Tokenized Private Credit
Tokenized private credit is lending to businesses outside public bond markets, funded onchain. Lenders earn higher yields than treasuries in exchange for credit and liquidity risk. As of Oct 5, 2026, the 65 products tracked in tokenized private credit hold $26.5B. The largest are Figure HELOC ($24.4B), Huma ($414M), USD AI ($338M), together 95.0% of the total.
Earlier values are estimated: each day's change is measured on the products with history that day.
Largest tokenized private credit
Tokens already counted inside another product, and platform tokens, are listed but not added to the total.
Tokenized Private Credit by chain
- Private credit on Arbitrum$338M
- Private credit on Solana$261M
- Private credit on Ethereum$168M
- Private credit on Monad$108M
- Private credit on Sei$14.7M
- Private credit on Base$6.93M
- Private credit on Stellar$6.89M
- Private credit on Aptos$6.61M
- Private credit on Immutable zkEVM$6.27M
- Private credit on ZIGChain$5.55M
- Private credit on Hedera$5.11M
- Private credit on Binance$4.07M
Tokenized Private Credit issuers
Guides
- How to Invest in Real-World Assets (RWAs): A Step-by-Step Guide
- Onchain Private Credit: How Tokenized Lending Works and Its Risks
- RWAs on Ethereum: The Largest Chain for Tokenized Assets
- Risks of Tokenized Real-World Assets: What Can Go Wrong
- RWA Tokenization Platforms: Securitize, Ondo, Centrifuge and Others
- How RWAs Are Used in DeFi: Collateral, Stablecoin Reserves and Yield
Tokenized Private Credit FAQ
What is tokenized private credit?
Tokenized private credit is lending to businesses outside public bond markets, funded onchain. Lenders earn higher yields than treasuries in exchange for credit and liquidity risk.
How big is the tokenized private credit market?
As of Oct 5, 2026, the 65 products tracked in tokenized private credit hold $26.5B. The largest are Figure HELOC ($24.4B), Huma ($414M), USD AI ($338M), together 95.0% of the total.
Which blockchain has the most tokenized private credit?
Arbitrum, with $338M in tokenized private credit where a per-chain split is published. Next are Solana, Ethereum, Monad. 28 chains carry at least one product in this category.
Who are the largest tokenized private credit issuers?
Figure ($24.4B), Anzen Finance ($7.69M), Lista DAO ($4.41M), Untangled ($152K).
Other asset classes
- Tokenized Stocks & ETFs$3.02B
- Tokenized Treasuries$2.96B
- Tokenized Bonds & Fixed Income$1.19B
- Tokenized Gold$871M
- Tokenized Real Estate$404M
- Tokenized Commodities$1.25B
- Other Real-World Assets$293M
- Tokenized Money Market Funds$523M
- Tokenized Trading Strategies$132M
- Tokenized Private Equity & Pre-IPO$122M
- Tokenized Collectibles$7.29M
- Tokenized Carbon Credits$1.50M
- RWA Crowdfunding$42.6M
- Onchain Equity$6.50K
- RWA Crypto Tokens$30.5B