Onlend launches to bring real-world debt onto blockchain through tokenization.
Tech & Launches ·
Onlend has launched with the stated goal of bringing real-world debt onto blockchain infrastructure through tokenization. The platform frames its entry around a metric: 99.99% of global debt currently remains held offchain, representing the addressable market for onchain debt infrastructure. The mechanics involve converting traditional debt instruments into blockchain-native tokens, enabling these assets to settle and trade on distributed ledgers rather than through conventional financial channels. What remains unclear is which debt classes Onlend will prioritize first—whether corporate bonds, mortgages, trade finance, or other categories—and what regulatory framework governs the tokenization and custody of these instruments across jurisdictions. The platform's technical architecture, collateral requirements, yield mechanisms, and go-to-market traction have not yet been detailed.