Real PC, a financial technology startup, has announced the successful launch of its pilot program, which leveraged proprietary artificial intelligence (AI) and blockchain technology to detect and prevent fraud in private credit transactions. The pilot uncovered multiple instances of double and triple pledging of the same assets within several private credit collateral classes, including high-value art and the high-volume automotive lending sector.
The company’s core mission is to replace opaque trust with immutable truth, creating a secure and transparent pipeline designed to protect lenders from losses and expand financing access to underserved consumers and small business owners. The pilot program specifically focused on the common form of private credit fraud where an originator or borrower pledges the same collateral to multiple lenders without disclosure.
Cole Snell, Founder and CEO of Real PC, stated, “The current private credit ecosystem is operating on a foundation of trust that has proven deeply fragile and exclusionary. High-profile bankruptcies, such as the recent collapse in the subprime auto lending space, show that the entire industry—from the largest banks to the most vulnerable borrowers—is exposed to systemic failure.” He added that the pilot’s findings demonstrate their AI-powered, blockchain-secured platform is “a necessary fix that is solving the problems of decades-old infrastructure today.”
Real PC’s solution provides an immediate, auditable, and immutable record of asset ownership via tokenization, offering an early warning system. The pilot successfully demonstrated the platform’s ability to detect dual pledging, flagging instances where the same collateral (such as a vehicle’s VIN or a piece of high-value art) was used to secure separate lending agreements. By integrating blockchain-level accountability, the technology aims to provide a single, unchangeable source of truth for asset ownership and lien status, thereby reducing counterparty risk for commercial banks, warehouse lenders, and private credit firms.
Real PC was founded on the principle that the democratization of private credit is essential for U.
S. economic competitiveness. Legacy systems, financial jargon, and traditional gatekeeping have historically excluded segments like those with lower FICO scores or small business owners, often leading them into predatory financing arrangements. Snell referenced the “Tricolor case” as an example of the industry’s failures, noting that such incidents result in significant losses for both individuals and large institutions.
By offering its platform to asset originators for free, Real PC seeks to reduce friction and create efficiencies to enable more capital in non-bank environments to flow safely and affordably. The company is actively positioning itself as a thought leader on modernizing financial law, including Article 12 and the Uniform Commercial Code (UCC), advocating for how asset securitization and perfection can be strengthened through blockchain and AI.
Snell concluded, “Our technology is already working to solve a massive, growing financial bubble. Real PC is committed to providing a transparent, regulated, and tech-first pipeline that drastically reduces fraud, protects institutions, and finally allows a wider range of Americans to access the vital financing they need to build their businesses and their lives.” The platform is now available to private credit asset originators of all types, as well as commercial banks, warehouse lenders, and private credit firms.
