Annex
Electronics Refurbishment Market
Specializes in transforming returned consumer electronics into profitable, refurbished products using Industry 4.0 technologies while creating value for manufacturers, retailers, and consumers.
The Project
Marketplace and payment processing platform for reselling refurbished electronics with business operations software for inventory management, enterprise resource planning, and business intelligence.
Value Proposition
Annex transforms electronics returns into profit centers by managing the entire process, sharing revenue with partners, reducing waste, and making refurbished electronics affordable through efficient, tech-driven solutions. The core innovation is providing a route for institutional capital to participate in the economics of returns and recovery, bypassing traditionally high borrowing rates and market opacity.
Quick Facts
- Focus: Consumer electronics returns and refurbishment
- Approach: Infrastructure first, tokenization second
- Distribution: 50,000+ retail locations
Meet Annex
Market Opportunity
The Returns Economy
Traditional approaches to this market, including asset-backed lending and securitization, require complex structuring, slow settlement, and are limited by illiquidity. Annex's thesis is that tokenization only works if the underlying physical infrastructure exists first. The company has built that infrastructure and is now layering tokenization on top.
$574B
US Consumer Electronics Returns (Annual)
$322B
Value Lost to Infrastructure Failures
$744B
Total US Return Market
$248B
eCommerce Returns Alone (2023)
2x
Cost of Processing a Return vs Initial Sale
10-15%
Annual Growth in eCommerce Returns
How It Works
From Returns to Tradeable Assets
01
Returns Acquisition
Returned consumer electronics are sourced from major retailers. Products that would otherwise be written off or sent to liquidation enter the Annex pipeline.
02
Factory-Grade Refurbishment
Physical refurbishment facilities restore products to factory specification using Industry 4.0 technologies. OEM partnerships across Asia ensure quality parts and processes.
03
Marketplace & Distribution
Refurbished products are listed on the marketplace platform with integrated payment processing. Distribution spans 50,000+ retail locations.
04
Tokenized Inventory Positions
Inventory positions are tokenized, enabling fractional ownership of refurbished-goods inventory and on-chain settlement. Warehouse inventory becomes a tradeable asset with measurable yields.
Infrastructure
The Physical Foundation
Annex's thesis is that tokenization only works if the underlying physical infrastructure exists first. The company has built that foundation before layering digital asset capabilities on top.
Physical Refurbishment
Active facilities restoring returned electronics to factory specification
OEM Partnerships
Factory-level partnerships across Asia for quality parts and certification
Distribution Network
50,000+ retail locations for resale of refurbished products
Business Intelligence
Inventory management, ERP, and analytics for operational optimization
Leadership
Advisory
Tony Saliba
Advisor
CEO of Liquid Mercury. Options trading pioneer profiled in Market Wizards. Founded LiquidPoint (sold for $250M). Primary public advocate for the Annex model.
Competitive Landscape
How Annex Is Different
| Competitor | Annex Advantage |
|---|---|
| B-Stock / Liquidity Services / Optoro | Creates investable asset products, not just disposition channels |
| Traditional Asset-Backed Lending | On-chain settlement eliminates multi-day clearing and complex structuring |
| Back Market / Recommerce Platforms | End-to-end from refurbishment to tokenized inventory, not just resale marketplace |
| Liquidation Auctions | Pre-sale capital participation and yield-bearing inventory vs fire-sale pricing |
Powered by Liquid Mercury
Mercury Technology Stack
Mercury Products
- Matching Engine
- Mercury Ledger
- UI/UX
- OEMS
Mercury Services
- LaaS
- CFO Services
- Business Development
Partner Services
- Payment Processing
Next Step
Learn More About ACQUA1
Contact the team for deeper portfolio context, offering materials, and additional information about how Annex fits into the ACQUA1 structure.
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