Executive Summary

PACT is a decentralized credit infrastructure protocol designed to support the issuance and management of real-world asset (RWA) lending across global markets. It enables institutional lenders and fund managers to structure and operate credit programs using programmable smart contracts that automate repayment flows, covenant enforcement, and investor distributions.

The protocol connects emerging market originators with global capital providers through a standardized, transparent framework — without requiring intermediaries to manage servicing, waterfall logic, or compliance mechanics. While each product built on PACT is independently governed and regulated by its issuer, the protocol provides shared infrastructure for executing structured credit efficiently and securely.

$PACT is the utility and governance token of the protocol. It allows holders to participate in protocol governance through a vote-escrow (ve) model, where tokens can be locked in exchange for vePACT — a non-transferable governance token that confers voting rights and may provide access to community-approved protocol features. This model is designed to promote long-term participation and discourage short-term speculation.

These tokenomics reflect the transition from the protocol’s former use under the UBI-focused initiative ImpactMarket. If adopted by governance, this framework will fully replace prior structures and support the next phase of growth under a decentralized, community-led model.

Full details on token supply, staking, governance, and treasury operations follow in the sections below.