Equipment finance platform Trad.Fi to bring $650M in private credit onchain
Trad.Fi plans to bring up to $650 million in equipment-finance credit onchain, targeting a trillion-dollar US market still dominated by paperwork.
US-based equipment finance platform Trad.Fi announced plans to bring up to $650 million in private credit onchain over the next 48 months.
The initiative targets one of the largest and least digitized credit markets in the US, the trillion-dollar industry funding manufacturing equipment, industrial systems and residential solar installations, according to an announcement shared with Cointelegraph.
Trad.Fi said the $650 million is not deployed capital but a credit pipeline that will be minted onchain, backed by committed senior credit facilities and signed Letters of Intent from anchor borrowers. The company said it currently has about $85 million in signed term sheets and about $40 million expected to close imminently.