EverChain Exchange has announced the sale of a $1.2 billion consumer debt portfolio to certified buyers on its platform.
EverChain, which describes itself as a compliant-focused debt exchange, provides creditors with a marketplace to sell debt portfolios to qualified buyers. The platform aims to offer a competitive environment for sellers to achieve optimal returns.
According to EverChain CEO Matthew Wratten, the platform is designed to allow creditors to sell debt “confidently in a simple, transparent marketplace built with compliance at its core.” Wratten added that it serves as a competitive debt market for both experienced institutions and first-time participants.
The exchange supports the entire debt sale process, from portfolio preparation and competitive auctions to closing, funding, and automated due diligence. This comprehensive approach allows creditors to maintain compliance and post-sale control using their existing teams without additional cost.
Last year, U.
S. lenders charged off over $200 billion in consumer debt. EverChain Exchange stated it has played a role in assisting creditors with the liquidation and resolution of this segment of the credit ecosystem. The company positions itself as one of the largest facilitators of compliant debt-sale solutions in the market.
EverChain aims to be a modern exchange for the debt economy, enhancing efficiency, visibility, and accountability across the pre-sale, sale, and post-sale lifecycle within a single, unified marketplace.
