Tradable NA Legal Receivables SSL

Tradable NA Legal Receivables SSL (PC0000081) is a tokenized credit instrument that represents on-chain exposure to a senior secured term loan made to a law firm specializing in high-value personal injury cases in North America. The notes are issued by Victory Park Capital Advisors under the North America Legal Receivables Senior Secured Loan deal and are distributed through the Tradable.xyz platform on the ZKsync Era blockchain. It addresses the problem of limited retail and institutional access to private credit markets by placing traditional loan cash flows onto blockchain rails, making them available to a broader set of participants.

Each token is priced at 1.00 USD and represents a fractional claim on the underlying loan structure, with the total circulating supply of 57,132,381.03 tokens corresponding directly to the outstanding notional of the position. The asset lives on ZKsync Era, a zero-knowledge rollup network that processes transactions off the Ethereum main chain to reduce costs and settlement time while preserving data privacy. Smart contracts embedded in the Tradable platform handle AML and KYC compliance checks, meaning only verified participants can hold or transfer the tokens.

The data stored for this asset does not include a fee stream, revenue figures, or protocol earnings, so no fee-based measures are available on this site. The economic return for token holders would derive from the interest and principal cash flows of the underlying senior secured loan, but those cash flow terms are not captured in the figures provided here. What is recorded is that the circulating supply of 57,132,381.03 tokens represents approximately 45.71 percent of the maximum supply of 125,000,000 tokens at this point in time, and the fully diluted valuation equals the market capitalization, indicating no tokens are outstanding beyond those already in circulation.