Draw up a capital request.

State what your business needs. In the next article you will set, precisely, what an agent may do about it — and compose a portable draft of that authority. Drafts stay on this device until you explicitly save them to an account. Nothing is transmitted on page load, while drafting, or at review — and never to any third party.

Article I

The Request

$
days
Drafts stay on this device until you explicitly save them to an account.
Article II

The Authority

The mandate is the instrument that says, provably, what an agent acting for you may do. Grant narrowly. Everything below is revocable at will.

Permitted acts — granted by you

Never delegable — locked in v1

personal_guarantee

Only you can pledge yourself. An agent cannot.
confession_of_judgment

Refused by default, everywhere, categorically.
notarial_act · signature_as_principal

Ceremonies belong to humans. The agent orchestrates; you execute.
§ 2.2

Bounds

$
% APR-equiv
days
max
Submission review
Standing clause — revocation Revocable at will. Revoking is recorded in our systems within five seconds, and capital.new refuses every further act under this authority. It does not reach out and halt your agent: the clause below is what your instrument asks of your agent, and enforcing it against a counterparty is a later capability we do not have today. Executed contracts and completed payments are not undone. Every submission is serialized and declared — concurrent applications are disclosed, never hidden.
Article III

The Instrument

Read it as a lender's counsel would. Then compose it — your device computes the draft's SHA-256 digest and prints you a receipt for those bytes, all of it here, none of it sent. That digest is the fingerprint anyone holding a copy can recompute to see the copy is unaltered. Minting is the separate, account-bearing passkey ceremony below.

Capital Authority Mandate

Draft · unsigned · v1

capital.newdraft — unsigned
instrumentCapitalAuthorityMandate/v1
drafted (utc)—
principal—
request—
SHA-256 digest — recompute it anywhere
…
Created on your device. Transmitted only if you explicitly save it to your account. Not a signature, an application, or an offer of credit — a draft of authority, portable and revocable.

What this is — and is not (v1)

  • On your device by default. No draft leaves this page until you save, mint, or sign in — no analytics, no beacons, no autosave, no cookies until you create an account. Anonymous, the page talks to no one: every asset it loads — typefaces included — comes from capital.new, it calls no APIs, and nothing you type is transmitted at all. Signed in, opening it reads your session and lists your saved drafts, and nothing more.
  • Saving is explicit. An account stores your drafts so you can resume, mint, and revoke — nothing is sent until you act. A save sends the draft you see and how long the ceremony took; both are appended to a hash chain, each entry hashed over the one before it.
  • Tamper-evident, which is not tamper-proof. We re-derive the whole chain from its stored fields on a schedule, so a row edited out of band — by a privileged operator, a restored backup, a migration run by hand — surfaces as a broken link instead of a quiet change. What we cannot yet claim is independence: the chain is ours and the re-derivation is ours, so until its head is published somewhere outside our control, the check rests on us running it honestly. Removing entries from the end leaves the remaining links intact and moves only the count, which is why the count is published for you or anyone else to watermark. An external anchor is later work, and is named as owed rather than implied to exist.
  • Minted here means platform-witnessed. A mint is your passkey ceremony, with user verification, recorded in a tamper-evident ledger; portable signed credentials come later, and nothing here pretends otherwise.
  • Not credit advice, not an offer, not an application. A statement of authority, drafted.
Saved

Your drafts

Held in your account under your passkey. Open a draft and you land back in the ceremony with every field as you left it — nothing here is a dashboard.

Annex

Verify a draft

Paste a mandate draft. Your device recomputes its digest and compares it to the one embedded in the file — the same replay any counterparty would run. Nothing is uploaded. What a match establishes is that the file is whole: unaltered since its own digest was taken. It is not evidence of a mint, because both the bytes and the digest being compared come from the file in front of you.