Operational Methodology · Desk Independence

How We Work: The Diligence Protocol

UnyKorn LLC operates as a specialized cryptographic recording and diligence desk. We read the whole file before anyone talks terms. We do not buy, sell, broker, or price carbon credits or commodities, maintaining total independence from market trading incentives.

⚡ The 4-Phase Diligence Pathway 🛡️ Independence Manifesto 📥 Download Methodology PDF

Core Principles · Zero Conflicts of Interest

The Independence Manifesto

Independent Diligence Standards for Institutional Underwriting: UnyKorn operates strictly as an independent evaluation and verification facility, eliminating sell-side broker conflicts of interest.

We Never Broker or Trade

ZERO SPREAD

Brokers earn commissions on transaction volume, creating an inherent incentive to overlook asset deficiencies, inflated baselines, or uncalibrated assays. UnyKorn takes zero trading spread and never owns the asset.

We Never Set Fictitious Prices

MARKET REALITY

We benchmark exclusively against observable secondary spot clearing (S&P Platts, OPIS, Xpansiv, LBMA fixes) with empirical liquidity haircuts. We reject borrower-asserted target prices that mislead capital desks.

Cryptographic Immutability

ED25519 & SHA-256

Every document, assay certificate, and verification statement is hashed under SHA-256 upon receipt. Determinations are cryptographically signed under an Ed25519 key, providing an audit trail for bank compliance officers.

Execution Framework · 4-Phase Pathway

The 4-Phase Pathway to Bankability

How an inbound asset package is intake-fingerprinted, independently audited, economically restructured, and brought to financial close.

PHASE 1 · INTAKE & SCREENING

Cryptographic Ingestion & Sanctions Clearance

• Secure deposit of unredacted PDDs, VVB statements, lab reports, and warehouse receipts.
• Automated SHA-256 fingerprinting and timestamping into the UnyKorn Desk ledger.
• OFAC, PEP, and FinCEN sanctions clearance across all asset owners, sponsors, and intermediaries.
• Chain-of-custody verification and legal title search under Delaware and Wyoming commercial codes.

PHASE 2 · INDEPENDENT AUDIT

Registry Verification & Metallurgical Core Assays

• Reconciliation of specific serial numbers in registry accounts (ICR, Verra VCS, EcoRegistry).
• Verification of permanence buffer pool reserve status and Article 6.2 host-country authorization.
• For physical minerals: Commissioning of third-party ISO/IEC 17025 accredited umpire core assays.
• Hazardous trace element screening (Cadmium, Arsenic, Lead) and pyrometallurgical recovery tests.

PHASE 3 · RESTRUCTURING

Economic Recalibration & Risk Haircuts

• Recalibrating nominal pitch deck asks to observable secondary market spot clearing ($5–$15/t for REDD+).
• Calculating net payable metal recovery after smelter Treatment/Refining Charges (TC/RCs).
• Enforcing institutional borrowing base advance rates (≤ 50% LTV of verified liquidation value).
• Structure of Lloyd's coverholder carbon invalidation and host-country political risk insurance binders.

PHASE 4 · CLOSING

Tri-Party DACA & DvP Capital Disbursement

• Execution of Tri-Party Deposit Account Control Agreement (DACA) with FDIC-insured commercial depository bank.
• Filing of UCC-1 financing statement perfecting senior secured first-priority lien on serials/vault receipts.
• Delivery-versus-Payment (DvP) release across Tranches A (working capital), B (custodial transfer), and C (offtake syndication).
• Settlement monitoring and ongoing compliance surveillance.