Tokenized credit platforms now hold $5.8B TVL across top 10, with Stokr claiming first place and Chainlink CCIP surging 68% to $405M.
RWA & Tokenization ·
Tokenized private credit platforms now hold approximately $5.8 billion across the top ten by total value onchain, reflecting the category's growing depth within real-world assets. Stokr leads the leaderboard at $1.4 billion, having displaced Maple Finance from the number-one position; Maple now sits second at $1.2 billion after shedding roughly $200 million. Chainlink CCIP has emerged as the period's strongest performer, rising 68 percent to $405 million and approaching Hastra Finance in rankings, while OnRe Finance climbed 30 percent from the list's lower positions.
The shift underscores continued momentum in tokenized lending infrastructure, though the exact timeline of these movements and the drivers behind specific platform fluctuations remain unclear. The category encompasses real loans, funds, and yield products, suggesting varied product structures across the ranked platforms. Whether the concentration at the top reflects network effects, product-market fit, or other factors is not specified in the available data.