The amount of active private tokenized loans on the blockchain reached $581 million, according to RWA.xyz. Since the start of the year, the figure has risen by about 128%.
According to tracker data, the total value of issued 1,804 loans amounted to about $4.5 billion. The segment has shown a steady recovery after a dip from its June 2022 highs, with active RWA-loans totaling $1.5 billion.
By protocol, Centrifuge dominates with 43% of the market for active tokenized loans — $255 million. Maple and Goldfinch follow with $141 million and $103 million.
The top three operate on the Ethereum network, as do most of the largest RWA lending platforms. Only Credix operates on Solana, and Clearpool uses Polygon.
The prevailing average rate in the segment stands at 9.36%. For comparison, NerdWallet’s report says US banks offer small businesses borrowing at 5.75% to 11.91%.
However, the United States accounts for only one outstanding loan of $20 million. The largest number of borrowers is in Nigeria — 14. In terms of current RWA loans totaling $60.6 million across 12 agreements, Kenyan residents lead.
According to tracker statistics, auto- and consumer-lending sectors dominate borrowings — $186.8 million and $197.7 million of current debt, respectively.
The main cryptocurrencies used for settlements in the segment are stablecoins USDT, USDC and DAI.
As reported, Coinbase researchers expect a tokenization boom of real assets within roughly one to two years.