Onchain private credit
Private Credit Map
Track private credit from issuance to DeFi to exit
Explore the assets, venues, and teams moving private credit onchain.
42
Platforms mapped
105
Tokenized credit assets
hands over
the token
hands over
your position
Why now
Why private credit is coming onchain
Crypto lending yield is a bet on leverage demand. When that demand goes quiet, so does the yield.
Onchain lending paid mid-teens in the bull and under 2% after. Private credit is different: the yield is interest on invoices and loans in the real economy. That is why people still borrowed against those tokens on Morpho, Kamino, and Aave when crypto leverage had already stopped.
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The market
From tokenization to a full credit market.
The first question is what gets tokenized. The next is what can be done with it: lend, loop, allocate and exit.
Browse all platforms, assets, allocators, curators, and exit routes
