chUSD:
31.1% APY, 2.3 Sharpe*
Wall Street Private Credit Yields

The ch.AD token represents the value of a $1 investment in Chateau Alternative Debt—Chateau's tokenized feeder vehicle into Covenant VC's Credit Income Opportunities Fund. The fund targets the underserved segment of small to mid-sized enterprises (SMEs) with under $25M in cash flow—businesses often locked out of traditional bank financing and forced to raise costly equity. By bridging this 'funding gap' with efficient, collateral-backed credit, the strategy captures mispriced risk in a multi-trillion-dollar private debt market.

Covenant VC, the underlying fund manager, applies institutional-grade underwriting, intensive due diligence, and ongoing monitoring to each deal. Capital is diversified across borrowers, structures, and industries, reducing idiosyncratic risk and enhancing portfolio resilience. This disciplined process supports a high Sharpe ratio, offering investors superior risk-adjusted returns in an otherwise opaque asset class.\n\nThrough ch.AD, investors gain on-chain access to a professionally managed, high-conviction private credit strategy with built-in risk controls and quarterly-aligned fees.