Private Credit, Yield Structures, and Digital Lending Infrastructure
Private credit has become the fastest-growing segment of alternative assets. Every direct loan, mezzanine facility, and credit fund requires underwriting, structuring, compliance, and investor reporting — all of which are being reshaped by digital infrastructure.
This track teaches how private credit markets work, how loans are underwritten and structured, and how tokenization is creating new models for origination, participation, and institutional distribution.
Who this is for
Built for the people deploying private capital.
This track is designed for professionals who originate, underwrite, structure, or manage private credit — and who need to understand how digital systems are changing the way loans are issued, serviced, and distributed to institutional investors.
- Credit analysts & portfolio managers
- Fund managers & capital allocators
- Loan originators & underwriters
- Compliance officers & risk managers
- FinTech founders in lending
- Institutional LP relations professionals
- Structured finance attorneys
Why this matters now
$1.7 trillion in private credit and accelerating.
Banks have pulled back from middle-market lending, creating a structural vacuum that private credit funds are filling at unprecedented scale. Direct lending, asset-based credit, and specialty finance are all growing double digits annually.
Tokenization is enabling fractional loan participation, automated interest distribution, real-time collateral monitoring, and secondary market liquidity for historically illiquid instruments. Digital infrastructure is making private credit more accessible, transparent, and operationally efficient.
Professionals who understand both traditional credit structuring and digital lending infrastructure will lead the next generation of private capital deployment.
Structured learning path
8 courses from fundamentals to capstone.
Foundation
Private Credit Markets 101
Direct lending, mezzanine, unitranche, fund structures, LP/GP economics, origination channels, market sizing
How Credit Funds Generate Yield
Spread capture, OID, PIK, equity kickers, fee structures, recycling provisions, portfolio construction
Intermediate
Underwriting & Credit Analysis
Cash flow coverage, leverage ratios, collateral valuation, industry risk, management assessment, covenant design
Loan Structuring & Documentation
Term sheets, credit agreements, intercreditor arrangements, security packages, waterfall mechanics, amendment processes
Collateral Management & Monitoring
Borrowing base mechanics, asset tracking, portfolio surveillance, early warning systems, workout strategies
Tokenization of Credit Instruments
On-chain loan origination, fractional participation, automated distributions, digital transfer restrictions, secondary markets
Advanced
Compliance & Regulatory Frameworks
SEC registration, state lending licenses, KYC/AML, accredited investor verification, digital asset regulations
Private Credit Issuance Lab
Structure a credit facility, build loan tape, model cash flows, design token wrapper, construct investor reporting
Applied labs
Underwrite it. Structure it. Issue it.
This track includes hands-on labs where you build real outputs: credit facilities, underwriting scorecards, tokenized loan participations, monitoring dashboards, and investor reporting packages.
View All LabsCapstone project
Private Credit Issuance Capstone
Complete the track by building a full institutional-grade credit package: underwriting memo, facility structure, cash flow model, tokenized participation design, compliance framework, and investor reporting system.
Connected ecosystem
Systems and infrastructure aligned with this track.
OPTKAS
Structured capital infrastructure for institutional asset origination, credit settlement, and custody.
XXXIII / GMIIE
Global monetary infrastructure intelligence for credit markets, regulation tracking, and yield analytics.
Helios Digital
Digital asset custody and certificate systems for collateral tokenization and verification.
x402
Payment rail infrastructure for automated loan servicing, distributions, and settlement.