3Jane has integrated with Plaid’s data transfer network, allowing cryptonative borrowers to securely link their bank and centralized exchange (CEX) accounts across more than 12,000 U.S. financial institutions. With visibility into offchain cash, crypto, and income 3Jane can offer significantly higher USDC credit lines based on a borrower’s complete financial profile.
This milestone is a major step toward realizing our mission of building an internet-native financial system backed by future growth. We expand on this vision in our introduction post.
Bringing +$1T soft collateral into crypto
Currently, 3Jane can underwrite against all DeFi assets: farms, majors, altcoins, stables, staking, restaking, money market, DEX LP, CDP, derivatives DEX (hyperliquid), bridge, NFT, SoFi, RWA assets and more across all EVM chains. Today, that amounts to roughly $122B+ in TVL.
With this Plaid integration, 3Jane now gets visibility into:
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$400B+ in crypto assets custodied on U.S. crypto exchanges like Coinbase, Kraken, and Gemini
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$17T+ in demand deposits held in U.S. commercial banks like JP Morgan Chase, Bank of America, etc.
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$23T+ in U.S. annual income
This allows 3Jane to underwrite against both onchain and offchain capital, turning previously siloed assets into soft collateral without requiring liquidation, custody transfer, or onchain movement of funds. For the first time, assets held across banks and and centralized exchanges can now be referenced in a trust-minimized, privacy-preserving way to boost borrowing capacity within DeFi.
Verifiability via zkTLS
Zero-knowledge TLS (zkTLS) allows one to obtain and prove the provenance of arbitrary HTTPS traffic, and without revealing personal identifiable information associated with that HTTPS session.
3Jane leverages Reclaim protocol, which uses the proxy model, in order to fetch and prove the integrity of Plaid API responses without introducing additional trust assumptions on the user or protocol itself. Furthermore, 3Jane will utilize EigenLayer’s cryptoeconomic security to ensure a collusion resistant set of designated verifiers that scales with credit line sizes. Proofs will be posted onchain, giving depositors transparency into offchain assets. Read more in our whitepaper.
More than $1 trillion in offchain assets can now be underwritten against onchain, enabling 10x credit expansion and laying the groundwork for true credit creation at internet scale.
Timeline