Last week, we hosted a compelling discussion with private credit expert Boris Redfern, moderated by our CRO and co‑founder Ludovico Rossi. The webinar explored why tokenized private credit is gaining institutional traction and outlined what lies ahead for this transformative marriage of DeFi and TradFi.
Boris began by emphasizing tokenization’s real value lies not in reinventing liquid products like publicly listed equities, but in unlocking truly new use cases like making private equity or private credit tradable on‑chain.
“Private credit is having a moment, its market has ballooned from a niche $200B in 2007 to several trillions today… and web3 is exploding too. The timing couldn’t be more powerful.” Boris Redfern
The current macroeconomic climate, global volatility, geopolitical uncertainty, and unpredictable equity markets, has made fixed‑income alternatives like private credit more attractive:
“All investors want predictability: ‘give me 1% per month on collateralized assets, regardless of market noise.’ That clarity is deeply appealing right now.” Boris Redfern
Ludo and Boris both highlighted the importance of regulatory clarity. Frameworks like MiCA in Europe and the U.S. Genius Act have begun offering legal certainty. This shift is crucial for institutional adoption:
“Now institutions feel safe knowing where they stand legally. That certainty allows them to engage with tokenized products with confidence.” Boris Redfern
Boris outlined the three most compelling benefits of tokenization in private credit:
Transparency: Zero‑trust culture in web3 values clarity, tokenization delivers auditability and clarity.
Liquidity: Retail wants liquidity; institutions prefer predictability. Tokenization can bridge the divide.
Automation: Streamlined underwriting, instant settlement, and smart‑contract efficiency reduce overhead and risk.
Ludo echoed that the biggest win for financial institutions is often not yield, it's operational efficiency:
“Reducing operational friction is like unlocking new profit, faster, cheaper, smarter: it’s compelling.” Ludovico Rossi
On secondary markets: While tokenization enables tradability, real depth and liquidity will take time.
“We’re still mainly on the primary side. True secondary markets with depth will require scale and standardization. I expect a tsunami of adoption when it arrives.” Boris Redfern
Looking ahead 24 months, Boris anticipates:
This conversation confirms what we've been building at Brickken:
If you missed the webinar or want to revisit the insights, feel free to reach out to our team or Boris directly via LinkedIn. And if you're a business exploring private credit tokenization, let's chat. We’d be glad to walk you through design, structure, and integration.
▶️ Watch the session here: https://www.youtube.com/watch?v=2AUp8-R0jBI
