Private credit is considered a "fertile ground" for tokenization: Maple Finance CEO

According to Maple Finance CEO Sidney Powell, private credit (tín dụng tư nhân) is booming as banks tighten lending and give way to private lenders, creating a rapidly growing market that is almost “tailor-made” for tokenization. Unlike stocks or investment funds, private credit typically lacks liquidity, has poor price discovery, and opaque reporting — weaknesses that onchain assets can directly address.

Powell believes that tokenizing private credit is the next big growth story, rather than Treasury bonds or money market funds, which are currently attracting more attention. Bringing private loans onto the blockchain can improve transparency, expand the investor base, and reduce secondary transaction friction, especially in a market that mainly involves bilateral trading and is unlisted.

He also forecasts that onchain credit defaults will occur in the coming years and considers this an inevitable part of the market, not a failure of DeFi. According to Powell, transparent and auditable blockchains will make private credit safer and easier to invest in, as the entire loan lifecycle — from issuance to repayment or default — is clearly recorded, reducing fraud such as overlapping collateral.

In the macro context, Powell links inflation and the burden of public debt with a positive outlook for Bitcoin, arguing that this environment favors assets with a fixed supply. In the long term, he believes that yield-seeking capital will come from large institutions such as pension funds, insurance companies, investment funds, and sovereign wealth funds — entities that are compelled to seek profits wherever possible.