> ## Documentation Index
> Fetch the complete documentation index at: https://yieldxyz.mintlify.site/llms.txt
> Use this file to discover all available pages before exploring further.

# Securitize

> Subscribe USDC into a Securitize tokenized fund on Ethereum, Polygon, or Avalanche C-Chain and redeem by transfer to the fund's redemption wallet.

Securitize is a real-world-asset issuer with four funds on yield.xyz, each gated by Securitize's DS Registry whitelist. Each fund's `kyc.eligibility` metadata allow-lists only the US and its territories and lists a required investor tier; eligibility is set by the issuer. Every fund shares the same mechanics: an on-ramp contract for subscriptions and a fixed redemption wallet for exits.

## Availability

| Fund | Networks | Input token | Position token | KYC |
| - | - | - | - | - |
| ACRED (Apollo Diversified Credit) | Ethereum, Polygon, Avalanche C-Chain | USDC | ACRED | Required (accredited investor tier in `kyc.eligibility`) |
| VBILL (VanEck Treasury Fund) | Ethereum | USDC | VBILL | Required (qualified purchaser tier in `kyc.eligibility`) |
| STAC (Securitize Tokenized AAA CLO Fund) | Ethereum | USDC | STAC | Required (accredited investor tier in `kyc.eligibility`) |
| HLSCOPE (Hamilton Lane Senior Credit Opportunities) | Ethereum, Polygon | USDC | HLSCOPE | Required (qualified purchaser tier in `kyc.eligibility`) |

List the Securitize yields enabled for your project with [`GET /v1/yields`](/api-reference/YieldsController_getYields) filtered by `providers=securitize`.

All four funds set `kycRequired: true` and `kycMode: external_redirect`, with `defaultPolicy: deny` on eligibility: only the US and its territories are allow-listed (`usPersonAllowed: true`), enforced both on-chain by the DS Registry whitelist and by IP at action creation. See [RWA KYC](/documentation/earn/rwas/kyc) for the generic verification flow.

## Entering

The enter argument is `amount`, in USDC. Before building the transaction, yield.xyz checks the wallet against the fund's DS Registry whitelist, then enforces a minimum subscription: ACRED requires 50,000 USDC for a first subscription and 10,000 USDC once the wallet already holds a balance; STAC requires 100,000 USDC first and 1,000 USDC subsequently; HLSCOPE requires 10,000 USDC first and 1,000 USDC subsequently. VBILL sets no fund-level minimum beyond the on-chain minimum the on-ramp contract enforces directly. Subscribing swaps USDC for the fund's token through the on-ramp contract in a single transaction.

## Exiting

Exiting is a transfer, not a redemption call: the exit argument `amount`, in the position token, is sent by an ERC-20 transfer to the fund's redemption wallet, and Securitize processes the payout off-platform from there. `status.enter` and `status.exit` are always `true`; a paused fund would reject the on-chain transaction itself.

<Warning>
  Redemption settlement timing depends on the fund and is not tracked as an on-chain claim: ACRED settles on a 90-day cooldown, STAC on 3 days, and HLSCOPE on 30 days. VBILL sets no cooldown in its metadata.
</Warning>

## Rewards and position

Yield accrues in the position token's net asset value relative to USDC; reward claiming is automatic. ACRED is value-accruing with no distributions, so its `apy` reflects annualized NAV growth since inception rather than a payout rate. Which fee types you can configure on this yield is listed in `mechanics.possibleFeeTakingMechanisms`; see [Monetization](/documentation/earn/monetization).

## Next steps

<Columns cols={2}>
  <Card title="RWA KYC" icon="id-card" href="/documentation/earn/rwas/kyc">
    Discover KYC requirements and route users through issuer onboarding.
  </Card>

  <Card title="Action lifecycle" icon="arrows-rotate" href="/documentation/earn/core-concepts/actions">
    Request, sign, and submit enter and exit actions.
  </Card>
</Columns>


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