{"id":3840,"date":"2024-12-06T15:01:42","date_gmt":"2024-12-06T15:01:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3840"},"modified":"2024-12-06T15:01:42","modified_gmt":"2024-12-06T15:01:42","slug":"private-credit-tokenization-hits-650-million-monthly-setting-a-new-benchmark","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3840","title":{"rendered":"Private Credit Tokenization Hits $650 Million Monthly, Setting A New Benchmark"},"content":{"rendered":"<div>\n<p>The private credit market is witnessing a transformation as blockchain technology enables tokenization at an unprecedented pace. <strong>Provenance Blockchain Labs<\/strong>, led by CEO <strong><strong>Anthony Moro<\/strong><\/strong>, is driving this shift by facilitating the tokenization of home equity lines of credit (<strong>HELOCs<\/strong>). <\/p>\n<p>According to Moro, approximately 15% of HELOC transactions are now on blockchain, amounting to $650 million monthly. <\/p>\n<p>These developments were highlighted during a panel discussion at <strong>Benzinga&#8217;s Future of Digital Assets<\/strong> event, where experts discussed blockchain\u2019s current and future applications in financial services.<\/p>\n<p><strong>See Also: <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/12\/42349063\/anthony-pompliano-says-countries-are-going-to-fomo-into-buying-bitcoin\">Anthony Pompliano Says Countries Are \u2018Going To FOMO\u2019 Into Buying Bitcoin<\/a><\/strong><\/p>\n<h3 class=\"wp-block-heading\">Breaking Down the HELOC Tokenization Process<\/h3>\n<p>Moro explained that tokenization offers significant efficiencies in processing HELOCs, reducing costs and improving speed. He noted that the savings stem from blockchain&#8217;s ability to streamline back-office tasks such as audits and time-to-market operations.<\/p>\n<p>\u201cWhen you save 100 basis points off the origination process, digitally native origination to warehouse to securitization, you&#8217;re doing &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/events\/24\/12\/42365053\/private-credit-tokenization-hits-650-million-monthly-setting-a-new-benchmark\" alt=\"Private\" credit tokenization hits million monthly setting a new benchmark>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3840","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3840"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3840\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}