Liqi

Liqi receives a C+ risk grade (36/100) from Hindenrank, where lower scores indicate lower risk. Liqi represents an interesting frontier in emerging market RWA tokenization, backed by institutional players like Itau. However, the primary risks are real-world credit and regulatory, not blockchain-related. Suitable for investors comfortable with Brazilian credit exposure who value blockchain transparency in traditionally opaque credit markets. Liqi is a Brazilian fintech platform that tokenizes real-world assets like private credit, receivables, corporate debt, and agribusiness instruments. Operating under Brazilian financial regulations (CVM/BACEN), Liqi has issued over $100 million in tokenized assets on the XDC Network blockchain, with a $500 million target for 2026. Backed by Kinea Ventures (Itau Unibanco's VC arm), the platform combines traditional credit origination with blockchain-based issuance and trading.

The key risks identified for Liqi are: (1) You are exposed to real-world credit risk from Brazilian borrowers - if they default, you lose money (2) Brazilian regulations may change, potentially freezing your tokenized asset positions (3) XDC Network has lower adoption than Ethereum, meaning limited secondary market liquidity (4) Aggressive growth targets may lead to looser credit standards to fill the pipeline

Liqi scores 36/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 6/20, Oracle Surface: 2/10, Documentation Gaps: 5/10, Track Record: 4/15, Scale Exposure: 5/10, Regulatory Risk: 8/10, Vitality Risk: 3/10. The highest risk area is Regulatory Risk at 8/10.

Among 72 rated RWA protocols on Hindenrank, Liqi ranks #33 by safety (lowest risk score = safest). Its 36/100 risk score and C+ grade place it in the middle tier of RWA protocols.

Liqi scores 4/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.