Blockchain-based private credit surges 55%
As interest rates continue to rise, more and more companies are turning to blockchain-based private lending when seeking financing. According to data from the RWA.xyz platform that tracks debt, active private loans through digital ledgers have grown by 55% since early 2023, reaching approximately $408 million as of November 28.It is reported that one of the main advantages of blockchain-based private lending is the potential to lower borrowing costs. Although interest rates vary depending on the specific transaction, some blockchain protocols have rates below 10%, while traditional suppliers have rates as high as double digits in the current market environment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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