Here’s a quick snapshot of the current Tokenized Private Credit landscape as of late May 2026.
Private credit remains one of the largest and most active categories in tokenized RWAs. It brings real yield from actual loans and credit products (invoices, SME lending, trade finance, HELOCs, etc.).
Key Metrics (
rwa.xyz data):
• Distributed Value: ~$5.29B
• Represented Value: ~$22.51B
• Thousands of assets and holders across the category
Top Platforms by value:
•
@maplefinance Currently leading with ~$1.5B. Strong in onchain institutional credit pools (syrupUSDC & syrupUSDT)
•
@STOKR Surpassed $1B in total tokenized asset volume, building capital markets infrastructure on Bitcoin’s Liquid Network
•
@centrifuge ~ $486M, foundational infrastructure player
• Others active:
@HastraFi (PRIME),
@Securitize powered deals
Established Players:
@maplefinance continues to lead in onchain institutional credit with meaningful AUM and consistent loan originations.
@centrifuge remains core infrastructure for tokenized real world credit invoices, receivables, and structured products like the Janus Henderson Anemoy AAA CLO fund. It has strong multichain reach and a solid track record.
@goldfinch_fi also maintains presence, especially in emerging markets credit.
Emerging & Regional Builders to watch:
Several newer and regional players are bringing private credit onchain:
•
@Credit_Markets — Focused on tokenized LATAM Private Credit
•
@KamuiFinance — Active in tokenized private credit and institutional RWA yield strategies
•
@Factorcx — Tokenized private credit
•
@empower_fi — Tokenized Brazilian credit
•
@Stra_protocol — Tokenized Brazilian credit
•
@NusaHarvest — Indonesian agricultural lending (credit angle)
More projects are surfacing from hackathons and specific regions, especially LATAM and Southeast Asia SME-focused credit plays.
Yields in this space have historically ranged between 8–15%, depending on risk and region (often higher in emerging markets credit).
While many deals are still somewhat permissioned or geared toward accredited/institutional access, the infrastructure layer is clearly maturing. Recent activity also includes partnerships that aim to connect onchain yield with more regulated distribution rails.
This is the current state of tokenized private credit.
I’ll keep tracking and sharing updates as new deals, pools, and builders emerge.