number has only accelerated.
The timing was perfect. Institutional capital is seeking yield in a world of negative real rates. market credit assets offer 10-15% returns, attractive on an absolute basis and significantly higher than developed market alternatives. But the barriers were visible: opacity, information asymmetry, default risk, and lack of verifiable underwriting.
As we close out the year, we’re reflecting on the milestones achieved, the market we’ve helped shape, and the opportunity ahead for global stablecoin lenders and fintech borrowers.
The Year in Review: Four Quarters of Momentum
Q1: Testnet and Market Validation
In Q1, Qiro deployed its Private Credit Marketplace testnet across three chains—Plume, Polygon, and Aptos and the response was immediate and overwhelming.
Qiro Marketplace Testnet Launch
Deployed Qiro Private Credit Marketplace testnet on Plume, Polygon, and Aptos.
Reached 51K+ wallets and 87K+ transactions within a few weeks.
Integration with Ritual and EZKL
Activated distributed underwriting network leveraging Ritual infernet nodes for on-chain credit evaluations.Integrated EZKL’s ZKML stack to generate ZK-proofs for underwriting model execution (verifiable underwriting)
Read more below!
Community traction reflected the product momentum. Twitter impressions surged 3,000% QoQ to 563.4K. Telegram membership hit 9000+ members. Substack subscribers grew to 1,100+, establishing Qiro as a thought leader in tokenized credit.
Q2: Product Growth and Institutional Preparation
Qiro Underwriting Explorer Launch
Launched Qiro Underwriting Explorer for transparent, verifiable credit evaluation outputs.
Updated the Explorer later in the year to reflect product changes.Qiro NBFI Credit Scoring Model Completion
Developed standardized credit scoring policies for Lending & Non-Lending NBFIs, planned to go live in production with mainnet
Smart contract audits were underway. This was infrastructure building in the truest sense, removing single points of failure, embedding compliance, preparing for real capital flows.
We also hopped on the CopperX Podcast!
Q3: Rebrand, and Mainnet Readiness
The team executed a comprehensive rebrand, introducing new logos and redesigned website to reflect the evolved mission: “Lend Stablecoins Globally.”
Branding & Marketplace UI/UX Revamp
Revamped Qiro branding with a new logo and website.Improved the Marketplace experience based on testnet feedback across product flows.
Qiro Securitisation Contracts Completion
Completed securitization module to support structured debt transactions on-chain.Enabled multi-tranche structures with waterfall-based payouts
By quarter’s end, Qiro wasn’t just ready for mainnet. The infrastructure was battle-tested, audited, and institutional-compliant.
We also started pushing our newsletter covering all things DeFi.
Q4: Security Audit and Underwriting Platform Launch
Qiro Marketplace Audit Completion
Completed smart contract security audit with QuillAudits (including vigilant squad review) and resolved findings.
Completed Webapp + Cloud VAPT audit with Credshields to ready the Marketplace app for launch.Qiro Underwriting Platform Launch
Completed the underwriting infrastructure MVP (borrower data origination, loan applications, node + policy management).
Shipped underwriting infra to support production-grade underwriting workflows on the Marketplace
A Note for 2026, from the team.
2025 was a year of hustle, focus, and belief in the mission.
2026 is set up to be Qiro’s scale year: moving from “platform readiness” into sustained loan volume and repeatable origination cycles, with underwriting as a first-class primitive rather than an add-on.
Underwriting becomes the core wedge for onchain credit in 2026: scaling the underwriting infrastructure and network so more models, policies, and underwriters can cover more assets with verifiable outputs.
To our investors (Alliance, Druid Ventures, Escape Velocity, Trident Digital, CMT Digital), thank you for backing the vision early. To our partners (Plume Network, Ritual, EZKL, Aptos, Polygon), thank you for collaborative innovation.
Most importantly, to the fintech founders struggling to access capital efficiently. Qiro is being built for you.
To the institutional capital allocators seeking yield with risk management. Qiro’s infrastructure is awaiting your interest.
Lend Stablecoins Globally.
Let’s close 2025 strong and make 2026 the year credit went onchain.
Until next time
~ Team Qiro