The tokenization of private credit has surged to a new high, surpassing the $13 billion mark in assets under management (AUM). This rapid growth is fueled by platforms like Figure and Tradable, attracting interest from industry giants such as Apollo Global Management, BlackRock, and Franklin Templeton.
**On-chain Transformation:** The private credit market, traditionally a domain of institutions, is transitioning to blockchain technology, with platforms like Figure and Tradable enabling the digitization of debt instruments. This innovative approach opens up new avenues for both retail and institutional investors to gain access to the expansive $3 trillion private credit universe.