Exits
How to turn a private-credit token back into dollars, and how long each way takes.
How an exit works
A fund pays out on its own date. An early exit is someone paying you now, taking your tokens and waiting for the fund, for a fee. If nobody will, you wait for the fund.
- 1You hold the tokenFund share, receipt or tranche
- 2 · optionalA desk or buyer pays nowMinutes, minus a fee
- 3The fund redeemsOn the fund’s schedule, at NAV
What do you hold?
Redeem with the issuer
Always available- Time to cash
- The issuer’s schedule: from instant to a queue or a monthly window
- Price
- The token’s NAVNet asset value: one token’s worth by the issuer’s books. or exchange rate
- Fee
- Set by the issuer
- Where
- The issuer’s app, linked on each token page
Exit deskBuys fund tokens for cash now, for a fee.: Fission
Live · minutes- Time to cash
- Minutes, paid in USDC
- Price
- Fund NAV, less the desk’s fee
- Limit
- Only up to the desk’s liquidity for that asset
- Takes
- ACRED · ACRDX · HYB · more
From Fission’s own site and docs, checked 10 Oct 2026.
Swap on a DEXAn onchain pool you can swap in and out of.
Depends on the token- Time to cash
- Minutes
- Price
- Market price, which can sit below NAV
- Limit
- Pool depth; large sales move the price
- Where
- Token page › Exit lists the pools
Exit options by token
Fastest route first. Click a token for its full exit section.
| Token | Issuer redemption | Exit desk | Fastest route |
|---|---|---|---|
| solmF-One Midas | — | — | — |
| STAC Securitize | — | — | — |
| sUSD.infra DAWN Foundation | — | — | — |
| sUSD3 3Jane | Start a cooldown anytime; after 30 days it can be claimed, but only if the senior/junior ratio allows it | — | Start a cooldown anytime; after 30 days it can be claimed, but only if the senior/junior ratio allows it · issuer |
| sUSDat Saturn | — | — | — |
| syrupUSDC Maple | Withdrawal queue, usually days (up to 30) | — | Withdrawal queue, usually days (up to 30) · issuer |
| syrupUSDG Maple | Withdrawal queue, usually days (up to 30) | — | Withdrawal queue, usually days (up to 30) · issuer |
| syrupUSDT Maple | Withdrawal queue, usually days (up to 30) | — | Withdrawal queue, usually days (up to 30) · issuer |
| trwaUSD TownSquare | — | — | — |
| USD3 3Jane | Redeem through 3Jane's app | — | Redeem through 3Jane's app · issuer |
| USPC Coinshift | — | — | — |
| VRPCQ R25 | — | — | — |
| VRPCS Axil | — | — | — |
| VRPCW Axil | — | — | — |
| vUSD Accountable | Periodic redemption windows, up to 30 days | — | Periodic redemption windows, up to 30 days · issuer |
| XDFIS OpenTrade (Perimeter Protocol) | — | — | — |
| xDLF OpenTrade (Perimeter Protocol) | — | — | — |
| xEPCA OpenTrade (Perimeter Protocol) | — | — | — |
| XHYC OpenTrade (Perimeter Protocol) | — | — | — |
| XUPL OpenTrade (Perimeter Protocol) | — | — | — |
| XUPL-PLUME OpenTrade (Perimeter Protocol) | — | — | — |
| xUSCLO OpenTrade (Perimeter Protocol) | — | — | — |
Leveraged positions
If you chose “a leveraged position” above, these close the loan and the fund position together
From each desk's own site and docs, checked 10 Oct 2026.
Sources: Exit desks from each desk's own site and docs, checked 10 Oct 2026 · Centrifuge redemption terms (ACRDX), checked 10 Oct 2026 · Midas redemption terms (mF-ONE), checked 8 Nov 2026 · 3Jane redemption terms (USD3, sUSD3), checked 10 Nov 2026 · Accountable redemption terms (vUSD, gAUSD), checked 10 Nov 2026. A dash means the term is not confirmed from the issuer or desk yet.