NA Capital-as-a-Service SSTN

NA Capital-as-a-Service SSTN is a tokenized debt note that serves as the on-chain representation of a private credit transaction in North America. Tracked in the catalogue under the code PC0016245, the token provides exposure to cash flows arising from merchant cash advances extended to small and medium-sized businesses through payment facilitators. The notes are issued by Victory Park Capital Advisors in the senior secured term note (SSTN) structure referred to in the name.

Tokenization is carried out on the ZKsync Era network by Tradable, a platform that brings private credit assets onto the blockchain. The platform builds anti-money-laundering and identity verification checks into its smart contracts, so acquiring and transferring the token is generally limited to eligible investors.

This token is not a cryptocurrency or a stablecoin but a digital representation of a financial position exposed to credit risk; its price can be affected by the performance of the underlying receivables and by liquidity conditions. The value shown on Lzzo.com is based on DefiLlama's US dollar reference and is for information only.