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Credit (Private Credit)

Centrifuge brings tokenized Treasury and credit funds to Arc

Centrifuge has officially deployed three tokenized funds from Janus Henderson and New York Life Investment Management onto its newly launched Arc blockchain. The integration, which went live on October 1, 2026, follows the Arc mainnet launch by only two weeks. The offerings include AAA-rated collateralized loan obligations (CLOs) and high-yield corporate bonds, marking Centrifuge's first foray into the high-yield credit market. All assets are issued as ERC-4626 compliant tokens, ensuring seamless interoperability with Ethereum-compatible decentralized finance applications. By expanding the range of available collateral beyond standard Treasury products, this move aims to attract greater institutional capital to the on-chain ecosystem. The inclusion of high-yield corporate bonds introduces new risk-return profiles that require careful pricing by developers using these assets as collateral. This development signals a growing trend of traditional financial institutions utilizing specialized, institutional-grade blockchains for asset tokenization.

#Centrifuge #Tokenization #PrivateCredit

cryptobriefing.com·Oct 2, 20268.0

Credit (Private Credit)

Tokenizing private credit won’t fix who bears the losses

Benjamin Sarquis Peillard, CEO of Cap, argues that while tokenization improves settlement speed and transparency in private credit, it fails to address fundamental underwriting flaws and misaligned incentives. Despite tokenized real-world assets reaching $33 billion and private credit accounting for over $18 billion of that total, the sector faces rising default rates and significant liquidity backlogs. Fitch Ratings reported a 5.8% default rate in U.S. private credit as of January 2026, with investors facing $9.7 billion in unmet redemption requests by the second quarter of 2026. Tokenization currently acts as a distribution channel rather than a structural fix, often leaving investors exposed to the same principal-agent risks found in traditional finance. Peillard proposes a shift toward on-chain models where originators must stake their own capital as collateral to ensure accountability. By using smart contracts to enforce these guarantees, the system can ensure that losses are absorbed by the underwriters rather than passive capital providers. This approach leverages blockchain for objective enforcement while maintaining the necessity of human expertise in credit assessment.

#RWA #Tokenization #PrivateCredit

thefr.com·Sep 25, 20267.5

Credit (Private Credit)

RockawayX allocates $150 million to expand onchain private credit strategy

Investment firm RockawayX has announced a $150 million commitment to bring private credit, trade finance, and other yield-generating assets onchain. This initiative aims to capture the growing demand for high-yield, non-crypto-correlated assets, with the firm targeting returns exceeding 12%. By leveraging blockchain infrastructure, RockawayX intends to improve liquidity for traditionally illiquid assets like supply-chain finance, specialty asset-backed securities, and CLOs. CEO Viktor Fischer emphasizes that the primary challenge lies in establishing robust distribution and exit mechanisms rather than the technical process of tokenization itself. The firm projects the total tokenized asset market could reach $10 trillion to $20 trillion by 2030, significantly outpacing some institutional forecasts. To execute this strategy, RockawayX is actively recruiting professionals with expertise in both traditional asset underwriting and crypto-native structuring. This move highlights the intensifying competition among investment firms to integrate complex, high-yielding financial products into the digital asset ecosystem.

#RWA #Tokenization #PrivateCredit

tradersunion.com·Sep 24, 20267.5

Credit (Private Credit)

Tokenized asset market in Brazil reaches R$10bn

The Brazilian tokenized asset market experienced a tenfold increase over the past year, reaching R$10 billion in August 2026. According to the 2026 Brazil Tokenization Report by Nexa Finance, this growth is heavily skewed toward private credit, which accounts for 88% of the total volume. While the market has expanded significantly compared to the global growth rate of twofold, it still represents only a small fraction of Brazil's broader financial sector. Regulatory frameworks like CVM Resolution 88 and Resolution 160 have been instrumental in facilitating this transition, with the latter now serving as the primary channel for public securities offerings. The CVM, led by Otto Lobo, is actively formalizing oversight through a proposed DLT Pilot Program to test the issuance and settlement of various securities. This initiative aims to integrate blockchain-based assets into the traditional regulatory environment while providing the commission with real-time transaction visibility. The shift signals that Brazil is moving beyond experimental phases into operational maturity for tokenized financial instruments. This development highlights the country's proactive approach to digitizing traditional credit and receivables markets.

#Tokenization #PrivateCredit #DLT

valorinternational.globo.com·Sep 23, 20268.0

Credit (Private Credit)

New York Life Moves High-Yield Bonds Onchain With Centrifuge

New York Life Investment Management (NYLIM), which oversees over $300 billion in assets, is partnering with Centrifuge to bring a high-yield corporate bond strategy onto the Avalanche blockchain. This initiative utilizes USDC as the primary mechanism for subscriptions and redemptions, marking a shift from traditional settlement processes to blockchain-based infrastructure. Unlike retail-focused digital assets, this product is strictly limited to qualified institutional buyers, maintaining the conventional risk and return profile of high-yield corporate credit. By moving beyond tokenized government debt and cash-like assets, the project tests the viability of public blockchains for more complex institutional fixed-income products. Centrifuge provides the necessary tokenization technology, while Avalanche serves as the underlying network for ownership and servicing. This development highlights the growing interest among major asset managers in leveraging distributed ledger technology to potentially streamline capital movement and operational workflows. Ultimately, the move represents an institutional experiment in integrating blockchain into established financial markets without altering the fundamental nature of the underlying corporate bonds.

#Centrifuge #PrivateCredit #InstitutionalFinance

cointrust.com·Sep 22, 20268.0

Credit (Private Credit)

Avalanche RWA Expands As Major Asset Managers Move Credit Onchain

The Avalanche blockchain has surpassed $2 billion in total value of tokenized assets as it expands its institutional credit offerings. Major asset managers, including Wellington Management, Fasanara Capital, and New York Life Investment Management, have launched tokenized products on the network. These new offerings include the mWIN and mGLOBAL funds, which provide exposure to fixed-income and alternative debt strategies, alongside a high-yield corporate bond fund (HYB) launched via Centrifuge. By bringing these traditional financial instruments on-chain, Avalanche is shifting its RWA focus beyond government bonds and money-market equivalents into corporate and alternative credit. This development allows institutional investors to access conventional portfolios through blockchain-based digital solutions. Furthermore, these tokenized assets are designed to be interoperable with the broader Avalanche DeFi ecosystem, enhancing liquidity and utility. The entry of these large-scale asset managers signals a significant maturation of the network's institutional infrastructure. This trend highlights the growing industry preference for using blockchain technology to streamline the distribution and settlement of traditional financial products.

#Centrifuge #Tokenization #PrivateCredit

tronweekly.com·Sep 22, 20268.0

Credit (Private Credit)

Aave Surges 3.15% on RWA Hub Launch and BTC Narrative

Aave is expanding its institutional credit infrastructure by launching an Aave V4 RWA Hub on the Avalanche blockchain, marking the protocol's first deployment of this architecture outside of Ethereum. This strategic move positions Aave as a central venue for institutional tokenized credit, directly impacting its governance and fee-capture token, AAVE. Simultaneously, the protocol is gaining narrative momentum through its expected integration into Circle’s new Digital Asset-Backed Borrowing (DABB) service. This service allows institutions to deposit Bitcoin to mint cirBTC and borrow USDC, with Aave identified as a planned venue for these collateral flows. These developments, combined with a broader risk-on crypto market environment, have contributed to recent positive price performance for the AAVE token. By diversifying its RWA footprint across high-performance chains, Aave is reinforcing its role as core infrastructure for the growing institutional RWA sector. The convergence of new product launches and institutional partnerships provides a clear catalyst for the protocol's increased market visibility. This expansion signals a shift toward multi-chain institutional lending, further cementing Aave's competitive standing in the DeFi landscape.

#RWA #Aave #Circle

coinmarketcap.com·Sep 22, 20267.5

Credit (Private Credit)

On-chain private credit platform Tenka closes pre-seed round led by Maven 11

Tenka has successfully closed an undisclosed pre-seed funding round led by Maven 11, with additional participation from Gami Capital and various angel investors. The company is developing market infrastructure designed to bridge the gap between the origination, placement, and secondary trading of asset-backed finance instruments. By focusing on consumer loans, business receivables, and equipment leases, Tenka aims to solve the inherent illiquidity issues currently plaguing private credit markets. The platform utilizes structured book-building to aggregate investor interest while incorporating standardized collateral reporting and independent valuation tools. Through a strategic collaboration with Tranched, Tenka integrates onchain securitization tooling to streamline settlement and price discovery processes. This infrastructure allows originators to access new capital pools directly onchain while providing investors with a mechanism to exit positions through secondary market transfers. The initiative represents a significant effort to modernize private credit by enabling liquidity for long-duration assets without requiring maturity transformation.

#PrivateCredit #Liquidity #AssetBackedFinance

cryptorank.io·Sep 18, 20267.0

Credit (Private Credit)

NY Life Launches HYB Tokenized High-Yield Bond Fund on Avalanche

NY Life Investment Management has launched a tokenized high-yield corporate bond strategy, represented by the ticker HYB, on the Avalanche blockchain. Facilitated by the Centrifuge protocol, this initiative marks a significant shift in the RWA sector by moving beyond standard government debt products toward actively managed corporate credit. The fund provides eligible investors with blockchain-based access to a strategy managed by an institution with $807 billion in assets under management. By utilizing Centrifuge's infrastructure, the launch demonstrates the increasing capability of blockchain technology to host complex, traditional financial instruments. This development is notable because it diversifies the range of tokenized assets currently available, which have historically been dominated by U.S. Treasury products. While specific performance and eligibility details remain limited, the integration of high-yield corporate credit into the on-chain ecosystem highlights the growing institutional appetite for tokenized private credit strategies. This move underscores the broader trend of major asset managers leveraging decentralized protocols to modernize the distribution and accessibility of traditional investment vehicles.

#Centrifuge #RWA #Avalanche

hokanews.com·Sep 18, 20268.0

Credit (Private Credit)

Avalanche News: $807B Giant Takes Its First Fund On-Chain

New York Life Investment Management (NYLIM), an asset manager overseeing $807 billion, has launched its inaugural tokenized fund, the High-Yield Bond (HYB) fund, on the Avalanche blockchain. Developed in collaboration with the tokenization platform Centrifuge, the fund brings an actively managed U.S. high-yield corporate bond strategy on-chain, with subscriptions and redemptions settled in USDC. This development marks a significant shift for Avalanche, which has historically focused on Treasury-based products, by introducing actively managed corporate credit to its ecosystem. Simultaneously, regulated infrastructure provider Paxos has integrated Avalanche into its platform, granting over 650 institutions and 470 million potential end users access to AVAX and Avalanche-native USDC. By combining institutional-grade asset issuance with established, regulated custody and compliance infrastructure, these developments reduce friction for traditional finance entities. This dual-pronged expansion signals a maturing institutional footprint for Avalanche, moving beyond experimental pilots toward scalable, real-world financial utility. The integration allows financial institutions to leverage existing Paxos partnerships to build on Avalanche without requiring bespoke blockchain infrastructure.

#Centrifuge #Avalanche #CorporateBonds

coingabbar.com·Sep 18, 20268.5

Credit (Private Credit)

Onchain credit reaches new all-time high as DeFi lending eclipses $41 billion

The onchain credit market reached a record $73.6 billion in crypto-collateralized debt during Q3 2025, with decentralized protocols capturing 66.9% of this volume. According to a Galaxy Digital report, this growth is driven by new collateral types on networks like Plasma and enhanced lending incentives. Simultaneously, the tokenized private credit sector has seen rapid expansion, with active on-chain loans reaching $18.9 billion by early 2026. Data from Visa and Allium Labs highlights that cumulative originations in this segment have climbed to $33.7 billion, marking a 210% increase in total value locked throughout 2025. Visa’s partnership with Credit Coop further validates this trend, processing $2.5 billion in settlement volume with zero defaults. The broader tokenized asset market is now estimated to be worth between $30 billion and $46 billion as of late 2026. This shift signifies a transition from volatile crypto-native collateral to real-world assets and institutional credit instruments. Ultimately, these developments suggest that programmable credit is evolving into a multi-trillion dollar industry.

#RWA #PrivateCredit #Visa

cryptobriefing.com·Sep 17, 20268.0

Credit (Private Credit)

Avalanche adds tokenized high-yield bond vault backed by BlackRock ETF

IXS Finance has launched a High Yield Corporate Bond Vault on the Avalanche blockchain, marking a shift from low-risk tokenized Treasuries to sub-investment-grade corporate debt. The vault, represented by the IXHYB token, tracks BlackRock’s iShares 0-5 Year High Yield Corporate Bond ETF (SHYG) and allows for a minimum deposit of just $100 in USDC. Utilizing an ERC-7540 contract compatible with the ERC-4626 standard, the product is structured as a bankruptcy-remote entity through a Cayman Islands Segregated Portfolio Company. The platform offers both a permissionless path for any wallet and a KYC-compliant route, reflecting a broader industry trend of bringing complex, higher-yielding financial products onchain. IXS Finance operates under a Bahamas DARE Act license and maintains US broker-dealer access to support its operations. By enabling onchain access to junk bonds, the protocol tests the capacity of decentralized infrastructure to manage variable-return assets. This development is significant as it expands the utility of tokenized assets beyond simple cash equivalents, potentially allowing IXHYB to serve as collateral in broader DeFi lending protocols.

#RWA #Avalanche #CorporateBonds

cryptobriefing.com·Sep 17, 20267.5

Credit (Private Credit)

Tokenized Private Credit: How Loans Move On-Chain

Tokenized private credit transforms interests in loans or receivables into digital units, yet the underlying asset quality remains tethered to traditional underwriting, collateral, and servicing. While blockchain technology enhances the efficiency of ownership records and distribution, it does not inherently solve the liquidity challenges or valuation complexities of bespoke private debt. A robust tokenized structure must integrate legal frameworks like bankruptcy-remote SPVs and controlled accounts to ensure that digital tokens represent enforceable claims rather than mere software entries. The article emphasizes that credit risk, default probability, and recovery timing are independent of the tokenization layer, requiring investors to scrutinize the underlying loan performance and originator incentives. Effective systems must reconcile disparate records across ledgers, custody accounts, and legal registers to maintain market integrity. Ultimately, the value of these products depends on the ability to verify the entire chain of evidence from loan origination to final distribution. By aligning with institutional standards like those outlined by IOSCO and the IMF, the sector is moving toward more transparent and legally certain structures.

#Blockchain #Tokenization #PrivateCredit

securities.io·Sep 17, 20267.5

Credit (Private Credit)

Tokenized High-Yield Bonds Expand with HYBOND on BNB Chain

OpenEden has expanded its tokenized HYBOND credit fund from Ethereum to the BNB Chain, marking a significant step in making high-yield bond strategies accessible to a broader range of on-chain developers. The fund provides 1:1 tokenized exposure to BNY Investments’ Global Short-Dated High Yield Bond strategy, moving beyond the cash-equivalent assets that have historically dominated the RWA sector. To facilitate this, RedStone provides verified oracle data that publishes the fund's administrator-struck net asset value directly to smart contracts. Furthermore, the partnership introduces RedStone Settle, an infrastructure layer designed to enable T+0 settlement by connecting token holders with KYC-verified liquidity providers. This mechanism addresses the traditional multi-day redemption friction inherent in bond funds, aligning them with the instant expectations of decentralized finance. The deployment represents a shift toward more complex, higher-yield credit products within the tokenization market. By testing whether infrastructure built for low-volatility assets can scale to riskier credit, this move provides a critical case study for institutional asset managers. Ultimately, the expansion highlights the growing role of specialized oracle and settlement layers in bridging the gap between traditional finance and DeFi ecosystems.

#BNBChain #RedStone #TokenizedCredit

en.cryptonomist.ch·Sep 17, 20268.0

Credit (Private Credit)

Tare Funding Raises $13.25M For Onchain Credit Platform

Brooklyn-based fintech Tare Funding has successfully raised $13.25 million in a seed funding round led by Blockchain Capital to develop onchain private credit infrastructure. The round included participation from institutional players such as Janus Henderson, Strobe Ventures, and the Avalanche Foundation. Unlike platforms focused solely on tokenizing existing investment products, Tare aims to build a comprehensive system for loan origination, servicing, and capital market operations on the Avalanche blockchain. By creating a shared, immutable loan record, the platform seeks to minimize administrative reconciliation and fragmentation within the credit industry. The company, co-founded by Kevin Miao, Keerthi Moudgal, and Lucas Vogelsang, operates through Tare Credit LLC to maintain compliance with state lending requirements. This development is significant for the RWA market as it shifts the focus from simple asset tokenization toward the modernization of the underlying financial plumbing for private credit. The involvement of Janus Henderson underscores a growing institutional appetite for blockchain-based solutions that improve data transparency and settlement efficiency in credit markets.

#PrivateCredit #Avalanche #Fintech

tronweekly.com·Sep 17, 20267.5

Credit (Private Credit)

Two Prime makes onchain finance push with $10 million

Digital asset firm Two Prime has launched the Axiom WBTC Yield Vault on the Pareto protocol to facilitate institutional bitcoin lending. The vault allows users to deposit wrapped bitcoin (WBTC) to earn projected annual yields between 1.5% and 2%. To mitigate risk for participants, Two Prime has committed $10 million of its own capital to serve as a first-loss buffer. The initiative connects bitcoin holders with institutional borrowers, including public companies and credit-rated financial entities. Assets within the vault are secured by institutional-grade custodians ICE Digital Trust and Copper Technologies. This launch represents a strategic expansion of Two Prime’s lending operations into onchain finance by leveraging Pareto’s private credit infrastructure. By providing a structured mechanism for bitcoin-backed yield, the vault aims to bridge the gap between decentralized liquidity and institutional funding requirements.

#Bitcoin #PrivateCredit #WBTC

CoinDesk·Sep 16, 20266.5

Credit (Private Credit)

Plume Launches FACTOR Vault for On-Chain Credit

Plume has launched FACTOR, a new yield-generating vault designed to bring real-world alternative assets on-chain for qualified investors. Developed in collaboration with Tradable and Deep Ocean Partners, the platform focuses on factoring, financing, and infrastructure opportunities. Tradable provides the necessary tokenization and marketplace infrastructure, while Deep Ocean Partners manages the private credit and originates the underlying assets. The vault utilizes short-duration, self-liquidating assets to generate monthly interest payouts in stablecoins. A built-in liquidity mechanism allows Deep Ocean Partners to repurchase vaulted positions via a warehouse facility, providing investors with an exit path. This initiative aims to democratize access to Net Working Capital (NWC) financing, a private credit segment previously restricted to institutional players. By bridging traditional private credit with blockchain technology, the project expands the utility of on-chain finance for crypto-native participants.

#RWA #Tokenization #PrivateCredit

cryptonews.net·Sep 15, 20267.5

Credit (Private Credit)

Ripple's On-Chain Lending Partner Picks XRP Ledger for Token, Leaves Ethereum Behind

The decentralized credit protocol Clearpool is migrating its core infrastructure from Ethereum to the XRP Ledger (XRPL) to capture emerging institutional capital markets. This strategic shift follows the XRPL v3 upgrade, which introduced native lending capabilities to a network previously focused primarily on cross-border payments. Clearpool aims to replicate the success of Ethereum-based lending models like Morpho by facilitating private credit for fintech and payment companies. In collaboration with Cicada Partners, the protocol is launching an institutional credit fund, with Hex Trust providing regulated custody and borrower verification services. To support this transition, Clearpool is replacing its legacy CPOOL token with a new CLEAR token, citing the exhaustion of the former's supply and incentive reserves. The new tokenomics model features a deflationary mechanism where 50% of protocol fees are used for token buybacks and burns, while the remainder rewards stakers. This migration represents a significant effort to unlock idle liquidity within the XRP ecosystem and establish a transparent, auditable framework for real-world asset lending. The proposal is currently undergoing a 14-day community discussion period before a final Snapshot vote by tokenholders.

#XRPL #PrivateCredit #DeFi

u.today·Sep 11, 20267.5

Credit (Private Credit) News

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