Shroud of the Fate Watcher

When this leaves the arena, create a Sigil of Fate token.

Blade Break

Rulings

From the Compendium of Rathe release notes

Shroud of the Fate Watcher triggers when it leaves the arena (e.g. when it is destroyed, when it is banished, etc.). You will create a Sigil of Fate token when the triggered effect resolves.

Keyword notes

Bladebreak - Equipment that are fragile and break after being used to defend. If you defend with a card with Blade Break, destroy it when the combat chain closes.

When you defend with a card it remains on the combat chain until the chain closes, therefore you cannot defend with an equipment multiple times on the same combat chain.
When this card is destroyed, it is sent to your graveyard.
The ability becomes a layer on the chain when the combat chain closes.
The Blade Break ability becomes a layer on the chain when the combat chain closes.
The ability goes on the stack when the combat chain closes.

All keywords

ClassWizard

TypeEquipment

SubtypesHead

Defense0

KeywordsBlade Break

SetsPEN