Tokenization update: private credit, cost savings and gold

a look at key tokenization trends from the past few weeks

“Never laugh at live dragons.” ― J.R.R. Tolkien ||

Hello everyone, and happy Friday!!

Also, for all you nerds out there, happy Pi Day!! Of course, this only works in the US which has the strange custom of putting the month before the date in order to get 3.14. But whatever, that amazing number is worth celebrating. 😊

Today, I’m taking a reluctant break from market drama (it’s all so interesting) to finally deliver the delayed tokenization update. This is part of a regular (cough) series of roundups of the main key developments in the crypto/macro overlap over the past few weeks – others have covered stablecoins, CBDCs and regulation.

Coming up next week (events permitting, of course): macro market narratives, crypto ETF developments, the White House/retail market crypto disconnect, a newsletter update, stablecoin progress… at least, all this is what I HOPE to get to, but no doubt other twists and surprises will elbow their way in.

Production note: I have to miss publication on Monday due to a conflict (am teaching a blockchain class to cloud executives) – the premium newsletter will be back on Tuesday!

IN THIS NEWSLETTER:

**Tokenization update: private credit, cost savings, and gold**

• Tokenized private credit

• Tokenized funds: it’s about the costs

• Tokenized gold

If you’re not a premium subscriber, I hope you’ll consider becoming one! You get ~daily commentary on markets, tokenization, regulation and other signs that crypto IS impacting the macro landscape. As well as audio, relevant links and music recommendations ‘cos why not.

WHAT I’M WATCHING:

**Tokenization update: private credit, gold and cost savings**

This is part of a regular weekly (sort of) series in which I summarize key moves in specific crypto-related areas, rotating between tokenization, stablecoins, regulation and CBDCs. I don’t cover everything, not even close, just the top trends I’m seeing, with the aim of helping you separate the signal from the noise (of which there is an astonishing amount these days).

Private credit

Last month, Bloomberg ran a story titled “Private Private Credit Is the Hot New Thing on Wall Street”. It highlighted the growing business of asset managers making direct loans to companies, bypassing traditional banks while collecting handsome fees and distributing interest income to investors.

It seems that private credit is also the hot new thing onchain, as well.