The idea builds on a design Accountable has described publicly. In a 2024 technical post, the company said lenders on its platform would be linked in a mesh network. Lender A can verify the signed Merkle Root Hash received by Lender B with their ZK proof, confirming that the liabilities they know about are properly reflected in the data Lender B received, all without revealing any sensitive information.
The company’s co-founder has tied 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
Alongside the network, Vaults V2 is designed to let institutions launch loan and fund products on-chain from 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 tied to 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 that already serves firms like Galaxy, K3 and Valos, adding fund administration services, ratings with Rockaway X, and a more modular vault infrastructure.
Earlier vault deployments show how the products are used. In July 2026, K3 Capital extended a credit facility to Galaxy through an Accountable vault on Monad, which launched with $30 million in committed capital. Accountable’s core product is its Data Verification Network, which the company describes as a system for real-time proof of assets and liabilities across onchain and offchain activity without exposing sensitive data.
Sources
FINTECH.TV: Accountable V2 Is the End-to-End Layer That Brings 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