Overview & Features
Token Details
Proof of Reserves

USD Private Credit Token

Backed by Garrington Private Credit Strategy

Buy USD-PCView Factsheet

About USD-PC

The USD Private Credit Token is issued by Garrington Private Credit en Commandite Limited Partnership. Capital contributions to the Garrington ECP are invested in a portfolio of, primarily, senior secured loans which are underpinned by tangible assets (the “ECP Private Credit Strategy” or the “Strategy”).

The Strategy aims to achieve consistent, risk-adjusted net USD returns of 8-10% pa with minimal levels of volatility. Garrington Capital, as the manager of the Strategy, has 25 years of experience in the space and a 10-year track record of managing the Garrington Private Credit Strategy.

USD-PC
≈ 9% APY

Available on

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Proof of Reserves
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Historical Net Performance

This data is for informational and discussion purposes only and is not intended to be, nor shall it be construed as, advice or any recommendation or an offer, or the solicitation of any offer, to buy or sell an interest in any security, including an investment in Garrington Private Credit Fund or Garrington Private Credit Fund II Ltd. This data is provided on an “as-is” basis and no other representations, conditions or warranties, whether express or implied, are made.

Key features

Access to Private Credit Opportunities
The underlying Fund aims to achieve consistent, risk-adjusted returns with minimal volatility and low correlation to most traditional asset classes.
Liquidity & Flexibility
Trading liquidity with stablecoin (USDC/USDT) minting and redemption capabilities allowing for seamless currency conversions when needed.
Low Fees
Annual expenses are capped at 0.25% of the total purchase price of each token, offering competitive rates compared to traditional investment options.
Security & Regulation
Issued under South African CASP and FSP licenses, ensuring full compliance with local financial and crypto regulations.
Tokenised Structure
Each Token represents a capital contribution to the Garrington Private Credit En Commandite Limited Partnership, providing transparency and reducing counterparty risks.
SignupProof of Reserves
Trading liquidity is subject to platform availability and market conditions. Stablecoin minting and redemption capabilities are provided for convenience and are subject to terms, fees, and regulatory compliance. USD conversions are processed at prevailing exchange rates and may involve intermediary fees. Please refer to the Subscription Documents for full details.

Why corporate USD holders should consider USD-PC.

Currency Diversification
Protect corporate reserves by diversifying ZAR into USD-denominated assets without complex cross-border processes.
Stable Returns
Targeting a net USD return of 8-10% annually, USD-PC offers consistent and reliable income compared to traditional ZAR-denominated instruments​.
Regulatory Compliance
RainFin’s tokenization platform ensures full adherence to South African regulations, providing peace of mind for corporates navigating the evolving financial landscape​.
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Investment process

Initial Purchase

Corporates can acquire USD-PC tokens directly through the Dollarise platform using USD, which is converted into USD-backed stablecoins.

Ongoing contributions

Corporates can increase their token holdings as needed, with all investments fully tracked and auditable via blockchain technology.

Redemption flexibility

Tokens can be traded  24/7, ensuring liquidity for operational needs while maintaining capital in USD.
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How to get started

1

Registration

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Initial Purchase

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Manage Your Investment

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Redemption & Liquidity

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USD Private Credit Token

Token Details and Information

Buy USD-PCView on XCAP

Token Overview

Valuations
Daily
Liquidity - Secondary Market
Daily
Liquidity - Redemptions
Monthly
Minimum Purchase
No minimum
Trading liquidity is subject to platform availability and market conditions. Please refer to the Subscription Document for full details.

Yield and Fees

USD-PC offers exposure to the Garrington Private Credit Strategy, which has historically delivered net returns of approximately 10% annually and is targeting net USD returns of 8-10% par annum.
Yield is seamlessly embedded into the token's value, adjusting the NAV (Net Asset Value) daily to reflect accrued returns. This automatic adjustment ensures that holders benefit proportionally from yield generation without needing additional actions like staking or claiming rewards. As a result, the token's price evolves to transparently account for its performance over time.
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Participants

Issuer
Garrington Private Credit
En Commandite Limited Partnership
Asset Manager
Garrington
Network
XCAP & Arbitrum
General Partner
RainFin (Pty) Ltd

Secured Collateral

USD-PC is secured by shares of Garrington Private Credit En Commandite Limited Partnership.

OnChain Addresses

XCAP: ERC20 Token Contract
Arbitrum: ERC20 Token Contract

Tokenization - En Commandite Partnership legal flow per subscription

USD Private Credit Token

Proof of Reserves

Buy USD-PCView on XCAPView on Arbiscan

USD-PC

Limited Partner Token

5,000,000

5,000,000 USD
Verify

Private Credit Note Reserve Token

5,000,000

5,000,000 USD
Verify

Garrington Private Credit Fund II Ltd. shares

5,025.817193

5,000,000 USD
01/12/202413/01/2025

≈ 9%

Target APY

100%

Returns (YTD)

$1.00

USD-PC Token Price

$1,015.06

Share Valuation 10/01/2025

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RainFin (Pty) Ltd is compliant with South Africa’s Banks Act, CPA, National Payment System Act, Electronic Communications Act, POPI, NCA, Financial Intelligence Centre Act, and relevant Income Tax Act. RainFin is also a Registered Financial Services (FSB 45756) and Credit Provider (NCRCP 5587).