AAA Gulf Loan ETF

Conservative YieldTokenized · On-chain

Tokenized exposure to a pool of AAA / top-tier loans issued by leading Middle Eastern banks. Diol ingests the underlying loan tape, runs daily risk analytics, and controls on-chain settlement so mint / burn flows stay within policy.

Modeled on BUIDL, but with AAA Gulf bank loans as the underlying.

Current net yield

5.2% p.a.

Based on last 30 days of coupons / profit share.

NAV per token

1.02 USD

NAV accretes as interest is received and reinvested.

Liquidity profile

T+1 redemptions

Daily windows; subject to Diol-enforced liquidity buffers.

Loan pool composition

Snapshot of the underlying loan pool by country and rating band. All values are illustrative and would be driven by the live loan tape in production.

CountryPool %RatingTypical issuerAvg maturity

🇦🇪UAE26%AA-Sovereign / SOE-heavy1.5–3.0 yrs

🇸🇦Saudi Arabia24%A+Sovereign / SOE-heavy1.5–3.0 yrs

🇶🇦Qatar18%AA-Sovereign / SOE-heavy1.5–3.0 yrs

🇰🇼Kuwait12%A+Sovereign / SOE-heavy1.5–3.0 yrs

🇧🇭Bahrain10%ASovereign / SOE-heavy1.5–3.0 yrs

🇴🇲Oman10%ASovereign / SOE-heavy1.5–3.0 yrs

Diol enforces country and rating limits before any subscription, rebalancing, or redemption is processed on-chain.

Issuer mix

High-grade sovereigns and SOEs dominate the pool, with a capped allocation to top-tier corporates.

GCC Sovereign Facilities

Sovereign · Multi-GCC

38%AA- (avg)

Strategic SOE Infrastructure Loans

SOE · UAE / KSA

27%A+ (avg)

Tier-1 Corporate Revolvers

Corporate · UAE / Qatar

21%A (avg)

Short-term Interbank Placements

SOE · GCC

14%A+ (avg)

Corporate exposure is constrained by Diol policies and monitored via Baseline and Stress Packs.

Diol risk & policy guardrails

These rules must remain satisfied for subscriptions, rebalances, and redemptions to execute on-chain. If a rule is breached, Diol can pause new flows until the pool is back in bounds.

Max country concentration

≤ 30% per single country

Min weighted-average rating

≥ A+

Max weighted-average maturity

≤ 3.0 years

Min liquidity buffer (cash/T-bills)

≥ 5% of NAV

Watch

Risk analytics are powered by Diol Baseline Monitoring and Stress Packs, using loan-level and macro scenarios specific to the GCC region.

Diol as settlement & control plane

How bank loans turn into on-chain ETF shares, with Diol in the loop at each step.

Banks originate & service loans. Facilities are booked on the bank and SPV ledgers; cashflows are remitted to the ETF SPV.
Diol ingests the loan tape daily. It reconciles balances, coupons, and covenants, and updates exposure and risk metrics.
Baseline & stress analytics run. Diol simulates rate shocks, spread widening, and regional stress to keep a forward view on risk.
On-chain settlement is gated by policy. If all rules are satisfied, Diol signs off on mint/burn flows on MANTRA; otherwise, flows can be slowed or paused.
Investors hold a clean on-chain share. Subscriptions / redemptions occur in USDC / AIUSD; accounting and NAV live in the SPV; transparency and control live in Diol.