Tradable NA Legal Receivables SSL pc0000081

Tradable NA Legal Receivables SSL is a permissioned real-world-asset token issued through Tradable.xyz on zkSync Era. CoinGecko identifies its ticker as PC0000081 and its zkSync contract as 0xa4b3dc5433ecabdd1498ca7f3f4d890b185c0b0a, with six decimal places.

The token represents on-chain exposure to a term loan made to a law firm specializing in high-value personal-injury cases. The underlying transaction is described as the North America Legal Receivables Senior Secured Loan, with notes issued by Victory Park Capital Advisors.

Tradable positions the product as private-credit infrastructure rather than a general-purpose cryptocurrency. The legal-receivables deal is one of Tradable’s listed institutional assets; the issuer’s public deal summary gives a 15.5% target net return, a $5 million minimum investment and a $90 million total deal size.

Private-credit and litigation-finance receivables can provide institutional yield but are traditionally difficult for investors to access, transfer and monitor. Participation generally involves private underwriting, subscription documents, data rooms, custodians and slow settlement.

Tradable’s stated problem is to make institutional-grade private credit more accessible and operationally manageable while retaining controls required for regulated offerings. For this asset, investors still face the underlying law-firm, case-recovery, legal, duration, credit, liquidity and documentation risks; a token does not make those risks disappear or guarantee the target return.

Tradable lists the deal and deploys an ERC-20 deal contract on zkSync Era. The contract can enforce deal-specific rules such as country, investor-type, AML-risk and other permission requirements, so transfers to non-compliant wallets are blocked. Anonymized deal information may be attached as IPFS metadata.

Investors complete Tradable onboarding and compliance checks, request access, sign any required NDA, review the available information and submit an offer. Offers are reviewed by the originator. Wallet-funded investors pre-fund with USDC; after commitment finalization and confirmation of funds, deal tokens representing ownership are minted to the investor’s wallet. Wire-funded investors fund the originator off-chain and receive tokens in an assigned fiat wallet.

For on-chain holders, interest and principal distributions are made in USDC through the deal smart contract. Interest is allocated pro rata according to ownership and holding time; principal repayment causes a corresponding amount of tokens to be burned. Where liquidity and originator approval exist, holders can request redemption before maturity. Tradable’s documentation describes secondary trading as planned/coming soon, while transfers remain permissioned and compliance-gated.