USD-PC is a Private Credit Token backed by Garrington Private Credit Strategy, providing holders of the USD-PC tokens with exposure to private credit assets with enhanced liquidity, blockchain-enabled transparency, and limited liability. The Token’s added liquidity, professional management, and efficient redemption process make it an appealing option for investors seeking diversification in the private credit space with mitigated barriers to entry.
Eligibility | Open to all customers of the issuing entity and Rainfin users. |
This product is offered globally. |
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Underlying Assets | Garrington Private Credit Strategy. |
USD-PC is backed by Garrington Private Credit Strategy. |
Transferability | Freely Transferable. |
After depositing USDC funds a user will receive their USDx token in their wallet, the USDx token can be used to swap for the USD-PC Token. A user can deposit via:
The USD-PC token is immediately available to transfer once received. |
Liquidity | On-Demand. |
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Token Issuer | Rainfin. |
RainFin is a licensed financial services provider that creates innovative financial services and offerings including peer-to-peer trading and credit marketplaces as well as tokenised financial instruments. |
Legal Structure | En Commandite Partnership. |
USD-PC is a interest bearing token issued by RainFin Pty Ltd. |
Use Cases | Purchasing Yield Tokens. |
USD-PC tokens can be swapped for other tokens on the platform. |
Complete the registration process.
Complete KYC (Know Your Customer).
If you're a corporate investor, you will need to provide identity verification documents, such as your business registration details and authorized signatory information, as per Financial Intelligence Centre Act (FICA).
Fund Your Account - When you deposit ZAR into the RainFin platform, you are making a purchase of, and will receive, ZARx, our base ZAR token. The same applies for depositing USDC, you are making a purchase of, and will receive, USDx, our base USD token.
Purchase Tokens - Once your account is funded, you can trade directly between USDx and ZARx on the platform. Use our base USDx token to purchase USD instruments such as USD Savings Tokens (USD-ST), or use our base ZARx token to purchase ZAR products like the ZAR Savings Token (ZAR-ST).
View and Monitor Holdings - After purchasing tokens, you can track your investment and performance through the RainFin dashboard.
Reinvest or Purchase More Tokens - You can increase your investment at any time by purchasing more tokens through the platform.
If you're a corporate investor, you will need to provide identity verification documents, such as your business registration details and authorized signatory information, as per Financial Intelligence Centre Act (FICA).
Token Redemption - If you wish to convert your tokens back into ZAR or USD , you can request a withdraw at any time. The withdraw process generally takes 1 business day, and the proceeds will be sent to your specified bank account or onchain wallet respectively.
If you require assistance at any stage of the process, contact the RainFin support team at info@rainfin.com.