Blackstone Alums Secure $25M for Blockchain-Based Private Credit

A former pair of executives from Blackstone have secured a significant investment to bring private credit onto blockchain technology.

The duo, who wish to remain anonymous, has raised $25 million in funding to support their project, which seeks to leverage blockchain's potential for increased transparency and efficiency in the private credit market.

With this substantial investment, the team will be able to further develop their solution, addressing one of the key pain points in the private credit industry: the lack of standardization and accountability.