Solidus/Instruments/sCRED
sCRED · SOLIDUSPrivate creditScoped

Senior Secured Credit.

A token backed by senior secured lending against real collateral. The highest target on the standard, and the one where the underwriting matters most.

Follow for the mint All instruments
Asset class
Private credit
Term
6–24 mo
Target yield
9.0–11.5%
Backing
1:1

What backs sCRED.

Every sCRED token is a claim on senior secured loans, meaning first in line to be repaid and backed by a lien on real collateral. Higher yield reflects real credit risk, underwritten conservatively rather than reached for.

Underlying
Senior secured private credit. Loans that sit first in the repayment queue and are secured by a lien on real collateral.
Held as
Loan positions held through a dedicated structure, with collateral and lien documentation as the backing record.
Marked to
The performing value of the loan book, adjusted for any impairment. sCRED reflects real credit condition, not a fixed figure.
Yield source
Interest paid by borrowers on secured loans, after expected loss assumptions. Real cashflow that carries real risk.
Redemption
A claim on the loan book. Private credit is term and illiquid, so redemption follows defined windows once the instrument is live.
How it is structured

From real asset to a claim you can trace.

01 · Anchor

Loans are secured

Capital is lent senior and secured by a lien on real collateral, underwritten conservatively before anything is tokenized.

02 · Mark

The book is attested

Loan positions, collateral, and performance are reported on-chain, so the backing behind sCRED can be verified against the book.

03 · Hold

You hold a senior claim

Each token is a claim on the secured loan book, first in line for repayment and marked to its real performing value.

What to know

Risk, plainly stated.

sCRED carries real credit risk

  • Borrowers can default. Senior secured lending is first in line and collateralized, but recovery is never guaranteed. The target range is indicative and reflects real risk.
  • Higher yield means higher risk. sCRED sits at the top of the target range on the standard for exactly this reason.
  • Private credit is term-based and illiquid. Redemption follows defined windows, not instant exit.
  • sCRED is a claim on a secured loan book. It is not a bank deposit and is not insured as one.
sCRED is scoped and not yet minted. Terms are indicative and subject to change before the instrument goes live. Nothing here is an offer to sell or a solicitation to buy any security. Follow @solidusfi for the mint, attestation reports, and full terms.
The rest of the standard

Other instruments.

sUST

Short US Treasury

Rolling 1-3 month government bills.

sGOLD

Allocated Gold

Serialized bullion in a named vault.

sPRIME

Prime Real Estate Income

Income property, deed and rent roll.

Marked to reality.

Follow Solidus for sCRED attestation and the assets going on-chain.

Follow @solidusfi