#PrivateCredit

102 articles tagged #PrivateCredit — curated RWA tokenization coverage.

Tokenization Gains Ground & ETFs Have Room to Grow
Infrastructure

Tokenization Gains Ground & ETFs Have Room to Grow

A 2026 report by Cerulli Associates reveals that while 63% of asset managers monitor tokenization, only 20% currently utilize blockchain to streamline operations. The research highlights that money market and Treasury funds, such as BlackRock's BUIDL and Franklin Templeton's FOBXX, represent the most advanced tokenized offerings. Conversely, tokenized ETFs remain in early development, with WisdomTree's large-cap equity fund holding only $18.8 million compared to $765.7 million in its digital money market fund. The report emphasizes that the primary value of tokenization lies in back-office efficiencies like settlement and collateral management rather than new product launches. Cerulli identifies private credit as the most significant long-term opportunity for tokenization, potentially solving liquidity and onboarding friction for high-net-worth investors. Despite the potential for operational improvements, the industry remains cautious, with firms prioritizing infrastructure maturity over immediate product expansion. This shift suggests that tokenization is evolving into a foundational financial utility rather than a standalone investment trend.

advisorperspectives.com·Oct 12, 20267.5
XDC Network Surges 11.15% on Brazil Tokenization Expansion
Credit (Private Credit)

XDC Network Surges 11.15% on Brazil Tokenization Expansion

The XDC Network has significantly expanded its partnership with Brazilian fintech Liqi, increasing their commitment to tokenize regulated credit instruments from $500 million to $2 billion through 2028. This expansion follows the successful completion of the initial $500 million target nine months ahead of schedule, signaling robust demand for on-chain Brazilian credit assets. The program encompasses a diverse range of financial claims, including debentures, agricultural credit, and real estate receivables, all represented directly on the XDC blockchain. This development serves as a critical validation of XDC’s strategic focus on trade finance and real-world asset (RWA) infrastructure within regulated emerging markets. By scaling this initiative, XDC is transitioning from a speculative narrative to a platform with tangible, large-scale institutional utility. The news has been bolstered by the visibility of existing institutional rails, such as the 21Shares XDCN ETP and custody support from Bitcoin Suisse. Consequently, the market has responded with a notable repricing of the XDC token, reflecting increased investor confidence in the network's long-term RWA roadmap.

coinmarketcap.com·Oct 9, 20267.5
Zamanat leans on tokenization to open up GCC private credit, plus Neopay buys into noon payments
Credit (Private Credit)

Zamanat leans on tokenization to open up GCC private credit, plus Neopay buys into noon payments

Zamanat is leveraging blockchain technology to tokenize private credit, aiming to democratize access to capital for underserved businesses across the GCC region. CEO Umair Tariq emphasizes that moving private credit on-chain fundamentally alters the accessibility of financing rather than the underlying credit risk of borrowers. This initiative arrives as the UAE business environment shows resilience, with the PMI holding steady at 55.3 despite rising material costs impacting regional contractors. Simultaneously, the Dubai Financial Services Authority (DFSA) has decided to pause proposed regulatory changes regarding stablecoins and tokenized securities. The regulator intends to further evaluate consultation feedback before determining the next steps for these digital asset frameworks. This pause highlights the cautious approach regional authorities are taking to ensure robust oversight for evolving financial instruments. By integrating tokenization into private credit, firms like Zamanat are attempting to bridge the gap between regional liquidity and local business needs. The broader market impact remains tied to how regulators like the DFSA eventually define and govern these on-chain assets.

enterpriseam.com·Oct 6, 20267.0
Cardano's RealFi Pays Up to 9% on Stablecoins. Can It Do for ADA What Tokenized Treasuries Did for the XRP Ledger?
Credit (Private Credit)

Cardano's RealFi Pays Up to 9% on Stablecoins. Can It Do for ADA What Tokenized Treasuries Did for the XRP Ledger?

Cardano launched its RealFi platform on October 1, 2026, aiming to generate up to 9% annual yields by deploying stablecoins into institutional credit, trade finance, and various bond markets. The platform introduces USDrf and its yield-bearing counterpart sUSDrf, which derive returns from assets including Treasuries, corporate bonds, and private credit loans in regions like Kenya and Uganda. While the initiative seeks to replicate the growth seen in tokenized Treasuries on the XRP Ledger, which reached nearly $418 million by April 2026, it faces significant hurdles including restricted access in the U.S., E.U., and U.K. Cardano currently holds approximately $70 million in stablecoins, and the platform requires users to accept first-loss risk on defaults alongside a seven-day redemption lockup. Analysts note that similar to the XRP Ledger, the utility of the underlying ADA token remains limited to network fees rather than direct value capture from the lending activity. This launch highlights the ongoing challenge for Layer 1 blockchains attempting to bridge real-world assets without creating direct demand for their native tokens. Ultimately, the success of RealFi depends on attracting fresh capital to a network that has seen its total value locked drop by over half since May 2026.

247wallst.com·Oct 3, 20267.5
Centrifuge brings tokenized Treasury and credit funds to Arc
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.

cryptobriefing.com·Oct 2, 20268.0
New report finds that rapid expansion of tokenization is giving rise to new styles of investing
Infrastructure

New report finds that rapid expansion of tokenization is giving rise to new styles of investing

A new report from data analytics platform Dune reveals that the tokenized real-world asset market has surpassed $34 billion in total supply as of 2026. While Wall Street initially viewed tokenization as a way to replicate legacy products, on-chain investors are instead building a 24/7 financial system that prioritizes individual stock trading and decentralized lending. Tokenized stocks have experienced explosive growth, rising over 2,000% with active holders exceeding one million. Data indicates that individual equities now account for 81% of tokenized stock holdings, contrasting with the traditional finance preference for passive index-based ETFs. Furthermore, the report highlights a shift in collateral usage, where tokenized private credit dominates decentralized lending platforms over traditional Treasury-backed assets. Major institutions like Franklin Templeton, BlackRock, and Nasdaq are actively participating in this ecosystem, while the SEC has begun allowing limited testing for blockchain-based equity trading. This divergence in trading behavior suggests that tokenization is fostering a unique market architecture that fundamentally differs from traditional financial norms.

fortune.com·Sep 30, 20268.0
Tokenizing private credit won’t fix who bears the losses
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.

thefr.com·Sep 25, 20267.5
RockawayX allocates $150 million to expand onchain private credit strategy
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.

tradersunion.com·Sep 24, 20267.5
Tokenized asset market in Brazil reaches R$10bn
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.

valorinternational.globo.com·Sep 23, 20268.0
New York Life Moves High-Yield Bonds Onchain With Centrifuge
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.

cointrust.com·Sep 22, 20268.0
Avalanche RWA Expands As Major Asset Managers Move Credit Onchain
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.

tronweekly.com·Sep 22, 20268.0
Emerging Asset Classes in Institutional RWA Tokenization
Infrastructure

Emerging Asset Classes in Institutional RWA Tokenization

Institutional interest in asset tokenization has shifted from conceptual exploration to a rigorous focus on specific asset classes that address long-standing operational frictions. Enterprises are now prioritizing assets where existing legal and custodial frameworks can support on-chain representation, rather than pursuing tokenization for its own sake. The report highlights that successful RWA adoption depends less on the technical issuance of tokens and more on the surrounding infrastructure, including legal structuring, compliance, and custody integration. Categories such as tokenized government paper and private credit are gaining traction because they solve documented bottlenecks like manual reconciliation and settlement delays. Conversely, sectors like real estate remain in earlier stages due to complex local property laws and title transfer requirements. Firms like Antier are emerging as critical infrastructure providers, emphasizing that the smart contract is merely the smallest component of a full institutional lifecycle. Ultimately, the market is maturing by favoring assets where tokenization automates existing, well-understood processes rather than attempting to manufacture legitimacy for new or low-quality assets.

newswatchtv.com·Sep 18, 20267.5
On-chain private credit platform Tenka closes pre-seed round led by Maven 11
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.

cryptorank.io·Sep 18, 20267.0
Onchain credit reaches new all-time high as DeFi lending eclipses $41 billion
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.

cryptobriefing.com·Sep 17, 20268.0
Tokenized Private Credit: How Loans Move On-Chain
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.

securities.io·Sep 17, 20267.5
Tare Funding Raises $13.25M For Onchain Credit Platform
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.

tronweekly.com·Sep 17, 20267.5
Two Prime makes onchain finance push with $10 million
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.

CoinDesk·Sep 16, 20266.5
Plume Launches FACTOR Vault for On-Chain Credit
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.

cryptonews.net·Sep 15, 20267.5

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