Top 8 Tokenized Private Credit Platforms — May 2026

Eight tokenized private credit platforms — Maple, Goldfinch, Centrifuge, TrueFi, Clearpool, Credix, Huma Finance and Fasanara Digital — reported stablecoin yields in the 8%–15% APY range across more than $14 billion of active on‑chain loans in May 2026.

Platforms use distinct underwriting and settlement models. Institutional marketplaces such as Maple and TrueFi use KYC, off‑chain due diligence and explicit first‑loss structures. DeFi‑native systems including Centrifuge, Goldfinch and Huma use on‑chain tranche mechanics, asset tokenization and composability to create senior and junior exposures. Some platforms concentrate on emerging‑market credit or receivables while others focus on crypto‑native corporate lending.

Maple Finance operates a Pool Delegate model on Ethereum and Solana. Pool Delegates perform due diligence, set loan terms and commit first‑loss capital. Maple originated more than $4 billion since launch and had about $500 million in active loans by mid‑2026. Yields across Maple pools ranged roughly 9%–15% APY depending on pool type.

TrueFi runs an uncollateralized credit‑scoring marketplace on Ethereum where TRU token stakers vote on and back loans. TrueFi has originated more than $1.7 billion to date and reported yields around 8%–13% APY.

Clearpool offers permissioned, single‑borrower lending pools on Ethereum and Polygon with dynamic interest rates that move with utilization. Active Clearpool pools reported yields near 8%–14% APY and require KYC.

Centrifuge tokenizes real assets such as invoices, trade receivables and mortgages as NFTs and funds Senior and Junior tranches on Ethereum. Centrifuge reported total value locked above $500 million and tranche yields about 6%–14% APY depending on asset type and seniority.

Goldfinch focuses on emerging‑market fintech lenders across more than 20 countries. Its two‑tier structure separates backers, who take first‑loss exposure, from senior pool LPs. Goldfinch yields varied by tranche and loan but commonly ranged from 10% to 17% APY in USDC.

Credix, built on Solana, targets Latin American consumer and SME credit. Credix reported junior tranche yields of approximately 12%–18% APY and uses a regional lending focus that concentrates exposure to Brazilian and broader LatAm loan performance.

Huma Finance collateralizes future income streams and earned‑wage receivables into short‑duration, self‑liquidating facilities on Ethereum and Stellar. Huma reported yields around 10%–15% APY for receivables‑backed investors.

Fasanara Digital is the on‑chain product of an asset manager with about $3 billion in parent AUM. The product provides on‑chain settlement for an off‑chain credit book and offered roughly 12%–15% APY to qualified institutional clients; access is restricted to institutional investors and requires full KYC and AML compliance.

Risk and market mechanics vary by platform. Higher advertised yields generally correspond to concentrated, subordinated or emerging‑market credit exposure. Most platforms impose 30‑ to 90‑day redemption windows; junior tranches can remain locked for the life of underlying loans. Several pools have experienced liquidity pressure during periods of elevated defaults. Smart contract risk is an additional layer for all platforms; Maple and Centrifuge have longer cumulative transaction histories, while newer entrants have shorter on‑chain records.

Access rules differ: many institutional platforms require accredited‑investor verification or KYC, some Centrifuge pools are accessible with only KYC, Goldfinch uses a UID identity layer, and Fasanara Digital is closed to individual investors.