Tokenized Credit Markets
Asset-backed credit represents $3.1 billion in tokenized value as of March 2026, driven by institutional lending protocols that originate, securitize, and distribute credit products on-chain. This section covers the credit origination frameworks, collateral mechanisms, and yield structures of leading tokenized credit platforms.
Market Leaders
- Figure HELOC Token (FIGR_HELOC): $15.84 billion represented value — the single largest tokenized RWA by value, representing home equity lines of credit originated on Provenance blockchain
- Syrup USDC (Maple Finance): $1.75 billion distributed at 4.89% APY — institutional-grade lending vaults
- Syrup USDT (Maple Finance): $967.3 million — USDT-denominated lending vault with 24% weekly growth
- PRIME (Hastra): $316.6 million on Solana — asset-backed credit protocol
Coverage
- Maple Syrup USDC Vault Analysis — Vault mechanics and yield generation
- Figure HELOC Token Analysis — HELOC securitization on Provenance
- Institutional Credit Infrastructure — Underwriting, custody, and settlement
- Private Credit Tokenization Framework — How private credit goes on-chain
Related: Maple Finance Entity Profile | Credit Protocol Comparison | Centrifuge Protocol Deep Dive
Data sourced from RWA.xyz. Contact info@uaetokenizedrwa.com.
Maple Syrup USDC Vault Analysis — $1.75B Institutional Lending at 4.89% APY
Analysis of Maple Finance's Syrup USDC vault at $1.75B, yield generation mechanics, institutional lending portfolio, transaction data, and risk-return positioning against treasury tokens.
Figure HELOC Token Analysis — The $15.84B Tokenized Home Equity Product
Analysis of Figure Technologies' HELOC Token (FIGR_HELOC) at $15.84B represented value, Provenance blockchain infrastructure, home equity lending mechanics, and market significance.
Institutional Credit Infrastructure — Underwriting, Custody, and Settlement for Tokenized Credit
Analysis of the institutional infrastructure enabling tokenized credit markets: underwriting frameworks, custody solutions, settlement mechanics, and compliance systems powering $3.1B in on-chain credit.
Private Credit Tokenization Framework — How Private Credit Goes On-Chain
Framework analysis for private credit tokenization: origination structures, SPV mechanics, tranche design, investor access, and compliance for bringing private lending on-chain.