Tradable LatAm BNPL SSTN

Tradable LatAm BNPL SSTN is a tokenized representation of senior secured term notes issued by Victory Park Capital Advisors against a buy-now-pay-later platform that serves customers in Latin America through a mobile app and e-commerce checkout channels. The token is designed to give on-chain participants exposure to the cash flows generated by that underlying credit facility. It addresses the difficulty that most investors face when trying to access private credit markets, which have historically required large minimums, lengthy due-diligence processes, and limited secondary liquidity.

The token is issued and managed on ZKsync Era, a layer-2 blockchain that uses zero-knowledge proof technology to process transactions with lower costs and faster settlement than the Ethereum base layer. Smart contracts embedded in the Tradable.xyz platform handle anti-money-laundering and know-your-customer checks, meaning compliance requirements are enforced programmatically rather than through a separate manual process. The token itself represents a proportional claim on the note structure, so its behavior is tied to the repayment and cash-flow schedule of the underlying BNPL credit facility rather than to open-market supply and demand dynamics.

The data provided does not include a fee stream, protocol revenue figure, or yield rate, so no fee-based measures are available on this page. The asset carries a stable price of 1.0 USD per token, a circulating supply of 47,000,000 tokens, and a market capitalization of 47,000,000 USD at the point-in-time recorded. The maximum supply is set at 100,000,000 tokens, of which 47 percent has been issued, and the ratio of fully diluted value to market capitalization is 1.0, meaning all tokens currently in existence represent the entire recognized value. Any economic return to token holders would be determined by the terms of the underlying note structure rather than by on-chain protocol mechanics, and those terms are not contained in the stored data.