Cointelegraph Research Analyzes Tokenized Private Credit for SMEs
A new Cointelegraph Research report examines how tokenizing private credit for European SMEs changes the infrastructure but not the underlying credit fundamentals, highlighting active loan books ranging from $16M to $2.22B across leading protocols.
Cointelegraph Research has released a report on the tokenization of private credit for European small and medium-sized enterprises (SMEs). The analysis emphasizes that while bringing loans onchain transforms the operational rails, it does not eliminate the core need for borrower assessment, tangible collateral, and legal recovery.
Across major lending protocols, active loan books vary from approximately $16 million to $2.22 billion. Yields, sector exposure, fee structures, and default histories differ significantly between platforms. The report explores which crypto credit structures can realistically serve SMEs and where access, underwriting, and enforcement still face challenges.
A specific case study involving @eightlends and Maclear AG illustrates what tokenization changes—and what it does not—in the context of private credit markets. The full PDF is available for review.
Source: Cointelegraph