Meridian Private Credit

What the team needs to solve

Meridian Private Credit required a disciplined framework to raise and administer capital against private-credit opportunities while preserving clear separation among originator, borrower, issuer, collateral, investor rights and servicing responsibilities. The model needed to support controlled participation, loan-level transparency and a clear waterfall for collections, expenses, reserves and investor payments.

How the workflow is structured

Fundshing designed a proposed compartmentalised private-credit tokenization model. A dedicated issuer or financing SPV would originate, acquire or participate in approved loan assets, while eligible investors would receive defined interests in the issuing structure. Each token series can be associated with a specific loan, borrower group or approved pool, allowing the economics, risk profile, security package and repayment terms to be recorded separately. Tokens represent the contractual rights established in the final offering and transaction documents, not direct ownership of a borrower’s assets or collateral.

What the operating model enables

• Loan- or pool-specific participation framework
• Clear collections, reserve and payment-waterfall logic
• Structured records for drawdowns, repayments and credit events
• Configurable eligibility, lock-up and transfer restrictions
• Improved investor reporting and operational transparency
• Scalable structure for multiple approved credit strategies
• Clear allocation of responsibilities among issuer, originator, servicer, counsel, regulated providers and technology provider