10.15% effective USDC. Stated, not surprised.
A USDC-collateralised loan for diaspora households resident in Europe and financing real estate in their country of origin. One contractual rate, one currency, a bullet in-fine structure calibrated to a multi-year investment horizon.
Headline cost — 13.00% USDC contractual + 1.20% FX hedge + 0.15% custody = 14.35% gross, reduced by ~4.20% via SCPI yield sponsoring (70% of the SCPI dividend, redirected to the borrower).
Process
- 01Eligibility screen
A short form covers country of residence in Europe, country of the destination property, monthly income (target > €2,000), USDC savings band and project horizon. Reviewed within two business days.
- 02KYC & source-of-funds
Reinforced AML-CFT under MiCA / TFR (Travel Rule): ID, proof of European residence, 6-month bank statements, employment or business proof, on-chain origin of the USDC collateral. Diaspora-aware — we read non-European documents.
- 03Collateral deposit
USDC posted to the RAIF's depositary wallet. 90% of the collateral is converted into EUR and used by the fund to acquire diversified European SCPI parts on its own balance sheet.
- 04Term sheet
Stated 10.15% effective USDC rate, bullet in-fine structure (3 to 5 years typical), four exit options at maturity: local refinancing, sale of the property, USDC collateral release, or Nova re-loan.
- 05Disbursement
USDC loan proceeds released to the borrower's nominated counterparty in the destination corridor, against the property project. Funds are observable and reconciled by the depositary.
Corridors covered — Phase 1
Borrowers must be tax-resident in an eligible European jurisdiction where the 10.15% USDC effective rate sits below the local usury ceiling. The destination property is in the borrower's country of origin. France is excluded as a residence corridor (Banque de France usury caps); Poland, Slovakia and Slovenia are excluded for the same reason.
- UK
- Germany
- United States
- Gulf states
- Australia
- EU
- Nigeria
- Turkey
- Brazil
- Lebanon
- Philippines
- Argentina
Indicative product description. Nova France SAS is in the process of being constituted and its CASP authorisation (MiCA) is pending; the Nova Luxembourg RAIF is not yet established. Operational launch is targeted for 2027, with a restricted demonstrative phase in late 2026.