Traditional payment guarantees, rebuilt for crypto.

SmartLC brings the core function of a traditional banking Letter of Credit onchain. Lock digital assets, define settlement conditions, verify funding, and settle through programmable contracts on Robinhood Chain.

Create SmartLC Explore protocol
SmartLC software is not a bank and does not issue bank letters of credit. See the protocol disclosures.
SLC-2026-00124
Irrevocable terms · Onchain settlement
Funded & Active
Amount
1,250,000 USDC
Beneficiary
Global Supplies Ltd.
Applicant
Oceanic Traders Inc.
Expiry
31 Dec 2026
✓
Funded & Active
Settlement conditions pending
Conditions
3 milestones
Locked value
1,250,000 USDC

Traditional Banking LC

  • Issuing and confirming banks
  • Manual document presentation
  • Correspondent banking fees
  • Restricted operating hours
  • Settlement through banking networks
VS

SmartLC

  • Locked digital assets
  • Programmable settlement conditions
  • Direct wallet-to-wallet settlement
  • 24/7 availability
  • Onchain auditability

How it works

A SmartLC starts with a clear payment commitment. The applicant defines the amount, beneficiary, expiry, conditions, and dispute process before assets are committed.

01

Lock funds

Commit the agreed settlement asset to the SmartLC escrow smart contract.

02

Set conditions

Define measurable milestones, onchain events, or approved verification requirements.

03

Verify completion

Parties, authorized verifiers, or onchain logic confirm that the conditions are met.

04

Settle onchain

Release the settlement asset to the beneficiary according to the SmartLC terms.

24/7 Settlement

Designed for global wallet-based commerce.

Verifiable Funding

Funding state can be audited onchain.

Stablecoin Based

Use USDC and other supported assets.

Programmable

Conditions can use onchain and external verification.

Built for global commerce

Traditional banking Letters of Credit focus on commercial trade. SmartLC extends the payment guarantee model to digital commerce, services, DAOs, tokenized assets, and cross-border transactions.

Cross-border trade

Give suppliers a verifiable payment commitment before shipment, with delivery and document conditions defined in advance.

Freelancers

Secure project budgets before work begins and release stablecoin payments as milestones are approved.

DAOs & grants

Fund proposals upfront while tying releases to transparent governance and deliverables.

OTC transactions

Coordinate conditional settlement for large digital asset transactions between known counterparties.

Audits & development

Protect both sides of high-value technical engagements with milestone-based settlement.

RWA transactions

Connect tokenized real-world asset workflows to clear payment and verification conditions.

Make payment commitments verifiable.

Open the SmartLC application to create, view, and manage programmable payment guarantees on Robinhood Chain.

Create SmartLCOpen LC