USD3, issued by the 3Jane Protocol smart contracts under the governance of $JANE tokenholders, is tokenized senior credit-pool interest that represents the senior tranche of a two-tier onchain capital stack funding short-duration fintech and crypto credit facilities [S1][S2].

USD3 holders receive a variable senior share of pool interest that floats with what the backing generates across Fintech Credit Conduits and Crypto Credit Lines, with idle cash deposited in the Aave V3 USDC pool [S3][S2]. Yield accrues through the ERC-4626 exchange rate rather than distributions [S4][S2]. The senior tranche is credit-enhanced and last to be impaired, protected by junior sUSD3 subordination and originator first-loss equity [S2][S5].

3Jane is not issued by a single corporate entity; USD3 is minted by onchain ERC-4626 vault contracts rather than a chartered issuer, and the documentation names no regulator [S6][S4]. Each credit facility funds a bankruptcy-remote child SPV insulated from the originator and from the 3Jane sponsor entity [S6][S7]. For warehouse facilities, 3Jane holds a perfected first-priority security interest, with collections controlled through a Deposit Account Control Agreement among the depository bank, the originator, and 3Jane [S7]. Supplying USDC requires KYC and AML verification and a minimum deposit of 1,000 USDC [S6].

USD3 is an ERC-4626 yield-bearing vault token deployed on Ethereum Mainnet [S4]. Holders mint USD3 by depositing USDC, which is routed into the Aave V3 USDC pool and withdrawn as merchants draw credit lines [S6][S2]. Redemptions settle instantly with no fee, limited to the tranche ratio so that senior liquidity remains available while utilization stays below that cap [S2].

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    { id: "S1", url: "https://docs.3jane.xyz/" },
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    { id: "S4", url: "https://docs.3jane.xyz/developers/addresses" },
    { id: "S5", url: "https://docs.3jane.xyz/backing/fcc/credit-enhancement-and-loss-distribution" },
    { id: "S6", url: "https://docs.3jane.xyz/llms-full.txt" },
    { id: "S7", url: "https://docs.3jane.xyz/backing/fcc/legal-structuring" },
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Tokenized funds

Lenders deposit USDC to mint USD3 and supply the money market; borrowers draw unsecured USDC credit lines underwritten by 3Jane's risk engine. Interest paid by borrowers accrues to USD3 and sUSD3 holders, with sUSD3 absorbing first-loss risk in exchange for a higher share of yield.

3Jane issues USD3, a yield-bearing token minted by depositing USDC, and sUSD3, a staked junior tranche that earns boosted yield while absorbing first-loss credit risk. Yield is generated from unsecured USDC credit lines underwritten against on-chain and verifiable off-chain proofs.

3Jane is a credit-based crypto money market on Ethereum that lets users earn yield through USD3 and access unsecured USDC credit lines using verifiable proofs of assets, creditworthiness, and future yield.

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Real-world asset (RWA) issuers

3Jane

3Jane USD3 (USD3) is a tokenized fund share issued by 3Jane through Tulkum Assets Corp.

Each token is a direct claim on the issuer and has paused, with redemption still open issuance.

The fund is open-ended, invests in U.S. private credit, and locks up subscriptions for 0 months.

Retail investors can mint and redeem directly with 3Jane in USDC, and holders have a right to redeem at net asset value with instant settlement.

Tulkum Assets Corp. is incorporated in Panama.

Holder terms are governed by the law of Panama.

USD3 has been issued on Ethereum as an ERC-4626 token since August 2025.

3Jane USD3USD3