04 · LiqueFixed

A new category of fixed income

Designed to build on LiqueFex OS infrastructure, the LiqueFixed model describes how a fixed income instrument can be constructed from life settlement collateral — combining institutional-grade structure with a cash flow architecture previously unavailable in this asset class.

"LiqueFixed is a laddering methodology for constructing dual-track fixed income from life settlement collateral — fractionable at any denomination, and designed for settlement through existing custodial infrastructure. The instruments are the issuer's; the model and the infrastructure beneath it are ours."
What LiqueFixed is

LiqueFixed is a construction model, not a fund. It is a mathematical laddering methodology for building fixed income instruments from life settlement collateral. LiqueFi does not issue, sponsor, or fund instruments built on it — asset managers do. LiqueFi licenses the model and supplies the underlying infrastructure.

Dual
Cash flow tracks the model structures
None
Carrier processing per transfer
Any
Denomination level
5
Configurable pool components
01
Settles Without the Carrier

Once a policy sits in trust with the carrier recognising the trust as owner, subsequent trades move beneficial interests rather than the policy itself. Transfers settle without carrier involvement — eliminating the weeks of processing and chain-of-title re-verification that every tertiary trade requires today.

02
Two Structured Cash Flow Tracks

The model structures cash flows across two distinct tracks: a contractual yield leg funded by the spread between warehouse acquisition cost and the laddered maturity schedule, and a residual leg reflecting realised performance of the underlying policies against their modelled life expectancies. The two are sourced separately and are not claims on the same cash flows.

03
Fractionable at Any Level

The model supports fractionalisation at any denomination, enabling access across institutional portfolio sizes. Exposure can be calibrated precisely to allocation requirements without minimum threshold constraints.

04
Designed for Secondary Transferability

Instruments built on the LiqueFixed model are designed for secondary transferability, structured for access through existing custodian bank infrastructure. Liquidity and redemption terms are set by the issuer, not by the model.

Redemption Structures

Transferability is a property of the model. Redemption is the issuer's decision.

The laddering supports the full range of redemption structures — closed-end, interval, and continuous — with the sponsoring institution selecting among them against its own liquidity management. Gating exists in this asset class for a reason: where redemption demand exceeds the secondary bid, a sponsor must liquidate underlying policies, and that runs at the underlier's speed rather than the instrument's. The model accommodates the conservative structures the asset class requires rather than assuming them away.

Return Architecture

Five pools. One instrument. Two return tracks.

The model draws on five interconnected pool components — each contributing to the dual-track cash flow structure. The pools are designed to be administered within LiqueFex OS, with compliance, settlement, and valuation-input functions operating through that underlying infrastructure once it is built. Funding, reserve sizing, and redemption policy are determined by the sponsoring institution, not by the model.

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Pool Architecture

Five interconnected pools

Configurable components of the model. The descriptions below are design specifications; an issuer parameterises each pool when it constructs an instrument.

Longevity
Actuarial risk pool

Manages actuarial exposure across the portfolio using systematic life expectancy modelling. Premium payments and maturity timing are designed to be calibrated continuously against aggregate longevity data from the DNA System.

Risk
Risk management layer

Absorbs and redistributes portfolio-level risk across instruments. Concentration limits, carrier exposure, and demographic diversification are enforced structurally through LiqueFex OS compliance architecture.

Asset
Policy asset pool

Holds the underlying life settlement policies identified and tracked via the DNA System. Each asset carries a unique identifier, continuous valuation inputs, and a complete compliance history from origination.

Liquidity
Liquidity management

Provides for a standing reserve sized by the sponsoring institution to support its chosen redemption structure. Inflows from matured policies and secondary market activity are designed to replenish the pool on a rolling basis.

Warehouse Lending
Origination facility

Provides short-term capital to acquire policies before they are allocated to the asset pool. The facility is designed to cycle on a rolling basis, funding new acquisitions as settled policies move downstream. The spread between acquisition cost and the laddered maturity schedule funds the model's contractual yield leg.

Supported Formats

The formats the model can support

The range of institutional formats an issuer can configure the LiqueFixed model into. These are the structures the laddering supports — not vehicles LiqueFi is placing, sponsoring, or distributing. Format selection, registration, and distribution are the issuer's decisions.

Pension Funds
Structured yield, long-duration fit
Insurance-Linked Portfolios
Adjacent risk, familiar diligence
Fixed Income Retirement
Dual-track, uncorrelated yield
Mutual Funds
Interval and continuous structures
ETFs
Exchange-traded structure
Digital Platforms
Chain-agnostic integration