8lends Report: Hybrid Onchain Private Credit Model Bridges Retail and Regulation
A new research report outlines how bringing private credit onchain requires aligning retail access, disciplined underwriting, and enforceable claims. The 8lends structure illustrates a hybrid model where onchain distribution pairs with regulated borrower checks and collateral enforcement.
A research report argues that the main hurdle for tokenizing private credit is not just distribution, but aligning three layers: retail access, underwriting standards, and legally enforceable claims. Hybrid models can keep funding and ownership onchain while borrower verification, physical collateral (e.g., equipment, vehicles, real estate), and default recovery remain under regulated legal frameworks.
The report highlights 8lends as an example of this structure. It acts as the retail-facing distribution and settlement layer, while Maclear AG—a FINMA-supervised financial intermediary—handles loan underwriting, collateral registration, and enforcement. This model is especially relevant for SME loans backed by real-world assets rather than crypto collateral.
Source: Cointelegraph