TechFlow news, October 22 — HTX Ventures, the global investment arm of Huobi HTX, has released a new research report titled "On-chain 'Credit Revolution': A Comprehensive Analysis of Trends, Mechanisms, and Representative Platforms in Tokenized Private Credit." The report provides an in-depth examination of the tokenized private credit sector. It highlights that tokenized private credit is one of the most critical segments within the RWA space. As of August 2025, the market size of tokenized private credit assets has reached approximately $12–16 billion, accounting for 50%–60% of the overall RWA market.
HTX Ventures notes that tokenized private credit is accelerating the integration of traditional and on-chain finance. By leveraging smart contracts to enable more efficient fundraising, registration, and yield distribution mechanisms, the process achieves greater transparency, reduced operational costs, and significantly enhanced flexibility in private credit. Although challenges such as insufficient secondary market liquidity remain, the sector is poised for structural breakthroughs as regulatory frameworks become clearer and institutional capital continues to enter.
HTX Ventures emphasizes that tokenized private credit does not aim to replace traditional models but instead builds more open and flexible financing pathways upon digital infrastructure. Going forward, as more institutional products move on-chain and standardized protocols mature, market penetration is expected to grow rapidly, unlocking growth potential on the scale of hundreds of billions of dollars.
