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?
Take it out first: repay the loan and withdraw the collateral, or leave the vault. A PT can be sold on its market or held to maturity. Then these routes apply.
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
- A PT sells on its own Pendle or Exponent market
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 options by token
Fastest route first. Click a token for its full exit section.
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.