Private credit, namely asset-backed finance (ABF), is among the fastest-growing corners of global finance. Already a $6.1 trillion market, Apollo Global Management sizes the addressable opportunity at over $20 trillion.
Yet despite its scale and growing role in financing businesses and consumers worldwide, the industry still runs on excel sheets. The result? Middle- and back-office bloat, cash drag and financing costs up to 30% higher than they should be.
It’s like tracking your working hours on a yellow sticky note, mailing it in and waiting 15 days to get paid in 2025. No one would tolerate this way of working.
These inefficiencies stem from how ABF is managed today.
Unlike corporate credit, where the borrower’s full faith and balance sheet provide the anchor, ABF relies on the contractual cash flows of underlying assets: think BNPL loans, supply chain receivables or small business financing. To manage this complexity, funds like Apollo and Blackstone structure bespoke facilities
We współpracy z: https://www.coindesk.com/coindesk-indices/2025/09/24/advancing-private-credit-with-on-chain-rails
