Tokenized Private Credit Surpasses $13 Billion as Institutional Players Drive On-Chain Adoption

The tokenized private credit market has quietly surpassed $13.3 billion in assets under management, emerging as one of the fastest-growing segments in real-world asset tokenization. Traditional finance giants including Apollo, BlackRock, and Franklin Templeton are now backing blockchain-based platforms that are dismantling barriers to the $3 trillion private credit market.

Figure leads the sector with $12 billion in assets, offering HELOC products and home-backed loans through its blockchain platform. Close behind, Tradable has carved a $1.8 billion niche by enabling asset tokenization for institutional managers while democratizing access for retail investors. The space now counts Maple, SYRUPPact, Mercado Bitcoin, and Centrifuge among its key infrastructure providers.

This institutional migration onto blockchain rails is transforming how credit markets operate—replacing opaque, illiquid processes with transparent on-chain mechanisms. The technology promises to unlock new efficiencies in debt origination, management, and secondary trading for both traditional lenders and crypto-native participants.