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Benzinga
Benzinga
Business
Abbey Higginbotham

Private Credit Tokenization Hits $650 Million Monthly, Setting A New Benchmark

blockchain Société Générale Citi United States

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.

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