Alphaledger originates and tokenizes private-credit loans on Solana using its Vulcan Forge platform, and packages them into U.S. Reg D investor vehicles such as the Alphaledger / Simplify Target 12% Distribution Fund (T12), sub-advised by Simplify Asset Management.

Alphaledger is a tokenized private-credit issuance platform that brings real-world specialty-finance loans on-chain. Token Terminal tracks its investor-facing vehicle, the T12 fund — a tokenized U.S. Reg D 506(c) credit fund represented on Solana via Token-2022 mints.

Alphaledger is a U.S.-based tokenization platform led by a fintech team focused on bringing institutional private-credit issuance on-chain through its regulated broker-dealer subsidiary Alphaledger Markets, Inc.