Convergence Protocol Benefits Applications Roadmap Get in Touch
Litepaper now available

Programmable capital
for Risk Transfer.

Onchain infrastructure for risk transfer. One institutional-grade architecture.
Every protection instrument — catastrophe bonds, collateralized reinsurance, and sidecars.

A new infrastructure layer
for risk transfer is emerging.

Three trends are converging and pointing to a structural shift in how the world transfers risk.

01 — Global Risk

Risk is compounding faster than traditional capacity can grow.

Economic losses Insured coverage
02 — Alternative Capital

Insurance-linked Securities (ILS) opened the capital markets to risk, but not with internet-native infrastructure.

Cat Bonds $59B Collateralized Re $57B Sidecars $20B
03 — Programmable Capital

Onchain rails make capital instant, liquid, and composable.

2020 2025 $33T

Risk transfer is ready to be rebuilt.
What was once bespoke can now become liquid, scalable, and fast.

RIZK is the onchain risk-transfer protocol

At its core, RIZK is a single shared architecture: two linked vaults that together function as an onchain special purpose vehicle that you can run every ILS instrument on.

COVERAGE PREMIUM-YIELD VAULT Debtor position · Claim position PROTECTION-COLLATERAL VAULT Protection token · Collateral position Cedent RISK SIDE Investor CAPITAL SIDE Premium Risk transfer contract Protection Premium commitment Collateral Capital commitment Yield + collateral return ACCESS CONTROL EMERGENCY ORACLE ORCHESTRATION STRATEGY YIELD SOURCE Lending platforms Tokenized MM funds Staking, DEX LP RISK FLOW CAPITAL FLOW

The premium-yield vault holds the premium flow; the protection-collateral vault holds the payout flow. Each vault issues two onchain positions, independently transferable through the coverage term.

The Value Exchange.

One vault system connects risk and capital, improving how each side enters, participates, and benefits. What each side gets:

Cedent
Risk Side
01
Onchain capital access

Additional capital alongside traditional reinsurance channels.

02
Faster risk transfer

Settle in seconds, not months.

03
Liquid positions

Protection can be transferred, fractionalized, or restructured onchain.

Investor
Capital Side
01
Uncorrelated yield

Returns driven by physical risk, not rates or equities.

02
10–15%Historical annual yield

ILS benchmark, 2015–2024.

03
Onchain, liquid, composable

Standardized vault positions that plug into Decentralized Finance.

The same architecture, across risk categories

Chokepoint protection is the first application in active design. Below, the other risk categories the same two-vault architecture extends to — conceptual today, on the horizon.

Parametric Active · in co-design

Parametric Chokepoint Protection.

Corporate P&L coverage for maritime chokepoint disruption — a risk with real demand and no conventional insurance answer.

Global trade moves through a handful of maritime chokepoints. When any one closes or slows, the impact ripples through shipping companies, manufacturers, utilities, and retailers — most of whom retain 100% of the downstream risk because conventional products don't cover the knock-on P&L effects.

War risk covers hull damage; cargo covers goods in transit. Neither covers the rerouting costs, shipping rate spikes, or supply-chain delays that follow a chokepoint event. That gap is the risk this vault transfers.

TriggerParametric
OracleIMF PortWatch
CollateralStablecoins
SettlementAutomatic · T+0
PayoutGraduated
StatusMVP co-design
Parametric Design

Natural Catastrophe Coverage.

Tokenized parametric cat bonds for earthquake, hurricane, typhoon, and wildfire — the largest ILS category.

The largest ILS category — named-peril parametric cat bonds for natural catastrophes. The same two-vault architecture applies: objective triggers from sources like USGS, NOAA, or satellite remote sensing replace broker-mediated loss adjustment.

Fractionalizable tokens collapse the $250K traditional minimum, opening the asset class to allocators priced out of conventional cat bond issuances.

TriggerParametric
Tenor12–36 months
CollateralUSDC · T-bill
SettlementT+0
TranchesSenior · Mezz · Equity
OraclesUSGS · NOAA
Parametric Design

Cyber Event Coverage.

Parametric coverage for systemic cyber events — cloud outages, BGP disruption, ransomware waves.

Cyber is the fastest-growing ILS category — Beazley's $300M deal in 2025 was the largest to date, with Chubb entering alongside.

The same two-vault architecture applies: verified infrastructure metrics (cloud SLA breach, BGP disruption, outage duration) replace contentious loss adjustment with an objective trigger, and tokenized positions bring secondary liquidity to a category where it's effectively zero today.

TriggerParametric
TenorAnnual
CollateralStablecoins
SettlementT+0
SignalsSLA · BGP · Uptime
MarketFastest-growing ILS
Index Design

Weather & Climate Indices.

Index-based coverage for climate-exposed sectors — agricultural drought, renewable energy shortfall, tourism.

A sidecar-friendly configuration of the architecture, pooling many small policies under a single vault. Meteorological stations, satellite observations, or climate reanalysis data supply the parametric trigger.

The WFP R4 initiative and CCRIF Caribbean pool are decades-old operating precedents for this category — RIZK brings the same logic onchain with continuous liquidity and sub-$1K fractional positions.

TriggerIndex
TenorSeasonal · Annual
CollateralStablecoins
SettlementT+0
PoolingSidecar
OraclesNOAA · ECMWF
Onchain Design

Validator Slashing Coverage.

ETH-denominated coverage for Ethereum validators, node operators, and LSTs — triggered by the beacon chain itself.

A DeFi-native application of the same two-vault architecture. The beacon chain itself is the oracle — slashing events are recorded onchain, making this the cleanest parametric trigger possible, with no external data source required.

A direct path between DeFi capital pools and the multi-billion-dollar validator and LST insurance market, with premium, coverage, and payout all denominated in ETH.

TriggerBeacon chain
TenorContinuous
CollateralETH
SettlementT+0 onchain
Denominated inETH
TargetValidators · LSTs

From architecture to ecosystem reality

The litepaper defined the architecture. The next 12–18 months bring it onchain with real risk, real capital, and regulated legal wrappers.

Now · Q2 2026

Proven Foundation

  • Litepaper v0.7 published defining the two-vault architecture
  • Technical prototype for collateral vaults using stablecoins and restaked assets
  • Institutional engagement with Aon, Munich Re, and EY
  • MVP co-design in progress with a strategic cedent partner
Phase 1

Legal Wrapper & Testnet

Bermuda segregated cell and Singapore SPRV pathways in parallel. Smart contracts deployed to testnet. KYC/AML token gating via ERC-3643.

Phase 2

Genesis Vault

First onchain risk transfer executed. Parametric trigger live. Institutional capital onboarded. Automated settlement tested at scale.

Phase 3

Multi-Instrument

Cat bond and sidecar configurations deployed. Secondary market for tokenized positions. Exchange listing (SDAX / SGX).

RIZK means sustenance, provision, or blessing.

We are turning risk
into RIZK.

Whether you're an institutional risk holder, a capital allocator, or a protocol — we'd love to hear from you.

Subscribe to our mailing list

Get regular protocol updates and early testnet access.