The Estate
Holds a defaulted claim it will never realistically chase down.
Onchain Distressed Debt Market
When real-world credit dies, its estate goes to you. Terrn is the market where defaulted claims are listed, priced and settled onchain: sell a claim you will never chase, or buy the recovery no one else will.
What defaults here
Settle the estate of dead debt.
Settle the estate of dead debt.
Onchain Distressed Debt Market
When real-world credit dies, its estate goes to you. Terrn is the market where defaulted claims are listed, priced and settled onchain: sell a claim you will never chase, or buy the recovery no one else will.
What defaults here
Book the loss. Take clean cash today.
Certainty
Take a known price now instead of an uncertain recovery years out.
Clean books
The loss is booked and the burden leaves your balance sheet.
No chase
Skip the legal cost and the multi-year collection process.
