Deploi, an institutional infrastructure provider for digital private credit, has launched direct issuance capabilities on Polygon, securing ISIN allocations from Nasdaq CSD for UK Consumer Credit Notes. The platform announced the framework on May 14, 2026, enabling regulated digital debt issuance with a EUR 1 billion note programme targeted for 2026 and EUR 5 billion capacity planned post-Q3 2026.
Legacy Private Credit Meets Blockchain Settlement
Deploi replaces manual fund structures with programmable issuance, settlement, and servicing on Polygon’s blockchain layer. The infrastructure addresses operational friction endemic to traditional private credit: slow execution, manual documentation, and high investor minimums. Oskars Jepsis, Deploi founder, stated that “the legacy private credit model is operationally outdated. Investors and lending partners increasingly expect faster execution, greater transparency, and more flexible access to credit opportunities.” The platform’s first issuance, identified as Series 2026/CON/001, focuses on UK consumer credit assets, with individual notes sized at up to EUR 5 million and target net yields between 6–18 percent depending on underlying asset structure. Assetera, an EU-regulated DLT trading platform licensed under MiFID II, handles institutional distribution across Europe.
Institutional Access Expands Through Digital Rails
The Deploi-Assetera partnership removes structural barriers that have historically locked European investors out of private credit markets. Thomas Labenbacher, CEO of Assetera, noted that “private credit has long been inaccessible to most European investors due to structural barriers — high minimums, opacity, and illiquidity.” Deploi has already lined up EUR 100 million in additional issuance volume over the next six months, signaling institutional demand. Marc Boiron, CEO of Polygon Labs, validated the approach: “What Deploi is doing with direct issuance and bringing this onchain with Polygon is a clear step toward making these markets more efficient, transparent, and easier to access for institutional participants.” Polygon’s role as settlement layer enables real-time clearing and custody integration with existing market infrastructure.
Regulatory Approval and Infrastructure Timeline
Deploi expects to complete global issuance infrastructure by end of Q3 2026, with Nasdaq CSD’s ISIN allocation confirming regulatory pathway for digital debt instruments. The EUR 1 billion note programme represents phase one; post-Q3 2026 capacity expands to EUR 5 billion. Future settlement integration with Canton Network signals intent to move beyond Polygon toward interoperable blockchain infrastructure. Regulatory approval timelines beyond Q3 2026 completion remain undisclosed.
What’s Next for Onchain Private Credit
The success of Deploi’s EUR 100 million pipeline will determine institutional appetite for blockchain-native credit products. Key variables include borrower creditworthiness verification, default rate performance, and adoption by traditional asset managers. Completion of global infrastructure by Q3 2026 becomes the critical proving ground for whether private credit can migrate materially onchain.
