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By lend.xyz
Lend deploys compliant real estate tokenization infrastructure on Stellar using Soroban. The protocol enables investors to deploy stablecoins into professionally structured real estate operations with weekly on-chain yield distribution. The integration covers the full cycle: tokenized asset issuance, compliant subscriptions, yield distribution, and secondary market liquidity.
On track to be operational on Stellar
We have developed and deployed our Soroban smart contracts (Factory + OpLend token) on Stellar testnet. The code is open-source, verifiable on GitHub, and deployed here:
https://testnet.stellarchain.io/contracts/CATQIEC3UAAEPYBPFBJWHGY3WYQJJZ344NXAADZ7HWICA2SWG7NU5III
At this stage, the Factory contract manages the full lifecycle of operations: creation, subscription, OpLend token claims, cancellation/refunds, and conditional withdrawal of raised funds. The OpLend token implements the SEP-41 interface with balance management, allowances, and burn functionality. The additional features of these contracts, described in the technical architecture, will be developed as part of this grant.
Why Stellar Is Strategic for Lend
Lend targets European and international expansion with the ambition of onboarding investors who are not crypto-native, institutional LPs, family offices, traditional real estate investors. Stellar's anchor network (SEP-6/24) provides a mature and regulated fiat on/off-ramp infrastructure, with actors already active across Europe and internationally. This is a structural advantage that other networks do not offer in such an integrated manner, and it is a natural fit with Lend's positioning.
The Soroban ecosystem provides the programmability needed for compliant RWA tokenization (SEP-41 for tokens, Reflector for the EUR/USDC oracle), and alignment with the SDF 2026 roadmap ($1 billion in tokenized assets on the network) positions Lend as a direct contributor to that goal.
Bringing liquidity & deal flow to Stellar
We have partnered with Sate Investment Partners to source and structure institutional-grade real estate opportunities, ensuring high-quality deal flow for the Stellar ecosystem.
In parallel, we aim to onboard liquidity from EVM chains through our cross-chain infrastructure and incentive mechanism (Lend Points), helping direct crypto-native capital toward Stellar-native operations. We designed a cross-chain flow that will allow any capital formed on the EVM chain into tokenized bon on Stellar thanks to AllBridge in a few transactions.
We plan to kickstart our integration on Stellar by introducing a 1-year 1.25x multiplier on Lend Points generated through the ecosystem.
This incentive is designed to position Stellar as the preferred “home chain” for users engaging with Lend RWAs, encouraging early adoption and long-term user anchoring.
At this stage, incentives will be limited to points-based rewards. While we do plan to introduce APR-based incentives in the future, the scope of this grant is strictly focused on development, and does not include capital allocation for yield subsidies
$120.6K
On-Chain Operations (Live)
Over $1M in fully funded tokenized real estate across two completed operations:
Operation 1: $585K data center refinancing (9% APR target), fully subscribed, capital deployed, weekly yield distribution active 100% on-chain
Operation 2: $425K real estate operation, fully funded, with over 50% pre-subscribed by recurring LPs before launch
Third operation launching end of May 2026
5,000+ unique wallet addresses across testnet and mainnet
Smart contract infrastructure fully audited
Partnerships & Compliance
Sate Investment Partners, real estate asset manager, €400M+ in structured property transactions, providing a continuous pipeline of institutional-grade opportunities that can be tokenized on Stellar
Fully compliant under French regulation (AMF oversight, formal DIS filed per operation)
International real estate tokenization capability
Funding
$600K in pre-seed equity raised
$1.75M seed round in preparation
Deliverable 1.1 — Soroban Smart Contracts: Factory + OpLend Token
Description: Development and publication of the two core Soroban smart contracts powering the Lend protocol. The Factory contract implements the full lifecycle of a tokenized funding operation: creation, opening to investment, processing of investments with backend signature verification, pre-deposit handling, token claim logic, operation cancellation with investor refund, and fund withdrawal. The OpLend token contract implements the Soroban token interface (SEP-41) with transfer restrictions, whitelist/blacklist management, and capped supply. Both contracts include comprehensive unit and integration tests. The Reflector oracle adapter interface is defined and integrated using mock data.
How to measure completion:
Public GitHub repository containing the full Soroban source code for both Factory and OpLend contracts
All unit tests passing with coverage >85%, covering: operation lifecycle, investment flow, pre-deposit + claim, cancellation + refund, fund withdrawal, token minting, transfer restriction enforcement, whitelist/blacklist management, supply cap enforcement
Backend signature verification logic implemented and tested
Oracle adapter interface defined with mock integration
README documenting contract architecture, function signatures, and test instructions
Both contracts compiled to WASM under the 64KB size limit
Estimated completion: May 23, 2026
Budget: $24,970
Deliverable 1.2 — Backend Worker & Event Indexing System
Description: Development of the backend worker responsible for indexing all protocol activity on Stellar. The worker connects to Soroban RPC and Horizon to capture and process contract events (operation creation, investment submissions, funding completions, cancellations, token claims). It reconstructs and maintains the full protocol state off-chain. The system exposes a REST API consumed by the frontend. The worker also handles backend signature generation used to authorize investments on-chain after off-chain KYC verification.
How to measure completion:
Backend worker successfully indexing contract events from Soroban testnet
REST API operational with response time <200ms, returning: operations list, operation details, investor positions, token balances
Backend signature generation endpoint functional and tested
Event processing verified against >=20 test contract interactions on testnet
API documentation describing all available endpoints, request/response formats, and authentication requirements
Estimated completion: June 6, 2026
Budget: $16,600
Deliverable 2.1 — Testnet Deployment & End-to-End Validation
Description: Full stack deployed to Stellar testnet. Reflector oracle adapter integrated for live EUR/USDC feeds replacing mocks. Complete investment lifecycle validated end-to-end: creation, opening, deposit, signature verification, token claim, fund withdrawal. Cancellation and refund flow also validated.
How to measure completion:
Both contracts deployed and operational on Soroban testnet
Reflector oracle returning live EUR/USDC prices on testnet
Full investment lifecycle completed on testnet (>=10 end-to-end test operations)
Cancellation/refund flow validated with >=3 test scenarios
Backend worker indexing testnet events with accurate API responses
Testnet contract addresses and transaction hashes documented publicly
Estimated completion: June 20, 2026
Budget: $19,030
Deliverable 2.2 — Cross-Chain Bridge Integration (Allbridge) & Dual-Wallet Connection
Description: Allbridge Core integration enabling cross-chain USDC transfers from EVM chains (e.g., Ethereum, Polygon, Arbitrum) to Stellar. The flow is integrated into the frontend with a dual-wallet architecture: investors connect their Stellar wallet (via Stellar Wallet Kit) and their EVM wallet (via Rabby or MetaMask) under a single Lend account. The Stellar wallet is the primary wallet that receives OpLend tokens and weekly yield distributions. The EVM wallet is used exclusively for bridging capital to Stellar. The full flow — EVM connection, USDC approval, bridge to Stellar, investment — is presented as a single guided process. Validated on testnet with at least one EVM source chain.
How to measure completion:
Allbridge SDK integrated and functional on testnet
Dual-wallet connection operational: Stellar wallet (Stellar Wallet Kit) + EVM wallet (Web3 provider) linked under a single account
Cross-chain USDC transfer completed from at least one EVM testnet to Stellar testnet
Bridge flow integrated into the frontend with status tracking
End-to-end cross-chain investment validated: EVM connection → bridge → receive on Stellar wallet → invest in a single session
Bridge transaction confirmation time <5 minutes
Estimated completion: July 4, 2026
Budget: $14,240
Deliverable 2.3 — Frontend Application (Testnet)
Description: Web frontend supporting two connection modes: (1) Stellar wallet only via Stellar Wallet Kit for Stellar-native investors, (2) dual-wallet Stellar + EVM for cross-chain investors. Displays operations with real-time backend data and EUR/USDC oracle rates. Handles the full investor flow (KYC check, investment, signing, confirmation, token claim) and issuer flow (operation creation, monitoring, withdrawal).
How to measure completion:
Frontend deployed on staging URL connected to Stellar testnet
Stellar wallet connection functional via Stellar Wallet Kit (Lobster, Freighter, xBull)
Dual-wallet connection functional: Stellar + EVM under a single account
Stellar-native investor flow operational: browse, invest, sign, confirm, claim
Cross-chain investor flow operational: connect EVM, bridge, invest, claim
Issuer flow operational: create, monitor, withdraw
Real-time data displayed: operation status, funding progress, investor positions
Estimated completion: July 11, 2026
Budget: $10,230
Deliverable 3.1 — Mainnet Deployment
Description: Full stack deployed to Stellar mainnet: contracts with production configuration, backend worker indexing mainnet events, Reflector oracle on mainnet feeds, Allbridge configured for mainnet USDC. Security review of all contract parameters, admin functions, and signature verification logic completed internally. Validated with a controlled test operation covering the full investment lifecycle.
How to measure completion:
Both contracts deployed on Soroban mainnet
Backend worker indexing mainnet events with accurate API data
Reflector oracle returning live mainnet EUR/USDC prices
Allbridge operational on mainnet for at least one EVM chain
Controlled test operation completed: full lifecycle from creation to fund withdrawal
Mainnet contract addresses published in public repository
Estimated completion: July 25, 2026
Budget: $16,760
Deliverable 3.2 — Production Frontend & Technical Documentation
Description: Frontend deployed to production domain with mainnet configuration. Both connection modes operational: Stellar wallet only (native investor) and dual-wallet Stellar + EVM (cross-chain investor). Complete technical documentation published in the public repository: contract architecture, function specifications, event schemas, oracle integration details, dual-wallet flow, deployment procedures. User-facing documentation integrated into the platform.
How to measure completion:
Frontend live on production domain connected to Stellar mainnet
Both Stellar-native and cross-chain investment flows executable in production
Cross-chain bridge functional for at least one EVM mainnet chain
Technical documentation published: contract specs, event schemas, API reference, dual-wallet flow, deployment guide
User-facing documentation accessible in the frontend
Estimated completion: August 4, 2026
Budget: $11,280
Deliverable 3.3 — On-Chain Analytics Dashboard
Description: Public-facing analytics dashboard displaying real-time protocol metrics sourced from the backend worker's indexed mainnet data. The dashboard provides transparency on protocol activity and enables the Stellar community to monitor Lend's contribution to the ecosystem.
How to measure completion:
Public dashboard live and displaying real-time mainnet data
Metrics displayed: TVL in protocol, number of active/completed operations, total capital deployed, unique investor count, cross-chain bridge volume
Data refreshed automatically with <60 second delay from on-chain events
Dashboard accessible without authentication
Estimated completion: August 8, 2026
Budget: $7,450
The company is led by co-founders Lucas Lareginie and Nathan Zeitoun. The core team consists of 6 members and originates from Staky.io, a staking infrastructure provider active from 2018 to 2023. During that time, the team operated across more than 30 blockchains, secured over $800M in assets under management, and contributed to the development of more than 10 decentralized applications. Through this experience, the team built deep expertise in blockchain infrastructure, DeFi protocols, yield generation strategies, and the operational needs of web3-native investors.
The team's mastery of Rust and WebAssembly from the Cosmos ecosystem accelerates our Stellar development, as Soroban uses the exact same language and execution environment despite differing architectures
Lucas Lareginie - Co-Founder & CEO (Linkedin \\ Github)
An entrepreneur since 2017, Lucas brings a sharp Web3 vision. He specializes in designing complex DeFi architectures tailored to market needs.
Nathan Zeitoun - Co-Founder & COO (Linkedin)
Nathan leads growth, strategy, and partnerships. As the operational pillar, he brings proven expertise in scaling ambitious projects from his success at Staky.io.
Aymeric Moehn - CTO (Linkedin \\ Github)
As the lead architect and full-stack Web3 developer, Aymeric specializes in multi-chain infrastructures and smart contract security to guarantee a robust platform.
Ambroise Filatriau - Lead Designer (Linkedin)
Ambroise leads visual identity and UX. He turns complex financial mechanics into intuitive interfaces, which is essential for building user trust.
Lucas Lareginie
By lend.xyz
Lend - Tokenized real estate on Stellar