Alternative map · RWA credit
On-chain credit alternatives: Centrifuge, Maple, or Goldfinch?
Credit platforms should be compared by underwriting and loss allocation, not by advertised yield or token performance.
Reviewed: 21 August 2026
We compare structures and decision criteria. We do not rank tokens, promise returns, or treat partner compensation as evidence of quality.
Centrifuge
A research profile for tokenized credit and real-world assets. Evaluate pool structure, borrower underwriting, legal documents, liquidity, and loss scenarios.
Open research profile →Maple Finance
A research profile for on-chain credit markets. Evaluate borrower quality, pool terms, counterparty exposure, redemption conditions, and jurisdictional availability.
Open research profile →Goldfinch
A research profile for private credit on-chain. Evaluate borrower diligence, seniority, defaults, legal enforcement, liquidity, and geographic eligibility.
Open research profile →What to compare
Borrower and asset exposure
Identify who borrows, what supports the claim, where the borrower operates, and how concentrated the exposure is.
Underwriting
Review eligibility, diligence, monitoring, reporting, covenants, collateral, defaults, restructurings, and the parties responsible for enforcement.
Legal structure
Trace the pool, issuer, trustee, manager, servicer, and jurisdiction. A smart contract cannot by itself enforce an offchain credit claim.
Seniority and loss
Understand who bears losses first, how impairment is recognized, whether recovery is possible, and what happens when a borrower misses payments.
Liquidity
Check withdrawal, redemption, transfer, lockup, and settlement conditions. Credit exposure can remain illiquid even when represented by a transferable token.
Who each route may fit
- Centrifuge: readers comparing pool-based asset-financing infrastructure.
- Maple Finance: readers researching institutional credit-market structures.
- Goldfinch: readers evaluating private-credit exposure and borrower diligence questions.
Continue the research
Use these related pages to inspect the underlying profiles, tools, and methodology. Always verify current provider terms, eligibility, fees, and legal conditions directly.