RWA · Structured Products · CHATEAU
Structured RWA credit products.
Structured RWA credit products.
Assets under management
$1.0M
Latest data · 15 min delay
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.
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.
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.
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.
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.
