By the end of 2025, the scale of tokenization of private credit loans is expected to approach $16 billion, with an interest rate of (APR) below 10%. This is attributed to the adoption of institutional risk-weighted assets (RWA) and the integration of DeFi. The total value locked in DeFi loans (TVL) has risen 72% year-to-date, exceeding $127 billion, with platforms like Raze Finance and BlackRock's $2.9 billion BUIDL fund leading the way. Risks include concerns over leveraged crypto collateral, but growth continues with regulatory clarity and expansion in the European market.

RWA2,33%
DEFI12,92%
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