Private Credit Tokenization Emerges as Leader in Asset Tokenization Race
BlackRock CEO Larry Fink’s latest investor letter underscores the transformative potential of asset tokenization, predicting a future where every stock, bond, and fund exists onchain. "Markets wouldn’t need to close," Fink writes, highlighting near-instant settlement and liquidity benefits that could unlock billions in trapped capital.
Private credit has surged ahead in this revolution, with $12.9 billion currently tokenized—more than double the $6.2 billion in tokenized T-bills. Commodities trail at $1.4 billion, while equities languish at just $484 million. The data reveals institutional momentum building behind blockchain-based debt instruments before other asset classes.