{"version":1,"id":"benjamin-sarquis-peillard","title":"Benjamin Sarquis Peillard","summary":"Benjamin Sarquis Peillard is a person that is a founder and CEO working on crypto credit, stablecoins, and blockchain-based lending and collateral solutions.","content":"**Benjamin Sarquis Peillard** is a finance and [digital assets](https://iq.wiki/wiki/digital-assets) professional with experience spanning corporate and investment banking and [blockchain](https://iq.wiki/wiki/blockchain)-focused projects. He is currently Founder and CEO of CAP, having previously worked in a [stablecoins](https://iq.wiki/wiki/stablecoin)-focused role and as a Corporate & Investment Banking Analyst at Citi. [\\[5\\]](#cite-id-ZRFHYhKF5aPiywGS) \n\n## Education\n\nPeillard graduated from Georgetown University with a Bachelor’s in Finance in 2020. [\\[1\\]](#cite-id-dwlylnvakw) \n\n## Career\n\nPeillard began his career at Citi as a Corporate & Investment Banking Summer Analyst in the Global Power and Utilities group before joining Hashing Systems as Finance Lead, where he worked on [blockchain](https://iq.wiki/wiki/blockchain)-related projects including a wrapped HBAR token on [Ethereum](https://iq.wiki/wiki/ethereum), a Hedera Hashgraph IDE, a web-browser wallet, and the Hash Name Service. He later returned to Citi as a Corporate & Investment Banking Analyst in the Global Power and Utilities group and subsequently worked on [stablecoins](https://iq.wiki/wiki/stablecoin) at a stealth company. Peillard is currently Founder and CEO of CAP, a role he has held since 2024. [\\[1\\]](#cite-id-dwlylnvakw) \n\n## Interviews\n\n### Onchain Private Credit\n\nIn a June 2026 interview with Coinage, Peillard discussed the development of on-chain credit and the need to connect [crypto](https://iq.wiki/wiki/cryptocurrency)-based lending with real-world debt markets. He described CAP as a credit platform designed to connect companies and lenders through [smart contracts](https://iq.wiki/wiki/smart-contract), with the goal of making credit markets more transparent and automated than traditional private credit structures. Peillard explained that CAP’s model would operate as a marketplace of borrowers and underwriters, using assets such as [Bitcoin](https://iq.wiki/wiki/bitcoin) and gold as [collateral](https://iq.wiki/wiki/collateral) while allocating risk and incentives through [smart contracts](https://iq.wiki/wiki/smart-contract). He also discussed CAP’s planned platform token, which would provide governance and revenue-sharing functions, and described the broader [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) market as moving toward greater institutional participation, regulatory clarity, and applications with direct economic utility. [\\[2\\]](#cite-id-zor6gv779m) \n\n[YOUTUBE@VID](-YJbLdK6xiU)\n\n### Yield and Stablecoins\n\nIn an October 2025 interview on the [Epicenter Podcast](https://iq.wiki/wiki/epicenter-podcast), Peillard discussed [stablecoin](https://iq.wiki/wiki/stablecoin) design, risk management, and the role of trust and regulation in the [cryptocurrency](https://iq.wiki/wiki/cryptocurrency) industry. He described the evolution of [stablecoins](https://iq.wiki/wiki/stablecoin) from algorithmic and collateralized-debt models toward yield-bearing and bank-backed structures, which he associated with greater emphasis on compliance and scalability. Peillard explained CAP’s two-product structure, consisting of CUSD as a non-yielding [stablecoin](https://iq.wiki/wiki/stablecoin) and SDCUSD as a yield-generating product, and discussed the use of restaking, third-party risk assessment, and legal agreements as components of its risk-management framework. The conversation also covered [stablecoin](https://iq.wiki/wiki/stablecoin) interoperability, the role of guarantees and trust in scaling [blockchain](https://iq.wiki/wiki/blockchain) systems, the potential development of restaking as a decentralized validation mechanism, and the impact of regulation and competition on [stablecoin](https://iq.wiki/wiki/stablecoin) innovation. [\\[3\\]](#cite-id-v00y6hcbzo) \n\n[YOUTUBE@VID](HGgkm9TMRvI)\n\n## Presentations\n\n### NEXUS\n\nAt [TOKEN2049](https://iq.wiki/wiki/token2049) in October 2025, Peillard presented the CAP’s approach to generating insured yield through real-world credit and shared-security markets. He explained that CAP leverages networks such as [EigenLayer](https://iq.wiki/wiki/eigenlayer), [Babylon](https://iq.wiki/wiki/babylon), and [Symbiotic](https://iq.wiki/wiki/symbiotic) to underwrite risk, while combining U.S. dollar assets with unsecured institutional credit to generate potentially higher yields than traditional dollar-denominated assets. Peillard argued that CAP’s exposure to unsecured credit makes it less sensitive to declining interest rates and described the protocol’s goal of giving retail users simpler access to insured private credit alongside the marginal yield available from U.S. Treasuries. He identified [smart-contract](https://iq.wiki/wiki/smart-contract) vulnerabilities and collateral quality as key risks, with major assets such as [Bitcoin](https://iq.wiki/wiki/bitcoin) and [ETH](https://iq.wiki/wiki/ether-eth) serving as important forms of collateral, and described liquidation mechanisms modeled on existing [DeFi](https://iq.wiki/wiki/defi) systems. Looking ahead, he outlined plans to connect CAP with additional liquidity sources, including restaking networks, [DeFi](https://iq.wiki/wiki/defi) protocols, and traditional asset managers, while emphasizing fixed real yields on [Bitcoin](https://iq.wiki/wiki/bitcoin) and [ETH](https://iq.wiki/wiki/ether-eth) as a core part of the platform’s positioning. He also described CAP’s pricing model as dynamic and automated, with borrowing costs determined by market benchmarks such as U.S. Treasury rates and utilization rather than discretionary human decisions. [\\[4\\]](#cite-id-xh5zdyrjys) \n\n[YOUTUBE@VID](N-0aY3jxbmA)\n","categories":[{"id":"people","title":"people"}],"tags":[{"id":"Founder"},{"id":"Bitcoin"},{"id":"Ethereum"}],"images":[{"id":"QmQqgtYyWSg8JJ8yA6CQXxiXq1S6Zgqr31z5dQ7gYnPVuv","type":"image/jpeg, image/png"}],"media":[{"id":"https://www.youtube.com/watch?v=-YJbLdK6xiU","name":"-YJbLdK6xiU","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=-YJbLdK6xiU","caption":""},{"id":"https://www.youtube.com/watch?v=HGgkm9TMRvI","name":"HGgkm9TMRvI","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=HGgkm9TMRvI","caption":""},{"id":"https://www.youtube.com/watch?v=N-0aY3jxbmA","name":"N-0aY3jxbmA","source":"YOUTUBE","thumbnail":"https://www.youtube.com/watch?v=N-0aY3jxbmA","caption":""}],"metadata":[{"id":"github_profile","value":"https://github.com/BenjaminHS"},{"id":"website","value":"https://www.cap.app/"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/capapp"},{"id":"references","value":"[{\"id\":\"dwlylnvakw\",\"url\":\"https://www.linkedin.com/in/benjaminsarquispeillard/\",\"description\":\"LinkedIn profile listing his roles and education\",\"timestamp\":1788269259573},{\"id\":\"zor6gv779m\",\"url\":\"https://www.youtube.com/watch?v=-YJbLdK6xiU\",\"description\":\"Coinage interview describing on-chain credit work\",\"timestamp\":1788269259573},{\"id\":\"v00y6hcbzo\",\"url\":\"https://www.youtube.com/watch?v=HGgkm9TMRvI\",\"description\":\"Peillard on CAP's CUSD and SDCUSD products\",\"timestamp\":1788269259574},{\"id\":\"xh5zdyrjys\",\"url\":\"https://www.youtube.com/watch?v=N-0aY3jxbmA\",\"description\":\"Peillard on combining dollar assets with unsecured credit\",\"timestamp\":1788269259574},{\"id\":\"ZRFHYhKF5aPiywGS\",\"description\":\"CAP\",\"timestamp\":1788269392776,\"url\":\"https://www.cap.app/ \"}]"},{"id":"previous_cid","value":"QmSvKRz2CSgGDRGg41RzBBki99sNmbEJ7yJTtYgU1bvoZ2"},{"id":"commit-message","value":"Apply minor edits to Benjamin Sarquis Peillard page"},{"id":"previous_cid","value":"QmSvKRz2CSgGDRGg41RzBBki99sNmbEJ7yJTtYgU1bvoZ2"}],"events":[{"type":"DEFAULT","title":"Founded Cap (Cap launch)","date":"2024-01-01","description":"Launched Cap; Benjamin Sarquis Peillard is identified as Founder and CEO.","link":"https://www.securities.io/benjamin-sarquis-peillard-founder-and-ceo-of-cap-interview-series/","multiDateStart":null,"multiDateEnd":null,"id":"c14ff974-c5f8-4d33-8ac2-40f26906264c"},{"type":"DEFAULT","title":"Panelist at Stable Summit NYC","date":"2026-06-01","description":"Appeared as a panelist at Stable Summit NYC.","link":"https://www.confbase.com/speakers/benjamin-sarquis-peillard","multiDateStart":null,"multiDateEnd":null,"id":"b5a12a40-eaf7-43b9-a768-25395bb9763b"},{"type":"DEFAULT","title":"Featured / clip on NYSE floor regarding private credit insights","date":"2026-05-01","description":"Shared a clip from an appearance on the NYSE floor about private credit (posted via Cap's LinkedIn).","link":"https://www.linkedin.com/posts/capapp_here-is-the-full-clip-of-benjamin-sarquis-activity-7465498539104649217-dH0o","multiDateStart":null,"multiDateEnd":null,"id":"687775d4-bbe8-46c0-b327-34fe9ce64b36"},{"type":"DEFAULT","title":"Featured on Yahoo Finance / Coinage regarding on-chain private credit","date":"2026-06-01","description":"Post indicates coverage/appearances on Yahoo Finance and Coinage regarding on-chain private credit and Cap.","link":"https://www.linkedin.com/posts/capapp_cap-founder-and-ceo-benjamin-sarquis-peillard-activity-7474099289103962113-wBZD","multiDateStart":null,"multiDateEnd":null,"id":"2e4119d9-3ffd-4aac-8f59-348a90a3d4d7"},{"type":"DEFAULT","title":"Appearance on the Schwab Network discussing the Clarity Act","date":"2026-08-01","description":"Appeared on the Schwab Network to discuss the Clarity Act (posted via Cap's LinkedIn).","link":"https://www.linkedin.com/posts/capapp_our-founder-benjamin-sarquis-peillard-appeared-activity-7496596135503998979-X1aU","multiDateStart":null,"multiDateEnd":null,"id":"6be58746-d16a-4821-97cc-907d8c9adc43"},{"type":"DEFAULT","title":"Featured in Fintech Bloom / Cap marketing post","date":"2026-05-01","description":"Cap promotional / feature post sharing how Cap is addressing private credits transparency (posted via Cap's LinkedIn).","link":"https://www.linkedin.com/posts/capapp_how-cap-is-fixing-private-credits-transparency-activity-7460067450722668545-qm4O","multiDateStart":null,"multiDateEnd":null,"id":"4625d9d3-7488-4434-9411-06547fb8b3b2"}],"linkedWikis":{"founders":[],"blockchains":[],"speakers":[]},"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"},"language":"en","operator":{"id":"0xacb6c5AD52b8f605299B0d774CE97F26e3DB80c2"}}