> For the complete documentation index, see [llms.txt](https://triple-plus-global.gitbook.io/tpt-whitepaper/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://triple-plus-global.gitbook.io/tpt-whitepaper/products/invoice-factoring.md).

# Invoice Factoring

### The Original Thesis, Held in Reserve

TPT began as decentralized trade finance infrastructure. The founding observation still holds: businesses worldwide hold large volumes of unpaid invoices, assets with real economic value that remain illiquid, while on-chain capital looks for returns backed by real commercial cash flows rather than token emissions.

Invoice factoring is the first planned financial vertical on top of the aggregation and trust stack: businesses convert future receivables into immediate liquidity at a discount, and capital providers earn the spread when payment arrives.

### Why It Sits On Top of the Current Stack

The infrastructure the vertical needs is the infrastructure the agent network is building anyway:

| Requirement          | Provided by                     |
| -------------------- | ------------------------------- |
| Escrowed settlement  | Trust Engine escrow             |
| Default absorption   | Underwriting pool and waterfall |
| Counterparty scoring | Payment-anchored reputation     |
| Dispute resolution   | Staked arbitration              |

Invoice factoring is the first of three planned verticals, followed by supply chain finance and trade finance in sequence. An invoice awaiting payment and an escrowed agent task awaiting verification are the same financial object: a receivable with a face value, a maturity, and a default probability. The network prices the second every day. Pricing the first again, when this vertical activates, is an extension rather than a new system.

{% hint style="info" %}
This vertical is planned and not live. No timeline is committed on this page; sequencing is tracked on the Roadmap.
{% endhint %}