PC0000019, issued onchain by Tradable Corp., is a tokenized private credit fund interest that represents a fractional ownership stake in North America PoS Lender Senior Secured Term Notes, an institutional-grade credit strategy listed on the Tradable syndication platform [S1][S2].

Each token tracks the underlying credit position North America PoS Lender Senior Secured Term Notes (PC0000019), 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].

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  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" },
  ]}
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# Capital deployed Methodology

## Overview

Capital deployed measures the value of user deposits that are allocated into investments by an asset manager. Since this capital is typically invested to earn yield for clients, it tends to correlate with the manager’s ability to generate revenue.

## Data sources

- Smart contract events and program instructions capturing token supply changes
- On-chain vault state data including exchange rates and share balances
- Token price feeds for USD conversion
- Asset metadata for decimal precision and contract mapping

## Common calculation approaches

### Tokenized asset supply tracking
Outstanding supply is calculated from ERC-20 `Transfer` events emitted by issuers such as BitGo, Securitize, and Ondo Finance. Mint events (transfers from the zero address) and burn events (transfers to the zero address) are aggregated to determine the net circulating supply of tokenized investment products. On Solana, supply is determined from program instructions and token account balance snapshots.

### Yield-generating strategy allocation
Capital deployed into specific investment strategies is tracked through deposit token activities in lending and liquidity protocols. For example, assets are monitored from `Mint` and `Burn` events from `spToken` and `AToken` contracts associated with Spark. This approach focuses on capital actively allocated to yield-generating positions rather than idle reserves.

### Vault-based valuation
For projects such as Ether.fi, capital is determined from vault exchange rates and total share supply. Data is aggregated from liquid vault accountant contracts to value the underlying assets deployed across staking and yield products. This methodology ensures that the valuation reflects the current market value of the assets held within the managed vaults.

**Note:** The calculation approaches and protocol examples above are representative patterns. Individual protocol implementations may vary.

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

Value of capital allocated into investments by an asset manager.

Capital deployed

Tokenized funds

website

documentation

twitter

Real-world asset (RWA) issuers

Tradable

North America PoS Lender Senior Secured Term Notes (PC0000019) is a tokenized fund share issued by Tradable.

Investors can subscribe and redeem in USDC after completing KYC.

PC0000019 has been issued on zkSync Era as an ERC-20 token since November 2024.

North America PoS Lender Senior Secured Term NotesPC0000019