Real World Assets
Private Credit On-Chain
Browse tokenized private credit on Midas. A credit token gives its holder a claim on loans made to businesses, on the issuer's terms. Your capital is at risk.
Credit Products
Types of Private Credit
A credit token can represent different kinds of lending. Each issuer states what its token holds.
Senior Secured Lending
Loans that rank first for repayment and are backed by collateral. They can still lose money if the borrower defaults.
Revenue-Based Financing
Growth capital for businesses, repaid as a share of their revenue.
Real Estate Bridge Loans
Short-term loans secured on property, used for purchases and renovations.
Trade Finance
Finance for trade, including letters of credit, export finance and supply chain finance.
Invoice Factoring
Buying a business's unpaid invoices at a discount, repaid when its customers pay.
Safety First
Risk Management
Issuers describe their underwriting, structural protections and reporting in each product's documentation. Your capital is at risk.
Borrower Vetting
Issuers state how they assess borrowers before lending.
Collateralization
Issuers state each pool's collateral and loan-to-value ratios. Collateral may not cover all losses if a borrower defaults or asset values fall.
Default Risk
Some issuers state that reserve funds or insurance add protection if a borrower defaults. Terms vary by product. See the issuer's documentation.
Diversification
Issuers state how their loans are spread across borrowers, industries and regions.
Transparent Reporting
Issuers state what they report on repayments and defaults, and how often.
Credit Enhancement
Some issuers split a pool into senior and junior tranches, where junior holders take losses first. See the issuer's documentation.
Private Credit on Midas
Browse tokenized private credit on Midas. Each issuer sets its terms, and your capital is at risk.