PC0000011, issued onchain by Tradable Corp., is a tokenized private credit fund interest that represents a fractional ownership stake in North America Fintech Senior Secured Term Notes (Series 11), an institutional-grade credit strategy listed on the Tradable syndication platform [S1][S2].

Each token tracks the underlying credit position North America Fintech Senior Secured Term Notes (Series 11) (PC0000011), 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" },
  ]}
/>


# Asset mints methodology

## 1. Overview

Asset mints is a metric that represents the total value of new assets minted onchain. Daily mint volumes are tracked across supported blockchains to quantify the issuance of tokenized assets. Gross mint events are identified from native token transfer logs and transaction-level supply changes. To ensure accuracy for assets with pre-minted supplies, corrections are applied by subtracting non-circulating allocations. The final metric is normalized by decimal precision and converted to USD using end-of-day price feeds.

## 2. Data sources

- **EVM chain events**: ERC-20 `Transfer` events, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token `Mint` instructions
- **Non-EVM chain events and transactions**:
 - Algorand: Asset Configuration (`acfg`) transactions and token transfers
 - Cardano: UTXO-derived mint and burn events
 - Near: Token mint events
 - Polkadot Asset Hub: `Issued` events from `assets` pallets
 - Ripple: Transaction-level issuer net flows
 - Stacks: Token transfers with null senders
 - Sui: `TreasuryCap` object total supply changes
 - Stellar: SEP-41 `sep41_mint` events

- **Asset metadata**: Token addresses and decimal precision retrieved from token metadata
- **External data**: End-of-day price feeds sourced from market data providers

## 3. Step-by-step calculation

### Component A: Gross mint extraction

- **Purpose**: Extract raw mint events across all supported blockchains
- **Logic**: On EVM-compatible chains, ERC-20 `Transfer` events are parsed where the sender address is the zero address. On Solana, SPL token `Mint` instructions are extracted. On Algorand, withdrawals from asset configuration addresses are identified as gross mints. On Cardano, positive supply deltas are derived from transaction UTXO inputs and outputs. On Near, token mint events are extracted. On Polkadot Asset Hub, `Issued` events from `assets` pallets are parsed. On Ripple, transaction-level net flows are calculated, and positive net flows from issuer accounts are classified as mints. On Stacks, token transfers with a null sender address are extracted. On Sui, total supply changes are decoded from `TreasuryCap` objects. On Stellar, SEP-41 `sep41_mint` events are parsed.
- **Key fields**: `amount` (raw token quantity), `token_address` (asset contract or token identifier), `timestamp` (block timestamp)

### Component B: Premint correction

- **Purpose**: Adjust gross mints to exclude pre-minted tokens that do not enter active circulation
- **Logic**: For supported assets, a correction is applied to distinguish between gross mints and circulating supply changes. Mints that are sent directly to designated non-circulating premint addresses are classified as premints. Conversely, transfers from these premint addresses to circulating addresses are classified as premint issuances. Corrected mints are calculated by subtracting premints from gross mints and adding premint issuances.
- **Key fields**: `amount` (corrected token quantity), `token_address` (asset contract), `account_address` (premint address)

### Component C: Decimal normalization

- **Purpose**: Normalize raw token quantities into standard units
- **Logic**: Raw token amounts are normalized by decimal precision. Decimal precision is retrieved from token metadata for each specific asset.
- **Key fields**: `amount` (normalized token quantity), `decimals` (decimal precision)

### Component D: Final aggregation and USD conversion

- **Purpose**: Aggregate daily normalized mints and convert the values to USD
- **Logic**: Normalized daily mint amounts are aggregated by asset and blockchain. Daily USD values are calculated by multiplying the daily normalized mint amount by the end-of-day price feed for the respective asset. If no mint events occur on a given day, the daily value is filled with zero values.
- **Key fields**: `amount_usd` (daily minted value in USD), `price_usd` (end-of-day asset price)

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

Asset mints

Tokenized funds

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Real-world asset (RWA) issuers

Tradable

North America Fintech Senior Secured Term Notes (Series 11) (PC0000011) is a tokenized fund share issued by Tradable.

Investors can subscribe and redeem in USDC after completing KYC.

PC0000011 has been issued on zkSync Era as an ERC-20 token since November 2024.

North America Fintech Senior Secured Term Notes (Series 11)PC0000011