Accountable, a verification firm serving crypto institutions, is entering a second phase aimed at helping lenders identify shared exposure to the same borrower before problems spread. CEO @WojtekP of @AccountableData outlined the plan, which the company calls Chapter 2, in a post on X on November 12.
The platform enables crypto firms to prove what they hold and owe without revealing private data. The company says more than 60 institutions use it.
Private Network Aims to Flag Shared Borrowers
The new phase links those firms through a private network. For example, two lenders can discover that they have both extended credit to the same borrower. This has been difficult to address in crypto lending, where each firm sees only its own books.
The proposal builds on a design Accountable has described publicly. In a 2024 technical post, the company said lenders on its platform would be connected in a mesh network. Lender A can verify the signed Merkle Root Hash received by Lender B using their ZK proof, confirming that the liabilities they know about are properly reflected in the data Lender B received, without revealing sensitive information.
The company's co-founder has linked the product to the 2022 credit crisis. According to lending platform Arch's notes for a February 2026 interview, Pawlowski experienced a $36 million default at Maven 11's credit arm during the 2022 crypto unwind, before setting out to rebuild trust in lending.
Vaults V2 Offers Templates for On-Chain Products
Along with the network, Vaults V2 is designed to help institutions launch on-chain loan and fund products using ready-made templates. Accountable's YieldApp already lists vaults on more than ten chains, including @monad, @arbitrum and @avax, with tokens such as $MON, $ARB and $AVAX associated with those ecosystems.
Pawlowski first presented the plan in October. In a FINTECH.TV interview from TOKEN2049 in Singapore, published October 8, he described Accountable V2 as Chapter Two. FINTECH.TV said it builds on the verification layer already used by firms such as Galaxy, K3 and Valos, adding fund administration services, ratings with Rockaway X, and more modular vault infrastructure.
Earlier vault deployments illustrate how the products are used. In July 2026, K3 Capital extended a credit facility to Galaxy through an Accountable vault on Monad, launched with $30 million in committed capital. Accountable's core product is its Data Verification Network, which the company describes as a system that provides real-time proof of assets and liabilities across on-chain and off-chain activity without exposing sensitive data.
Sources
FINTECH.TV: Accountable V2 Is the End-to-End Layer Bringing Institutional Finance On-Chain
Accountable: Unveiling Liabilities and Hidden Accounts in Crypto Lending
FinanceWire: K3 Capital Extends a Credit Facility to Galaxy Through Accountable's Vault Infrastructure on Monad
