Amid tokenization race, Tradable brings $1.7B private credit onchain
Tradable has tokenized $1.7 billion in private credit on ZKsync, reflecting increased demand for institutional-grade assets. The platform has tokenized nearly 30 high-quality credit positions, targeting yields between 8% and 15.5%. Tradable's technology, built on ZKsync, aims to facilitate the migration of wealth advisory services and financial transactions onchain. Other players in the RWA market include Securitize, which has tokenized over $1 billion in assets, and Ondo Finance, expanding its offerings in the Asia-Pacific region. Tokenization addresses liquidity, transparency, and efficiency challenges in the $1.5 trillion private credit market, allowing fractionalization of loans and broadening borrower access. The market for tokenized RWAs has reached $12 billion, growing 85% in two years, indicating a shift towards digital assets in institutional finance.
