8lends is run by two related companies with separate responsibilities. Alpha Systems LLC (Saint Vincent and the Grenadines) is the Web3 platform operator, responsible for smart contract operations (→ Article 1), the interface, and USDC settlements (→ Article 1) as a VASP supervised by the FSA SVG. Maclear AG (Switzerland, Basel) is the Collateral Agent (→ Article 1), responsible for borrower due diligence, collateral assessment, and legal registration under the supervision of PolyReg SRO / FINMA. 8lends is the Web3 evolution of Maclear, using the same borrower assessment team but expanding the model to USDC and the global market.
Two companies – two areas of responsibility
Alpha Systems LLC — Saint Vincent and the Grenadines. 8lends platform operator: smart contracts, interface, USDC settlements, KYC. Regulator: FSA SVG (VASP under VABA 2022).
Maclear AG — Switzerland, Basel. Collateral Agent: borrower due diligence, collateral assessment and registration, debt collection in case of default. Regulator: PolyReg SRO supervised by FINMA.
Separation of responsibilities is a standard approach in Web3 lending: the Web3 infrastructure operates in a crypto jurisdiction, while due diligence of real businesses operates in a traditional financial jurisdiction.
Alpha Systems LLC — Platform Operator
Alpha Systems LLC is a company incorporated in Saint Vincent and the Grenadines as an LLC on November 1, 2024 (registration number 3895 LLC 2024) under the Limited Liability Companies Act (Chapter 151).
Since the entry into force of the Virtual Asset Business Act 2022 (VABA, effective May 31, 2025), the company has operated as a VASP (Virtual Asset Service Provider) under the supervision of the Financial Services Authority (FSA SVG).
Legal Parameters:
— Legal address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG
— Correspondence address: Teichgässlein 9, 4058 Basel, Switzerland (shared with Maclear AG)
— Statutory deposit: EC$100,000 or 25% of liabilities, whichever is greater (VABA requirement)
Alpha Systems’ Area of Responsibility:
— Smart contract operation on the Base blockchain (→ Article 1)
— 8lends platform interface (app.8lends.io)
— USDC settlements
— KYC via Sumsub (→ Article 1)
— AML/CFT compliance (SVG)
For more information about the regulatory framework, see Article 7.1.
Maclear AG — Collateral Agent
Maclear AG is a Swiss company registered in Basel. The legal entity was established in 2020, and the Maclear P2B platform was launched in 2022.
Legal Info:
— Legal address: Teichgässlein 9, 4058 Basel, Switzerland
— Founders: Denis Ustyev, Alexander Lang
— Regulator: Member of PolyReg SRO supervised by FINMA (Swiss Financial Market Supervisory Authority)
— AML Auditor: Grant Thornton AG
Maclear AG’s area of responsibility as Collateral Agent:
— Borrower due diligence: financial stability, credit history, documents
— Collateral assessment and legal registration (RWA)
— Assignment of a credit rating (→ Article 1)
— Monitoring borrower performance
— Sale of collateral in the event of default (→ Article 7.5)
— Legal support for debt collection
Learn more about due diligence in Article 8.
Relationship between 8lends and Maclear
8lends is the Web3 evolution of Maclear. The same borrower assessment team works on both platforms, but the products are different:
Launch — Maclear: 2022 · 8lends: 2025
Currency — Maclear: EUR · 8lends: USDC
Infrastructure — Maclear: fiat / SEPA · 8lends: smart contracts on Base
Region — Maclear: Europe · 8lends: global
Minimum investment — Maclear: €50 · 8lends: 100 USDC
Rates — Maclear: 14–16% · 8lends: 19–25%
Regulation — Maclear: PolyReg SRO / FINMA · 8lends: VASP under FSA SVG + Collateral Agent under PolyReg SRO
Maclear AG plays the same role on both platforms—Collateral Agent, responsible for borrower and collateral due diligence. This gives 8lends a ready-made borrower assessment pipeline with several years of operational experience at launch.
Why this structure?
Two regulatory types give the platform a strong foundation:
— Swiss jurisdiction (Maclear AG): for working with real businesses and collateral. Swiss due diligence standards are considered among the strictest in the world.
— SVG VASP regime (Alpha Systems): for working with virtual assets in a specialized legal framework designed for crypto transactions.
The alternative option, trying to regulate everything under a single jurisdiction, doesn’t work in practice: either the Swiss regulation isn’t suitable for Web3 transactions, or crypto jurisdictions don’t have the developed infrastructure to handle collateral for real businesses.
Frequently Asked Questions
Is Maclear the parent company of 8lends?
No. Maclear AG is a Collateral Agent, performing due diligence and collateral management. The operator of the 8lends platform is Alpha Systems LLC, an independent legal entity in SVG. These are two independent companies with separate areas of responsibility.
If Alpha Systems is in St. Vincent, how serious is the regulation?
St. Vincent and the Grenadines introduced a specialised VASP framework under the Virtual Asset Business Act 2022, which came into force on May 31, 2025 (VASP registration began June 2, 2025). This framework is designed specifically for crypto transactions. Meanwhile, the crucial borrower due diligence is conducted through Maclear AG in Switzerland, which is subject to one of the strictest regulatory systems in the world.
Why does 8lends need SVG if there is Maclear AG in Switzerland?
Swiss financial regulation (PolyReg SRO / FINMA) works well for traditional fiat financing, but Web3 transactions with USDC on the blockchain require a specialized crypto-regulatory framework. The SVG VASP is one such framework. Therefore, the Web3 infrastructure operates through Alpha Systems in SVG, and borrower due diligence is carried out through Maclear AG in Switzerland.
Is it possible to verify the registration of Alpha Systems and Maclear?
Yes. Alpha Systems LLC — registration number 3895 LLC 2024, SVG company register. Maclear AG — Swiss commercial register, registered office Teichgässlein 9, 4058 Basel. Regulatory status can be checked on the FSA SVG and PolyReg SRO websites.
Who makes loan decisions on 8lends?
The decision is made by Maclear AG as the Collateral Agent after completing due diligence. The Alpha Systems/8lends platform provides the technical infrastructure for business listing and fundraising from investors. No loan decisions are made automatically by an algorithm—each business undergoes expert review.
Will Maclear coexist with 8lends?
Yes, both platforms operate in parallel and serve different audiences: Maclear serves European investors with EUR via SEPA, while 8lends serves a global audience via USDC and blockchain. Borrowers can raise funds on one platform or the other, depending on their preferences.
Do Maclear investors have advantages on 8lends?
Investors who have already completed KYC with Maclear can use a simplified process to transfer their verification to 8lends via a special Google form, so there is no need to pass KYC again.
See also: What is 8lends → Article 2. How does the 8lends platform work → Article 4. Is 8lends regulated → Article 7.1. How does 8lends select companies for financing → Article 8. Glossary → Article 1.
Risk Disclosure: Investing on 8lends involves risk, including the possible loss of principal. The absence of platform fees does not reduce the credit risk of the borrower. Returns are not guaranteed. Past performance is no guarantee of future results. 8lends is a platform operated by Alpha Systems LLC, a registered VASP supervised by the FSA of Saint Vincent and the Grenadines. Maclear AG (Switzerland), a member of PolyReg SRO supervised by FINMA, acts as Collateral Agent. Regulatory framework as of May 2026.