Trad.Fi, W3 target $650 million in onchain private credit using AI evaluation

Trad.Fi and W3 are targeting $650 million in on-chain private credit by leveraging artificial intelligence for evaluation. The collaboration aims to automate capital workflows and integrate real-economy business lending onto public blockchain infrastructure. Trad.Fi, an equipment-financing lender, is partnering with W3 to achieve this objective. This initiative represents a significant step towards bridging traditional finance with decentralized ledger technology for business lending. The use of AI is intended to streamline the credit assessment process, making it more efficient and potentially more accessible for businesses seeking capital. By utilizing public blockchain rails, the partners seek to enhance transparency and security in the private credit market. This move could pave the way for increased adoption of blockchain technology in traditional financial services, particularly in the realm of business lending and capital markets.