DAY 00
London · Buyer's trading desk
The enquiry arrives sealed.
A European fuel distributor needs 50,000 MT of EN590 10ppm per month, CIF Rotterdam, twelve-month term. The requirement reaches Luanica directly — and goes no further. No blast emails, no broker chains, no name in circulation.
ICPO received
NCNDA executed
KYC pack opened
DAY 03
Fujairah · Refinery mandate's office
The product is proven first.
Luanica works its refinery relationships, not a database. The mandate's authority is confirmed with the refinery directly; tank receipts and the analysis certificate are pulled and checked line by line. Only proven product moves to the next waypoint.
Proof of ProductVERIFIED
Tank storage receiptVERIFIED
Certificate of analysisVERIFIED
Mandate authority letterVERIFIED
DAY 05
Principals connected · Contracts signed
Two verified parties. One handshake.
With both sides proven, Luanica steps back and connects the principals directly — protections signed, roles documented. Buyer and seller negotiate price basis (Platts FOB Med + premium), inspection and the SBLC — desk to desk, no chain in between.
B
The Buyer
European distributor · verified funds
S
The Seller
Refinery mandate · verified product
DAY 09 → 21
Port of Fujairah → Port of Rotterdam
Steel on water.
SGS takes quantity and quality at the loading arm; the bill of lading issues; the SBLC sits confirmed at the buyer's bank. The MR tanker clears Fujairah anchorage with 50,000 MT verified on board — twelve days via Suez to the ARA hub.
Bill of Lading issued
SBLC MT760 confirmed
Vessel Q88 shared
DAY 24
Rotterdam · Discharge complete
Settlement, then silence.
SGS confirms outturn at the discharge port; the SBLC releases bank-to-bank between the principals. Luanica held no funds and took no title at any point. The file closes, the lifting schedule rolls to month two — and nobody outside the deal ever knew it happened.
Outturn confirmed
Funds released MT103
Month 2 nominated
DAY 00
Mine gate · East Africa
The mandate arrives sealed.
An aggregator holds 250 kg of doré per month and needs a refinery relationship it can trust. The mandate reaches Luanica with assay reports and export permits attached — and is shown to no one until every document survives checking.
Assay report received
Export permit sighted
NCNDA executed
DAY 04
On the ground · Provenance check
Assayed at the source.
Provenance is walked backwards to the pit: licences, ownership chain, export history. An independent assay confirms fineness at the mine gate. Only when the chain of custody is unbroken does the refinery hear a name.
Independent assayVERIFIED
Mining licence & ownershipVERIFIED
Export documentationVERIFIED
DAY 08
Secure air freight → Dubai refinery
Vault to vault.
Secure logistics lift the lot under seal — customs cleared, insured door-to-door, never out of a vault or a bonded chain. The refinery receives it against a signed refining agreement negotiated directly between the principals.
Sealed & insured transit
Customs cleared
Refining agreement signed
DAY 12
Refinery outturn · Settlement
Refined, settled, done.
The refinery confirms outturn at 999.9; payment releases bank-to-bank against the outturn report. Bars carry serial numbers into the vault, the monthly cycle rolls on — and the relationship compounds for the next lot.
Outturn 999.9 confirmed
Funds released MT103
Lot 08 nominated
HOUR 00
A fund's trading desk · Zug
The block arrives sealed.
A fund needs to move a nine-figure BTC position without touching an order book. The requirement reaches Luanica directly: size, direction, settlement preference. It is never posted, never shopped, never hinted at in a chat group.
Mandate confirmed
NDA executed
Proof of assets sighted
HOUR 12
Counterparty qualification
Desks verified, both sides.
The natural buyer is another institution, not a market. KYC and AML run on both desks; provenance of coins and provenance of funds are checked with the custodians directly. Unverifiable parties never hear the size.
KYC / AML — both desksVERIFIED
Coin provenance — custodianVERIFIED
Proof of funds — bankVERIFIED
HOUR 36
Terms agreed desk-to-desk
Terms and escrow.
Price is fixed against a reference window; the block is split into tranches; a settlement agent and escrow structure are agreed in legal documentation. Both desks know exactly what happens, in what order, at what minute.
Reference pricing fixed
Tranche schedule set
Escrow docs signed
HOUR 48
Atomic settlement · Complete
Simultaneous settlement.
Coins and fiat move simultaneously through the settlement agent, tranche by tranche. No order book ever saw the size; the market never moved. Luanica held nothing at any point — and both desks now know where to come next time.
All tranches settled
Zero market impact
File closed