Hi all,
Happy to announce today that Karmen (as Arranger) has secured additional debt financing to power our deployment of short term, working capital loans to French (and soon European) SMBs.
As such, we have opted to early repay all of the outstanding Mezz Unitranche Token that was issued in June 2024.
Tokenholders will receive all outstanding interest due, along with all notional principal oustanding, by the end of November 2024, marking a complete and succesful 6 months cycle for this tokenisation between Karmen, Untangled Finance, Infinite Tokens, and Fasanara Capital.
While there has been some abuses in the overall DeFi lending category over the last few years, we are proud to have been one of the successful pilots for this new exciting technology. Getting to a full repayment cycle (with a >17% annualised yield for tokenholders) demonstrates the high potential for issuers and lenders of tokenisation of financial instruments, powered by Untangled innovative technology, and we look forward to watching this technology emerge.
We thank all the tokenholders who trusted us and participated in this Mezz Unitranche Token, and look forward to seeing future operations like this develop.
Feel free to reach out with any questions.
Best,
Gabriel Thierry - CEO of Karmen