Private Credit · EMEA · Vintage 2025

Meridian Opportunistic Credit

Meridian Capital

Special situations and distressed credit across European secondary markets. EUR-USD hedged.

Terms

Total fund size: 30,000,000 USDC
Target IRR: 14.0%
Price / unit: 500 USDC
Min ticket: 100,000 USDC
Required KYC: Qualified
Settlement by: Aug 15, 2026

Subscription progress

42,000 / 60,000 units sold70%

Remaining capacity: 18,000 units (9,000,000 USDC)

Privacy guarantee

On Canton, this deal contract has signatories issuer and custodian, with observers limited to the invited investor list. Non-invited parties scanning the ledger see nothing — no name, no terms, no capacity, no proof the deal exists at all. Your subscription, when created, is signed by issuer and you only — other invited investors do not see it. See daml/Tests/PrimaryTests.daml for the two privacy proofs.

Atomic DvP on Canton: in one ledger transaction we verify your KYC disclosure, transfer your cash leg, update deal capacity, and create your PrivateSubscription. If any step fails the whole thing rolls back.

Units1 unit = 500 USDC. Min ticket 100,000 USDC.

Cash required100,000 USDC

KYC requiredQualified

Settlement by8/15/2026

Min ticketOK

CapacityOK

Demo preview

Clicking Subscribe in production posts to POST /api/canton/investments (to be wired) which exercises PrivateDeal.AcceptSubscription with your KYC disclosure + cash contract id. For the hackathon demo we surface the preview only.

What happens on Subscribe

1. Disclose your KYC attestation to the issuer (Canton Disclose choice).
2. Sign the AcceptSubscription command jointly with the issuer (submitMulti).
3. Atomic on-ledger: cash → custodian, capacity updated, PrivateSubscription created.
4. Failure modes (over-cap, wrong KYC, insufficient cash) roll the entire transaction back.