Bharat Credit Pool
India's deepest private credit, restructured into five underlying sleeves and spun into three secured debt tranches. You hold secured debt; the asset pays you. Strategic equity sits above as first-loss.
Your coupon is paid from the asset's cash flows (receivables, PPA, rent), routed through the SPV waterfall. Target only — returns are not guaranteed and depend on asset performance.
- Coupons depend on the performance of the underlying obligors. Default in a sleeve can reduce or delay distributions.
- Strategic equity (10% of stack) absorbs the first loss. The Lender of Last Resort reserve (2.5%) sits between equity and Mezzanine debt.
- Liquidity is provided through scheduled SCRA-safe windows. Between windows, your position is illiquid by design.
- Token holdings are reconciled with the SEBI-registered RTA. In a dispute, the RTA register prevails.
What actually pays the coupon.
Bharat Credit Pool is a deliberately diversified pool of secured Indian private-credit exposures. No single sleeve exceeds 30%.
Three tranches. All debt. All secured-or-better.
Strategic equity (above) absorbs first losses. Senior is paid first; mezzanine takes more risk for upside. Pick the rung that fits your mandate.
Read everything before you subscribe.
Six issuance documents. Four have a pre-baked AI Summary that highlights coupon mechanics, covenants, and risk factors in 90 seconds.
Three ERC-3643 contracts. One statutory register.
Each debt tranche is its own permissioned security token on Polygon CDK. The SEBI-registered RTA remains the legal register of truth; on-chain balances reconcile to it on every settlement.
The SEBI-registered RTA's statutory register is the source of truth; the on-chain registry mirrors it and reconciles at each sync.
Frequently asked.
Selling a ₹50 L flat takes 3–6 months. Exiting ₹50,000 in LiquiCo tokens: a scheduled liquidity window, 0.5% fee, settled same-day to a whitelisted buyer.