while retaining upside exposure. Obsidian Black designs and arranges these transactions, aligning terms across borrowers, lenders and market infrastructure.

Its core activity sits at the intersection of treasury management and capital markets. The firm supports the full lifecycle of a transaction: evaluating collateral profiles, structuring loan terms, coordinating counterparties, and guiding execution. Typical mandates involve overcollateralized, asset-backed financing with fixed terms and clearly defined risk parameters.

Obsidian Black operates alongside institutional capital providers, including family offices and specialized lenders, and works within established custody and risk frameworks. Transactions are structured to be non-directional, with emphasis on capital preservation, liquidity access and operational clarity for treasury teams.

The firm does not operate as a retail platform. Its focus is on bespoke, high-value transactions where structuring, counterpart selection and execution materially affect outcomes.