Tradable NA Post-Settlement Legal Financing Receivables

Tradable NA Post-Settlement Legal Financing Receivables is a tokenized credit instrument that represents fractional ownership of a post-settlement term loan facility extended to a US-based law firm, structured under the North America Post-Settlement Legal Financing Receivables deal issued by Victory Park Capital Advisors. Its purpose is to give investors on-chain exposure to the cash flows generated by legal financing receivables, a segment of the private credit market that has historically been accessible only to large institutional participants. The asset is designed for those who want exposure to private credit through blockchain infrastructure rather than through traditional fund or loan structures.

The token is issued and managed on ZKsync Era, an Ethereum layer-2 network that uses zero-knowledge proof technology to process transactions with lower costs and faster finality than the Ethereum base layer. Smart contracts embedded in the Tradable.xyz platform handle AML and KYC compliance checks, meaning that only wallets that have passed identity verification can hold or transfer the token. Each token is priced at 1.00 USD, and the circulating supply of approximately 76,722,081 tokens at that price reflects the outstanding face value of the underlying receivables that have been tokenized so far.

The data provided does not include a fee stream — no protocol revenue, yield rate, or fee figures are stored for this asset, so fee-based measures common to this site cannot be calculated or reported here. The economic return for token holders would derive from the underlying loan facility's cash flows, but the structure and rate of those distributions are not captured in the stored metrics. What the data does show is that 100 percent of the issued supply is in circulation, that circulating supply represents approximately 76.72 percent of the 100,000,000 maximum supply as of the recorded point in time, and that the ratio of fully diluted valuation to market capitalization stands at 1.0, meaning no tokens are outstanding but not yet in circulation.