EUR / other

XECLO · issued by OpenTrade (Perimeter Protocol); asset manager Five Sigma; custodian J.P. Morgan. verified

The terms

Issuer

OpenTrade (Perimeter Protocol); asset manager Five Sigma; custodian J.P. Morgan

Jurisdiction

Cayman Islands

Chains

Avalanche C-Chain

Contracts

No contract address could be established from public sources. That is a disclosure gap on the issuer, and it is recorded as one.

Yield basis

Not disclosed. Return is described as a combination of income and capital growth from an actively managed portfolio of AAA-rated EUR-denominated CLOs, tracking the Janus Henderson EUR AAA CLO Active Core UCITS ETF (JCLO) at a 99% target allocation. NAV moved +0.83% over 30 days per RWA.xyz, which is not an annualised yield. source

Size

$0 source

Minimum

100,000 EURC

Who may hold it

Accredited, institutional and professional investors only. Retail explicitly ineligible under OpenTrade's general eligibility policy. KYC/AML and sanctions screening mandatory. source

Redemption

Withdrawal requests settle T+1 if made before the 18:00 GMT cut-off, up to a maximum of T+2. Slower than the money-market vault because the underlying is a CLO ETF. source

Cost to enter

0% management fee, 0.50% performance fee, plus 50bp APR applied to the underlying portfolio yield (RWA.xyz). 100,000 EURC minimum. Institutional onboarding.

Transferability

Permissioned. Transfers only between allowlisted wallets.

Secondary liquidity

None. Token supply is effectively zero.

What we think you should know

Sources

• https://docs.opentrade.io/stablecoin-yield-vaults/stablecoin-yield-vaults/eurc-collateralised-loan-obligations-vault.md
• https://docs.opentrade.io/stablecoin-yield/stablecoin-yield-vaults/money-market-fund-vaults
• https://app.rwa.xyz/assets/XECLO
• https://docs.opentrade.io/getting-started/onboarding/eligibility-requirements.md

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