PC0000006, issued onchain by Tradable Corp., is a tokenized private credit fund interest that represents a fractional ownership stake in LitFin Mass Tort Preferred Equity Interest (Series 6), an institutional-grade credit strategy listed on the Tradable syndication platform [S1][S2].

Each token tracks the underlying credit position LitFin Mass Tort Preferred Equity Interest (Series 6) (PC0000006), originated and managed by a third-party institutional asset manager [S1][S2]. Tokenholders earn pro-rata interest distributions paid in USDC stablecoin based on ownership percentage and duration, and receive principal repayments in USDC with tokens burned proportionally as principal is repaid [S1]. Tradable charges Service Fees on consummated transactions and Technology Fees for enhanced features [S1].

Tradable Corp. is a Delaware corporation based in Chicago, Illinois that operates the tokenization platform but is not a registered investment adviser or broker-dealer and holds no customer funds or securities [S1][S3][S4]. The token represents an ownership stake confirmed by a subscription agreement, with the underlying capital custodied by the Originator's qualified custodian [S1]. Users must pass KYC, KYB, AML, and accreditation screening via Quadrata, and onchain transfers require OFAC clearance at mint [S1]. Investors submit redemption requests that the Originator approves, after which tokens are locked and exchanged for USDC liquidity [S1]. No activity is insured by the FDIC or SIPC [S1].

Deal tokens follow the ERC-20 standard with embedded transfer restrictions and are issued natively on Zksyncera, an Ethereum Layer 2 [S1]. After funding is confirmed, tokens mint to verified investor wallets, while deal metadata is stored offchain on IPFS [S1]. Interest and principal distributions settle in USDC to shorten fund-movement cycles, with smart-contract reviews completed by Cantina and Spearbit [S1].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://doc.tradable.xyz/product-docs/llms-full.txt" },
    { id: "S2", url: "https://www.tradable.xyz/" },
    { id: "S3", url: "https://www.tradable.xyz/privacy" },
    { id: "S4", url: "https://www.tradable.xyz/disclaimer" },
  ]}
/>


# Circulating asset market cap methodology

## 1. Overview

Circulating asset market cap measures the total value that has been tokenized onchain for a specific asset. It is calculated by multiplying the circulating supply of the asset by its end-of-day market price. For stablecoins, this metric represents the total outstanding supply; for tokenized funds, it reflects the onchain assets under management (AUM); and for tokenized stocks, it measures the total supply of shares issued onchain.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering Ethereum, Arbitrum, Base, Polygon, Optimism, and others
- **Solana instructions**: SPL token `Mint` and `Burn` instructions
- **Other blockchain data**: Issuance and redemption events from Aptos, Near, Polkadot Asset Hub, and Stellar
- **Asset metadata**: Token addresses and decimal precision
- **External data**: End-of-day price feeds

## 3. Step-by-step calculation

### Component A: Identification of supply changes

- **Purpose**: Identify all onchain events that increase or decrease the total supply of an asset
- **Logic**: On EVM-compatible chains, ERC-20 `Transfer` events are parsed to identify mints (where the sender is the zero address) and burns (where the recipient is the zero address). On Solana, SPL token `Mint` and `Burn` instructions are retrieved. On other chains, such as Aptos or Polkadot Asset Hub, equivalent issuance and destruction events are identified from the respective asset programs or pallets.
- **Key fields**: `amount` (quantity of tokens), `token_address` (unique asset identifier), `timestamp` (time of the event)

### Component B: Normalization and daily supply aggregation

- **Purpose**: Convert raw event data into a continuous daily circulating supply time series
- **Logic**: Raw token amounts are normalized by decimal precision retrieved from asset metadata. The daily circulating supply is determined by calculating the cumulative sum of all identified mint and burn events for each asset. For days where no onchain activity occurs, the supply value is filled with the last known value to ensure a continuous daily record.
- **Key fields**: `amount` (normalized quantity), `timestamp` (truncated to daily grain)

### Component C: Final market cap calculation

- **Purpose**: Combine supply data with market prices to determine the total USD value
- **Logic**: The daily circulating supply is multiplied by the end-of-day market price sourced from market data providers. Data is aggregated across all supported chains to provide a comprehensive view of the asset's onchain presence. The final USD conversion is applied: `amount_usd = amount × price_usd`.
- **Key fields**: `price_usd` (end-of-day market price), `amount_usd` (final circulating market cap)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Tokenized asset value / AUM (assets under management) — price times circulating supply.

Circulating asset market cap

Tokenized funds

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Real-world asset (RWA) issuers

Tradable

LitFin Mass Tort Preferred Equity Interest (Series 6) (PC0000006) is a tokenized fund share issued by Tradable.

Investors can subscribe and redeem in USDC after completing KYC.

PC0000006 has been issued on zkSync Era as an ERC-20 token since December 2025.

LitFin Mass Tort Preferred Equity Interest (Series 6)PC0000006