Nearly half of all tokenized credit funds live on Ethereum. According to data from RWA.xyz, Ethereum accounts for 42.9% of the tokenized credit fund market, which has grown to a distributed value of $7.29 billion. It also partnered with Apollo Global Management on ACRED, a tokenized credit fund that reported an 8.77% annualized yield from March 2025 through February 2026. Solana and Provenance have carved out portions of the tokenized credit market, offering faster transaction speeds and lower costs that appeal to certain use cases. The $7.29 billion distributed value also represents a tiny fraction of global credit markets, which run into the tens of trillions.