SteakhouseFi launches solmF-ONE on Kamino, tokenizing $5B+ in private credit from Fasanara Capital's lending business.
DeFi & Yields ·
SteakhouseFi has launched solmF-ONE on Kamino, a tokenized product that brings private credit exposure from Fasanara Capital's lending operations—which manage over $5 billion in assets—into decentralized finance. The token bridges traditional non-bank lending with on-chain infrastructure, allowing DeFi users to access returns from private credit markets typically reserved for institutional investors.
Private credit historically refers to loans extended by non-bank lenders to mid-sized and smaller companies, often valued for speed and flexibility rather than lowest-cost execution. As these assets move on-chain through tokenization, they are emerging as a connective layer between traditional finance and DeFi, enabling institutional-grade lending strategies to become usable collateral and yield-generating positions within decentralized protocols. Fasanara Capital's $5 billion lending portfolio now has a structured on-chain representation through the Kamino deployment.
Details on the token's mechanics, redemption terms, and specific yield structure remain limited in available announcements. The launch represents an extension of broader efforts to tokenize private credit instruments on-chain, though broader questions about data integrity, offchain-to-onchain risk transmission, and regulatory clarity for such products persist across the sector.