Tradable LatAm Residential SSTL (PC0000089)

Tradable LatAm Residential SSTL (PC0000089) is a real-world-asset token issued on ZKsync Era through Tradable.xyz. It relates to a “LatAm Residential Senior Secured Term Loan” deal. The notes are issued by Victory Park Capital Advisors, and the token is described as providing on-chain exposure to cash flows connected with a Latin American residential i-buyer. That company buys homes and is looking to expand into Mexico while adding a debt facility in Colombia.

This is a tokenized credit product, not a general-purpose cryptocurrency or the native token of ZKsync Era. Public sources do not establish that holders own homes, shares in the company, or a direct claim on any particular property. The exact rights attached to a token depend on the offering’s legal documents, including how payments, defaults, transfers, and redemptions are handled. Read those terms before treating the token as an investment or assuming that its quoted price guarantees repayment.

The token’s stated role is to represent on-chain exposure to cash flows from the residential i-buyer’s senior secured term loan. In practical terms, it connects a private-credit arrangement to blockchain infrastructure. Tradable.xyz facilitates the tokenization, while ZKsync Era is the network on which the token is issued. Tradable also describes using smart contracts for AML and KYC compliance and presenting asset-management and due-diligence information through its platform.

The token is not described as a payment coin, governance token, or gas token. Public sources also do not specify a fixed payment schedule, interest rate, redemption date, investor eligibility rules, or how cash flows are allocated to token holders. Those details should be checked in the deal documents and platform materials rather than inferred from the token name. A blockchain representation may make an asset easier to transfer or administer, but it does not by itself make the underlying loan liquid or remove the usual credit and legal risks of private debt.

As of 2026-07-10, the reported circulating and total supply is about 37.0 million PC0000089, with a stated maximum supply of 100 million. The reported market capitalization is about $37.0 million, and the quoted price is $1. These are time-sensitive figures, not a promise that the token can be bought, sold, or redeemed at that price. Reported 24-hour trading volume is unavailable, so public sources do not establish how easy it is to trade the token.

A maximum supply is not the same as a guarantee that all tokens will be issued, nor does it explain who may mint or receive additional tokens. Public sources do not describe the issuance schedule, any burn process, or the relationship between token supply and loan repayments. Check current issuer and contract information for changes, and review the offering terms for what a token represents. Market capitalization is a calculation based on price and circulating supply; it does not show the value of assets available to repay holders.

PC0000089 is issued on ZKsync Era. It is not identified as the native token of any blockchain, and public sources list no other issuance chain. ZKsync Era is the network that records token activity; it does not guarantee the borrower’s ability to repay, the accuracy of off-chain information, or the enforceability of the loan terms. Blockchain settlement and smart contracts can support token transfers and administration, while the underlying credit arrangement remains dependent on companies, contracts, and processes outside the chain.

To hold the token, a reader would generally need a wallet or custody provider that supports the relevant ZKsync Era asset and complies with the offering’s access requirements. The exact token contract address is not included here, so confirm it through Tradable or authoritative deal materials before receiving or sending tokens. Do not rely on a matching name or symbol alone: unrelated assets can use similar labels. Transfers may also be restricted by the deal or platform, including through investor eligibility, AML, or KYC checks.

PC0000089 carries credit risk: the i-buyer or other parties involved may be unable to meet obligations, and recovery after a default may be uncertain or delayed. Senior-secured status describes the loan’s stated structure, but it does not eliminate losses or guarantee that collateral will cover what is owed. There may also be limited resale opportunities, uncertain pricing, and legal or operational risks in linking a blockchain token to off-chain loan cash flows. The information available here does not specify a guaranteed return, redemption mechanism, or investor protections.

There are technology and custody risks as well. A wallet holder can lose access through a lost recovery phrase or compromised device, and sending tokens to an incompatible address can result in permanent loss. Smart-contract faults, network outages, or administrative actions can affect transfers or token operation. Use a secure wallet, protect recovery credentials offline, and verify the network and contract before any transfer. Review the offering documents and consider whether you understand the product and can bear a loss; this explainer is not financial or legal advice.