Distributed ledger lending

A system for lending comprising:

• a computer processor and a computer memory device, wherein the system is configured to communicate with a distributed ledger technology computer system that includes multiple computing nodes, each computing node storing a copy, or a portion thereof, of a transaction history of the distributed ledger technology computer system, with the computer memory device containing computer-readable instructions directing the processor to:
• receive a digital representation of an executed loan instrument, the executed loan instrument memorializing a loan agreement with a borrower;
• upload the digital representation of the executed loan instrument to a data store;
• generate a cryptographic hash of the digital representation;
• cause a loan record to be generated at a first transaction record of the transaction history of the distributed ledger technology computer system, the first transaction record comprising a reference to a token-managing distributed ledger technology smart contract, wherein the token-managing distributed ledger technology smart contract identifies a loan payment obligation and the cryptographic hash of the digital representation;
• cause a loan-specific distributed ledger technology smart contract or a loan-specific digital wallet to be generated at a second distributed ledger technology transaction record, wherein said loan-specific distributed ledger technology smart contract or said loan-specific digital wallet is associated with a loan-specific digital address and with the token-managing distributed ledger technology smart contract;
• perform a compliance check or cause a compliance check to be performed, the compliance check determining if a prospective payor is approved to make a payment on behalf of the borrower;
• if the prospective payor is approved to make the payment, track a payment received from the prospective payor against a loan obligation using a digital token inside the token-managing distributed ledger technology smart contract;
• cause the digital token to be transferred to the loan-specific digital address, thereby causing the token-managing distributed ledger technology smart contract to evaluate the loan obligation against a balance owed.

A computer-implemented method for lending, comprising:

• receiving a loan application from a prospective borrower;
• assessing creditworthiness of the prospective borrower;
• executing a loan instrument for a loan to the borrower;
• uploading a digital representation of the loan instrument to a data store;
• generating a cryptographic hash of the digital representation;
• at a distributed ledger interaction module, causing a loan record to be generated at a first distributed ledger technology transaction record, the first transaction record comprising a reference to a token-managing distributed ledger technology smart contract, wherein the token-managing distributed ledger technology smart contract identifies a loan payment obligation and the cryptographic hash of the digital representation;
• at the distributed ledger interaction module, causing a loan-specific distributed ledger technology smart contract or a loan-specific digital wallet to be generated at a second distributed ledger technology transaction record, wherein said loan-specific distributed ledger technology smart contract or said loan-specific digital wallet is associated with a loan-specific digital address and with the token-managing distributed ledger technology smart contract;
• issuing a loan obligation to the prospective borrower, thereby developing the prospective borrower into a borrower;
• performing a compliance check or causing a compliance check to be performed, the compliance check determining if a prospective payor is approved to make a payment on behalf of the borrower;
• if the prospective payor is approved to make the payment, receiving a payment from the prospective payor, the payment comprising an obligation portion and a speculation portion;
• at a settlement module, tracking the payment against the loan obligation using a digital token inside the token-managing distributed ledger technology smart contract;
• at the distributed ledger interaction module, causing the digital token to be transferred to the loan-specific digital address, thereby causing the token-managing distributed ledger technology smart contract to evaluate the loan obligation against a balance owed.