According to Wu Blockchain, crypto analyst YashasEdu revealed that tokenized private credit has skyrocketed from $25 million to $6.01 billion within 12 months. These funds are being used as collateral in lending protocols, for mortgage loans, and integrated into DeFi yield strategies. However, these funds could pose contagion risks due to issues like collateral quality risks, centralization risks, and mismatches between legal timelines and on-chain timelines. YashasEdu pointed out that tokenized private credit has several vulnerabilities, including the lack of standardized on-chain credit ratings, significant differences in redemption mechanisms, and the illiquidity of underlying loans. They predict this could lead to a major on-chain credit default event in the future. http://(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=58683