South Africa-based VALR, Africa’s largest cryptocurrency exchange by trading volume, has taken a major step in merging traditional finance with the digital asset ecosystem. The company has officially launched the Garrington Capital USD Private Credit Token (USDPC) on its platform—an innovative, yield-generating crypto asset that represents tokenized exposure to private credit investments in North America.
Founded in 2018, VALR has grown into a leading digital asset platform, offering users the ability to buy, sell, store, and transfer over 60 cryptocurrencies, including Bitcoin—the broadest selection available on any African exchange. The platform is fully licensed by South Africa’s Financial Sector Conduct Authority (FSCA) as a Virtual Asset Service Provider (VASP), and it holds regulatory approvals in Europe, along with initial authorization from Dubai’s Virtual Assets Regulatory Authority (VARA).
VALR serves a global user base of more than 1.4 million individual traders and over 1,400 corporate and institutional clients, offering a comprehensive suite of crypto services. These include spot and futures trading, staking, lending, over-the-counter (OTC) trading, and VALR Pay—a payment solution designed to simplify crypto transactions.
The newly listed USDPC token is issued by RainFin and backed by the Garrington Private Credit Strategy, managed by Canadian-based Garrington Capital. This strategy focuses on a diversified portfolio of senior secured, asset-backed private loans across North America, targeting annual returns of 8–10%. The token offers a compelling opportunity for stablecoin holders, asset managers, and businesses to access consistent, risk-adjusted returns with low correlation to traditional equity and bond markets.
By tokenizing private credit—a traditionally illiquid and exclusive asset class—USDPC enables broader access to institutional-grade investment opportunities. It also provides a hedge against currency volatility, a key concern for many African investors and businesses operating in unstable macroeconomic environments.
VALR is currently the only crypto exchange in Africa offering this type of real-world asset tokenization, positioning itself at the forefront of a global trend that is reshaping how financial products are accessed and distributed.
According to Farzam Ehsani, co-founder and CEO of VALR:
We are thrilled to bring USDPC to our clients, bridging the gap between traditional finance and the crypto ecosystem. This product underscores VALR’s commitment to providing more people around the world with access to financial products that have traditionally been highly exclusive, and offering innovative investment solutions that truly empower our customers.
This launch follows VALR’s successful US$50 million Series B funding round in March 2022, which was one of the largest ever for an African crypto company. The company continues to expand its product offerings and regulatory footprint, reinforcing its mission to democratize access to financial services through secure, transparent, and innovative digital infrastructure.
