By Greysen Cacciatore, Research Associate | X | Linkedin
Welcome to the OV Market Pulse — your weekly snapshot of the key data shaping the frontier of crypto, AI, and financial markets.
Chart of The Week: Credit Capture
Tokenized private credit has reached $14.37B in market cap, making it the largest segment of the tokenized real-world asset (RWA) space, now accounting for 58.6% of all tokenized RWAs. The market has grown 45.5% YTD and 68% YoY, with Figure at $10.68B—74.3% of total issuance. Other key protocols include Tradable ($2.06B), Maple ($809M), and PACT ($419M). Notably, finance giants Apollo and Hamilton Lane have launched tokenized credit products in partnership with Securitize, signaling institutional adoption and a shift toward democratized access to private capital markets.
Exhibit 1: Market Capitalization of Tokenized Private Credit

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