Tradable Singapore Fintech SSL

pc0000077
Rank #239•ZkSync Ecosystem, Real World Assets (RWA), Tradable Ecosystem
CoinYQ Dossier

After the stated maturity, PC0000077 had zero supply on 5 September 2026

Current PC0000077 metadata describes a high-interest Singapore fintech facility. On 5 September 2026 the public contract held no tokens and no holders, while nineteen eligible addresses were fiat-account records. The snapshot establishes supply, not the date it became zero or the credit outcome.

An exact address replaces the vague SSL label

The chain identifies Private Credit Direct Deal0000077, symbol PC0000077 and deal UUID 1bc9ad53…522f at 0x1801…795c. That separates it from PC0000023, another catalog entry with the same display name.

The attached IPFS record describes an unnamed Singapore fintech funding e-commerce purchases, bill payments, BNPL and personal loans. It does not name the legal issuer, borrower or originator, and the reviewed VPC partnership announcement does not prove that VPC issued this specific note.

Three tranche descriptions do not resolve one token

Metadata lists Tranches A and B at $100 million and 14% cash interest, and Tranche C at $114.5 million with 15% cash plus 5% PIK in Series D-3 warrants. All mature on 30 June 2026.

The contract's configured total size is 100 million units and its headline metadata says fixed 14% cash interest and 12.16% minimum target IRR. That resembles A or B, but resemblance is not legal identification. The private subscription and note papers must select the tranche.

A 70%–80% advance rate and corporate guarantee sound protective, yet no security agreement identifying collateral tests, lien perfection, guarantor or enforcement waterfall was found in the reviewed public materials.

The token appears after paperwork and offchain custody

For this position, a wallet-funded offer is accompanied by USDC prefunding, whereas a bank-funded commitment is paid after finalization. Investors still undergo screening; the originator must approve the offer, and the investor must finalize the commitment and sign the subscription agreement. Accepted wallet capital can pass through the originator's Circle Mint or custody account to qualified custody outside the chain. Tokens are minted only after the deal closes and receipt of funds is confirmed.

Payment routes also differ: wallet investors receive contract distributions funded with the originator's USDC, while investors using offchain accounts are paid directly by bank transfer. Tokens are burned against principal actually received; an interest payment is not a principal burn. Early redemption is conditional rather than a standing onchain right. Tradable's terms place the investment rights in separate deal contracts and describe Tradable Corp as a technology provider.

The manager owns every moving part of the ledger

The verified shared Deal implementation disables ordinary transfer and approval. Manager 0xA719…4F20 can mint, burn, perform managed transfers, classify eligible or fiat accounts, and rewrite NAV, metadata, size, holder cap and open-ended status.

PC0000077 also follows the Tradable Deal Beacon to the current implementation. That gives beacon governance power over code used by the token, while the public deal page does not identify all upgrade signers or a timelock.

Zero supply is a state, not a repayment receipt

At review, total supply and holder count were zero. The 19 eligible addresses were all fiat accounts, the deal remained configured closed-ended with a 100 million size and 50-holder cap, and the latest NAV remained $1.000000 from 15 March 2026.

The listed 30 June maturity had passed. The chain can show that balances were burned or never present at the snapshot; it cannot say whether borrowers paid, lenders rolled or enforced, losses were recognized, or offchain positions remain. That unresolved ending is the most important fact for a reader tempted to treat an empty token contract as proof of a successful loan.

How the project changed

  1. 2024-11-18
    Yield clock is configured

    The live contract records 2024-11-18 15:41:15 UTC as yieldGenerationStart.

  2. 2025-01-16
    Tradable and VPC announce scale

    VPC says Tradable has tokenized $1.7 billion across nearly 30 private-credit positions; it does not assign VPC a legal role in PC0000077.

  3. 2026-03-15
    The stored NAV is refreshed

    The contract records a $1.000000 NAV and price timestamped 2026-03-15 18:49:14 UTC.

  4. 2026-06-30
    Metadata lists this maturity

    All three anonymized tranches list this maturity; no resulting payment or enforcement outcome was found in reviewed documents.

Evidence and primary sources

Last evidence review: 2026-09-05

What is Tradable Singapore Fintech SSL?

PC0000077 is the six-decimal token at 0x18012CB9e1478EF458C8c996F99b8DcEcA60795c on zkSync Era. Live calls bind it to deal UUID 1bc9ad53-f369-4f7d-ac89-62e3a8f9522f and name Private Credit Direct Deal0000077. It is one permissioned investment ledger, not equity in Tradable or a payment token.

The contract-selected IPFS file calls the asset Singapore Fintech Senior Secured Loan and describes a Singapore-headquartered consumer-credit platform. The company, legal issuer, note purchaser and originator remain anonymized. CoinGecko's statement that Victory Park Capital Advisors issued the notes is not established by the reviewed deal-specific primary materials.

What problem does Tradable Singapore Fintech SSL solve?

Public metadata describes a senior delayed-draw term loan funding BNPL, bill-payment, e-commerce installment and personal-loan activity. It says advances equal 70%–80% of short-duration loan collateral and carry a corporate guarantee. Those are metadata assertions, not a disclosed security agreement: the reviewed materials did not establish collateral eligibility, valuation, perfection, guarantor identity, covenants, waterfall or enforcement forum.

Three tranches are described. A and B each show $100 million commitment and 14% fixed cash interest; C shows $114.5 million, 15% cash plus 5% PIK paid semi-annually in Series D-3 warrants. All list 30 June 2026 maturity. The top-level fields instead show 14% cash interest, 12.16% minimum target IRR and zero listed management, performance and expense fees. Public materials do not reconcile which tranche PC0000077 represents or prove realized return.

How does Tradable Singapore Fintech SSL work?

Tradable screens investors before they make an offer. Wallet investors prefund USDC alongside the offer; bank or wire investors fund after finalizing their commitment. The originator reviews the offer, and an approved investor finalizes the legal commitment and signs the deal-specific subscription agreement. Accepted USDC can move through an originator-controlled Circle Mint or custody account into qualified offchain custody. Minting follows deal closure and confirmation that the investor's funds have been received. For crypto-native investors, the originator supplies USDC to distribute interest and principal through the contract; offchain investors receive direct bank wires. Receipt of principal triggers a corresponding token burn; interest distribution does not itself burn principal. Early redemption, if the deal permits it, remains subject to originator approval and available liquidity.

The current contract is a beacon proxy. Its EIP-1967 beacon slot points to 0x1E2f5e41Ea5dCB62c8303e240E1d513eD4eC3d74, whose implementation() returns verified Deal code at 0x85774b6c4a2f72315050084efa3b982df5a7ea67. Deal manager 0xA7193921bC325AB9F3c888946DBf5AC18d454F20 alone can mint, burn, move balances, change eligibility and fiat flags, update NAV and metadata, and alter total size, holder cap and open-ended status. Ordinary approve, transfer and transferFrom revert.

On 5 September 2026, totalSupply and holders were zero. totalSize was 100,000,000 units, isOpenEnded false, maxHolders 50, and the stored NAV was $1.000000 last updated 15 March 2026. All 19 eligible addresses were also fiat accounts. That proves an empty public token ledger with offchain-account placeholders; it does not prove the loan was repaid, cancelled or defaulted.

Key facts

  • Contract: 0x18012CB9e1478EF458C8c996F99b8DcEcA60795c on zkSync Era.
  • Identity: deal UUID 1bc9ad53-f369-4f7d-ac89-62e3a8f9522f; name Private Credit Direct Deal0000077; symbol PC0000077; six decimals.
  • 5 September 2026 snapshot: zero total supply, zero holders, 19 eligible accounts and 19 fiat accounts.
  • Configured totalSize: 100,000,000 units; closed-ended; maximum 50 holders.
  • Stored NAV/price: $1.000000, timestamp 2026-03-15 18:49:14 UTC; it is manager-fed accounting data.
  • Metadata: fixed 14% cash interest and 12.16% minimum target IRR, with zero listed management, performance and expense fees.
  • A/B metadata: $100 million commitment and 14% cash each; C: $114.5 million, 15% cash plus 5% PIK in Series D-3 warrants.
  • All three metadata tranches list 2026-06-30 maturity; no outcome report was found in the reviewed sources.
  • Metadata says 70%–80% advance against short-duration loan collateral plus a corporate guarantee, but omits legal identities and lien terms.
  • Manager 0xA719…4F20 controls mint, burn, managed transfer, eligibility, NAV, metadata and configuration.
  • Ordinary ERC-20 transfer and approval functions are disabled.
  • The beacon can change the shared Deal implementation; reviewed public sources did not establish every upgrade signer or delay.
  • Tradable is a technology/workflow provider; transaction rights arise from separate legal agreements.
  • Zero token supply does not establish repayment, cancellation, recovery or absence of offchain claims.

Official links

Official websiteWhitepaperBlock explorerX / Twitter

Categories

ZkSync EcosystemReal World Assets (RWA)Tradable Ecosystem

Related coins

USDC#5Chainlink#16Blockchain Capital#66PancakeSwap#90Tradable NA Rent Financing Platform SSTN#155Tradable APAC Diversified Finance Provider SSTN#176

Frequently asked questions

What does PC0000077 legally represent?

Public metadata calls it a Singapore fintech senior secured loan, but the enforceable note, subscription and security documents are restricted. A token balance alone does not disclose the issuer, borrower, lien or payment waterfall.

Is 14% a guaranteed token yield?

No. It is a metadata term for the credit facility. Payment depends on the borrower, collateral, guarantor, legal documents and originator-funded distributions; the public record does not show realized return.

Why is supply now zero?

The live contract reports no tokens or holders. Because minting and burning are manager-controlled and fiat investors can be mirrored offchain, zero supply does not by itself prove repayment, cancellation or default.

Can a holder transfer or redeem freely?

No. Ordinary ERC-20 transfers and approvals revert. Managed transfers require eligibility; early redemption depends on deal terms, originator approval and USDC liquidity.

Who can rewrite the public record?

The deal manager controls supply, balances, eligibility, NAV, metadata and configuration. A shared beacon can change the implementation, and public sources do not name every upgrade controller.

External trackers

Choose a tracking site for Tradable Singapore Fintech SSL:

Track price on CoinGeckoTrack price on CoinMarketCapTrack price on Binance