Centrifuge reports asset-backed credit inflows for a second week

RWA Signal Insight
Private CreditCentrifuge has reported a second consecutive week of inflows into asset-backed credit, signaling sustained investor interest in tokenized real-world assets. This trend is supported by a Q3 2026 Dune Analytics report, which reveals that the total value of tokenized credit has more than doubled over the past year. Approximately two-thirds of this growth is driven by traditional lending products, such as home-equity lines and middle-market loans, rather than speculative assets. Furthermore, tokenized credit has emerged as the primary form of real-world asset collateral within decentralized finance lending protocols. Centrifuge is actively expanding its footprint by deploying high-yield bond products on Circle’s Arc and the Stellar blockchain. The increase in holder counts and total value on Stellar suggests that the firm's multichain strategy is gaining traction. As these assets become more integrated into DeFi, the stability of lending protocols is increasingly tied to the performance of underlying real-world borrowers. This shift highlights a broader market maturation where established financial instruments are successfully migrating to blockchain infrastructure.
Key points
- Tokenized credit market value has more than doubled over the past year per Dune.
- Traditional lending products account for two-thirds of the total tokenized credit growth.
- Tokenized credit is now the leading RWA collateral category in DeFi lending protocols.
- Centrifuge reported two consecutive weeks of inflows into its asset-backed credit products.
Background
Centrifuge is a decentralized protocol designed to bridge real-world assets to the blockchain by enabling the tokenization of private credit and fixed-income products. It allows businesses to access liquidity by using assets like invoices or real estate as collateral, which are then converted into on-chain tokens for investors. The platform operates as a multichain ecosystem, facilitating the issuance and management of these yield-bearing assets across various blockchain networks.