Chateau Capital

Structured RWA credit products.

Structured RWA credit products.

- chUSD (synthetic dollar): An overcollateralized, yield-ready synthetic dollar minted when users deposit stablecoins (USDC/USDT). It maintains a soft peg to the U.S. dollar, backed by real-world-asset collateral, with on-chain mint/redeem and arbitrage mechanisms. - schUSD (staked chUSD): A yield-accruing ERC-4626 vault token received when users stake chUSD. Yield is generated from Wall Street private credit strategies executed by Covenant VC, Chateau's hedge fund partner. - ch.asset tokenized RWAs: Tokenized private-market assets (equities, SPVs, closed-ended funds, over 1,000 pre-IPO private equities such as OpenAI, SpaceX, Anthropic, ByteDance). Each ch.asset is legally structured as a contractual debt instrument and/or participation interest in an SPV, and can be traded, staked, and used as DeFi collateral. - Covenant VC private credit strategy: A Manhattan-based hedge fund partner that supplies the private-credit portfolio powering schUSD yield, targeting mispriced risk in U.S. SME / revenue-based lending across a hyperdiversified book of 100+ positions. - Compliance layer (Reg S / KYC-AML): Protocol-embedded compliance restricting access to verified, eligible non-U.S. investors under Regulation S. Only KYC/AML-verified users may participate in primary issuances or redemptions.

- Counterparty: schUSD yield depends entirely on Covenant VC, a single external hedge-fund manager, and on the performance of its private-credit book; manager default, fraud or underperformance directly impairs holders. - Reserve / Depeg: chUSD is a synthetic dollar soft-pegged to USD and backed by RWA collateral; if underlying private-credit assets fall in value or become illiquid, the peg and redemptions can break. - Collateral: Underlying collateral is illiquid private-market assets (private credit, pre-IPO equities, SPVs) with uncertain, infrequently marked NAVs, making on-chain valuation and liquidation difficult under stress. - Regulatory: Offerings rely on Regulation S and exclusion of U.S. persons; the issuer (Chateau Capital Corp) is incorporated in Panama with SPVs in Panama/BVI, exposing users to enforcement, jurisdictional and securities-law risk if the structure is challenged. - Smart Contract: The Feb 2024 Zellic audit found 3 critical vulnerabilities in the RWA token contracts; while remediated, tokenized-RWA and ERC-4626 vault contracts remain exposed to exploit and upgrade risk.

- Private credit interval / closed-end fund (e.g., BDC or evergreen credit fund): similar — Both give investors exposure to a diversified private-credit portfolio managed by a professional Wall Street team, aiming for consistent income.; differs — Chateau wraps the exposure in on-chain tokens (schUSD) that settle instantly, allow on-chain secondary exit and use as DeFi collateral, versus TradFi funds with high minimums, lock-ups and multi-month redemption windows. - Pre-IPO secondary marketplace (e.g., Forge/EquityZen): similar — Both offer access to late-stage private equity in companies like SpaceX, OpenAI and Anthropic before IPO.; differs — Chateau tokenizes the exposure as ERC-20 tokens tradable 24/7 with $1 minimums and DeFi composability, rather than high-minimum, illiquid private placements settled off-chain.