Tokenized Private Credit Market Surges in Real-World Assets
the tokenized private credit market is becoming a major player in real-world assets, with over $13.3 billion in assets under management. This growth is driven by platforms like Figure adn Tradable, with backing from big names such as apollo, BlackRock, and Franklin Templeton.
Figure, backed by Morgan Creek Capital, Apollo, and Ribbit Capital, has over $12 billion in assets.They operate a Home Equity Line of Credit (HELOC) marketplace, helping people borrow against their homes. Tradable, the second-largest player, holds over $1.8 billion in on-chain assets. It assists asset managers in tokenizing their assets, opening up private credit to individuals.
- Figure: $12 billion in assets,operates HELOC marketplace.
- Tradable: $1.8 billion in assets, helps tokenization.
- Other players: Maple (SYRUP),Pact,mercado Bitcoin,Centrifuge (CFG).
Large firms in private equity, like Apollo Global, are now venturing into the tokenized private credit sector.Apollo launched ACRED, a $641 billion credit securitization fund, in January. BlackRock’s BUIDL fund now holds over $3 billion in assets.
The private credit industry is rapidly expanding, especially in the US. Companies are diversifying away from conventional banks, leading some major banks to create their own private credit funds. Tokenized private credit is the fastest-growing area in the real-world assets industry.
Other top sectors in real-world assets include stablecoins, US Treasuries, commodities, and institutional funds.Kraken’s tokenization of over 50 stocks in May may signal a new trend.
