SPADE is a Claremont-based fintech startup addressing inefficiencies in the securitization industry. Building on conversations with experts across residential mortgage-backed securities (RMBS), the Clinic team developed a prototype web app that creates a token— or digital barcode—for each loan, allowing more efficient updates and transfers of these individual assets. The team also supported baseline analysis, including risk-related insight into the individual loans that back RMBS portfolios.