NA Music Royalties SSTL 

PC0000061 Price

What is the NA Music Royalties SSTL token (PC0000061)?

NA Music Royalties SSTL (PC0000061) is a tokenized senior secured term loan issued by Tradable, a Chicago-based private-credit tokenization platform founded in 2024. The underlying asset is a music-royalties senior secured delayed draw loan — a line of credit to a company that advances cash to music artists, recouped from future royalty revenues, with an 11% target net return. Tradable lists the deal as closed and reports $2B+ of value tokenized on-chain across 40+ deals. Per DropsTab data, PC0000061 carries a declared issuance cap of 100,000,000 tokens.

Does the PC0000061 token represent equity or debt?

PC0000061 represents debt, not equity. The instrument is a senior secured term loan — credit exposure secured by royalty receivables — so holders carry loan claims rather than ownership of songs, artists, or any music catalog. Aggregators list the token under a "Tokenized Stock" label, but the underlying asset is a loan. Investor economics accrue through platform distributions and redemptions rather than through song-royalty payouts.

Is NA Music Royalties SSTL connected to the rapper Nas or Royal.io?

No. "NA" in the deal name does not refer to the rapper Nas, and PC0000061 is unrelated to Royal.io — the project that sold fractional royalty interests in Nas's songs as NFTs in 2022. The ticker refers to a senior secured term loan in Tradable's private-credit lineup. Search results claiming the token grants song-royalty ownership are incorrect.

What backs the value of the PC0000061 tokenized loan?

The value of PC0000061 is backed by a single underlying loan: a line of credit to a company providing cash advances to music artists, repaid from future royalty revenues. The loan is senior secured, giving it priority over junior claims on the borrower. Concentration is the structural risk — the instrument's economics depend on one borrower and one issuer platform.

Who is behind Tradable, the issuer of NA Music Royalties SSTL?

Tradable is a Chicago-based platform founded in 2024 that tokenizes private-credit strategies for asset managers. ParaFi Capital made a strategic investment in Tradable, announced January 16, 2025. Existing ecosystem partners include Victory Park Capital, Janus Henderson Investors, Matter Labs, and Spring Labs. In July 2026, Tradable announced plans to bring up to $1B in private-credit assets to Stellar as a multi-chain extension.

Which blockchain hosts the PC0000061 token contract?

PC0000061 is deployed on zkSync as an ERC-20 contract at 0x5895024c953bee18d5f026bfcf6259bb2d79e12d. Tradable brought $1.7B in tokenized alternative assets — nearly 30 institutional-grade private-credit positions — to zkSync in January 2025. RWA.xyz data cited in the announcement briefly ranked zkSync as the #2 chain for real-world assets.

Can retail investors buy NA Music Royalties SSTL on crypto exchanges?

No. PC0000061 is not listed on centralized or decentralized exchanges — per DropsTab data, no spot or derivative venues track the token. The instrument transacts, if at all, on Tradable's compliance-gated platform, which lists institutional-grade deals with stated minimums in the $5M–$10M range. No ICO, IDO, airdrop, or earning campaign offers public purchase of this instrument.

How liquid is PC0000061?

Liquidity in PC0000061 is extremely limited. The instrument offers no public-market exit: holdings and transfers are gated by programmatic compliance (AML/KYC, accreditation, transfer restrictions), and any liquidity runs through Tradable's redemption or secondary mechanisms, bounded by the loan's maturity. Aggregator price prints near $1.00 reflect a nominal snapshot, not an organic liquid market, and should not be read as tradable liquidity.