Ep. 779 Cap | Bringing Private Credit Onchain (feat. Benjamin Sarquis Peillard)

What happened

In episode 779 of the BlockHash Podcast, host Brandon Zemp spoke with Benjamin Sarquis Peillard, Founder and CEO of Cap, an onchain credit marketplace backed by financial guarantees, about stablecoins, onchain credit, underwriting, and bringing traditional private credit infrastructure onchain.

Confirmed

Global impact / market context

Private credit involves lending outside public markets, which means companies borrow directly from funds rather than banks. Putting this process onchain could change how institutional borrowers raise money, how lenders assess risk using underwriting, and how investors access credit deals.

Analyst inference

Stablecoins are digital tokens tied to traditional currencies, and onchain credit uses blockchain records for lending. This podcast frames these tools as a bridge between institutional borrowers and digital asset markets, suggesting a shift in how private credit infrastructure might operate and attract investor attention.

Analyst inference

What to watch

1. Cap is described as an onchain credit marketplace backed by financial guarantees, and the episode explores how it connects institutional borrowers with digital asset markets through underwriting and guarantees. Confirmed
2. The episode suggests bringing traditional private credit infrastructure onchain, which if pursued would require building underwriting standards and guarantee systems acceptable to institutional borrowers and lenders. Proposed
3. If onchain private credit grows, companies could face new borrowing options, lenders could change risk assessment, and investors could see new credit assets, affecting capital spending, cash available, and regulation. Analyst inference

Evidence

• podcasters.spotify.com