Private Credit Tokenization Hits $650 Million Monthly, Setting A New Benchmark
The private credit market is witnessing a transformation as blockchain technology enables tokenization at an unprecedented pace. Provenance Blockchain Labs, led by CEO Anthony Moro, is driving this shift by facilitating the tokenization of home equity lines of credit (HELOCs).
According to Moro, approximately 15% of HELOC transactions are now on blockchain, amounting to $650 million monthly.
These developments were highlighted during a panel discussion at Benzinga’s Future of Digital Assets event, where experts discussed blockchain’s current and future applications in financial services.
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Breaking Down the HELOC Tokenization Process
Moro explained that tokenization offers significant efficiencies in processing HELOCs, reducing costs and improving speed. He noted that the savings stem from blockchain’s ability to streamline back-office tasks such as audits and time-to-market operations.
“When you save 100 basis points off the origination process, digitally native origination to warehouse to securitization, you’re doing …
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