Why Private Credit Is Moving Onchain — And What DeFi Gets Right and Wrong About It

David Vatchev is Head of Tokenization at Fasanara, Arpan Gautam is the Founder at Noon, and Rob Montgomery is the CoFounder at infiniFi.In this episode, David, Arpan, and Rob break down why not all private credit is the same, and why the short duration, asset-backed, diversified kind is fundamentally different from what's causing problems in TradFi. They walk through how Noon and infiniFi independently chose to allocate to Fasanara, how the First Brands Group bankruptcy stress-tested their thesis in real time, and what tokenized private credit needs to get right in its next phase for DeFi.------💎 THIS EPISODE'S SPONSORS🔒 KPK | Best risk-adjusted yield through automated vaults🟠 APYX | The first dividend-backed stablecoin (DBS)👻 MANTLE | Aave V3 is live on Mantle🐡 PUFFER INSTITUTIONAL | ETH staking solutions for scale⚔️ KATANA | Deep liquidity & real yield------⏱️ TIMESTAMPS0:00 - Intro2:53 - How Fasanara thinks about private credit in DeFi4:58 - What is infiniFi building?8:28 - What is Noon building?10:55 - The opportunity for tokenization is huge!16:31 - What are valid vs overstated concerns about private credit onchain?20:52 - Why Noon tokenized yield deployed directly into Fasanara23:25 - How Noon manages liquidity demands with Fasanara exposure27:22 - Why infiniFi chose to deploy into mGLOBAL on Midas31:48 - The First Brands stress test on Fasanara and DeFi’s exposure43:17 - What DeFi must get right in the next phase of tokenized private credit48:04 - Real-time verification and transparency onchain can improve TradFi52:53 - How infiniFi is betting more on private credit yield onchain58:12 - What shouldn't work well onchain1:01:19 - What’s next on product roadmaps for infiniFi and Noon?1:04:41 - Closing------🔗 GUEST LINKS► Fasanara website: https://www.fasanara.com/► Fasanara on X: https://x.com/FasanaraCapital► Noon website: https://noon.capital/► Noon on X: https://x.com/noon_capital► Arpan on X: https://x.com/ag_noon► infiniFi website: https://infinifi.xyz/► infiniFi on X: https://x.com/infiniFi► Rob on X: https://x.com/RobAnon------🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER► Newsletter: https://the-edge.xyz► Apple: https://tinyurl.com/edgepod► Spotify: https://tinyurl.com/edgepodspotify► Linktree: https://linktr.ee/edge_pod► Follow DeFi Dad: https://x.com/DeFi_Dad► Follow Nomatic: https://x.com/Nomaticcap► Learn DeFi: http://defidad.com/------DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment purposes only. Nothing shared here is financial advice. Any views expressed by hosts or guests on the show are solely their opinions. Always do your own research. DeFi Dad, Nomatic, and guests may have positions in the assets or other matters discussed in this podcast. DeFi Dad and Nomatic invested in the seed round for infiniFi. Noon has been a sponsor of The Edge Podcast, but they have never paid for a guest slot. We do NOT offer paid guest slots. We chose Arpan for this roundtable based on his expertise in Fasanara's private credit offering.