➤ Traditional private credit issuance saw a significant 40% drop in Q2 2026, reaching $44.76B, driven by rising defaults and investor caution.
➤ Conversely, the on-chain tokenized private credit market is experiencing rapid growth, with active loans exceeding $14B and offering attractive yields between 9% and 18% APY.
➤ Major players like Securitize and Hamilton Lane are entering the space, utilizing blockchains like TRON, highlighting a growing bifurcation between traditional and tokenized credit markets, each with distinct risks and opportunities.