ZARx - ZAR Deposit Token

About ZARx

ZARx is an on-demand ZAR based token secured by tier 1 bank deposits. ZARx is available globally to all citizens and transferable between citizens on the XCAP network. Investing in ZARx has low to no risk and is easily transferable to other higher yield tokens on the network.

ZARx

~2.30% APY

Available on

Eligibility	Open to all customers of the issuing entity and Rainfin users.	This product is only offered globally.
Underlying Assets	Tier 1 Bank Deposits.	ZARx is backed by ZAR held in a tier 1 bank deposit account.
Transferability	Freely Transferable.	After depositing ZAR funds, a user will receive their ZARx token in their wallet. Users can deposit one of two ways: Instant EFT - Immediately available EFT - 2 to 3 Business days The ZARx token is immediately available to transfer once received.
Liquidity	On-Demand
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.	ZARx is a tokenized bank deposit interest-bearing token issued by RainFin Pty Ltd.
Use Cases	Purchasing Yield Tokens.	ZARx is an entry-level token earning between 1-3% yield. ZARx tokens can be swapped for other tokens on the platform which produce a much higher yield.
Info Memo	View Info Memo

Token Overview

Minimum Purchase

1 ZARx

Minimum Redemption

1 ZARx

Purchase Frequency

24/7 via ZAR Deposits
*Can take between 2-3 business days

Redemption Frequency

24/7 via ZAR Withdrawals
*Can take between 2-3 business days

Yield and Fees

ZARx has a variable interest rate of 1-3%, which is updated daily.

Yield is compounded and paid to a users account daily.

Participants

Issuer

RainFin

Asset Manager

CAEP

Network

XCAP

Asset

ABSA Liquidity Plus Account

Secured Collateral

ZARx is secured by RainFin’s bank deposit at a tier 1 commercial bank, in a yield bearing account.

OnChain Addresses

View ZARx

Tokenization - En Commandite Partnership legal flow per subscription

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