PC0000111, issued onchain by Tradable Corp., is a tokenized private credit fund interest that represents a fractional ownership stake in LATAM Charge Card Senior Secured Notes, an institutional-grade credit strategy listed on the Tradable syndication platform [S1][S2].

Each token tracks the underlying credit position LATAM Charge Card Senior Secured Notes (PC0000111), 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" },
  ]}
/>


# Total value locked Methodology

## Overview

Total value locked (TVL) measures the total value of a project's on-chain deposits and/or the tokenized value of user deposits made offchain. It is used as a leading indicator for revenue-generating activity, such as borrowing, trading, or staking, though the assets can typically be withdrawn by depositors at any time.

## Data sources

- Smart contract events and program instructions representing deposit and withdrawal activity
- Blockchain state data including collateral balances and validator information
- Token price feeds for USD conversion
- Asset metadata for decimal precision

## Common calculation approaches

### Supply-based calculation
For stablecoin issuers, TVL is calculated from the total circulating supply of issued tokens. `Mint` and `Burn` events are tracked from issuers such as Tether and Circle on EVM chains, while program instructions are tracked on Solana to arrive at the aggregate value of assets in circulation.

### Deposit and loan aggregation
In lending protocols, TVL is calculated by summing idle liquidity and active loan balances. Collateral balances and debt positions are aggregated from smart contract states and events—for example, from Aave and Sky—to represent the total capital committed to the platform.

### Staking and restaking valuation
For liquid staking platforms, the value of all locked assets is aggregated from protocol contracts and consensus layer data. Total pooled assets are tracked from Lido Finance through `PostTotalShares` events from `Lido Oracle` contracts and `TokenRebased` events from `stETH` contracts to arrive at the total value of staked collateral.

**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.*

Total value locked (TVL)

Total value locked (TVL) — value deposited into the project's applications.

Total value locked

Tokenized funds

website

documentation

twitter

Real-world asset (RWA) issuers

Tradable

LATAM Charge Card Senior Secured Notes (PC0000111) is a tokenized fund share issued by Tradable.

Investors can subscribe and redeem in USDC after completing KYC.

PC0000111 has been issued on zkSync Era as an ERC-20 token since November 2024.

LATAM Charge Card Senior Secured NotesPC0000111