Percent Launches PCTX Trading Venue for Private Credit Market

Percent has introduced PCTX, a dedicated electronic trading venue designed to bring structured liquidity and standardized data infrastructure to the private credit market, the company announced Wednesday. The platform targets institutional participants who have long operated in a fragmented, opaque market lacking centralized price discovery mechanisms.

PCTX is built to deliver liquidity discovery, loan-level data standardization, and privacy-preserving transaction workflows — three features the company says have been conspicuously absent from private credit markets despite explosive growth in the asset class. The private credit market is projected to reach $3.4 trillion by 2030, according to figures cited by Percent at launch.

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The venue operates as a standalone institutional platform, separating it from Percent's existing private credit origination and investment infrastructure. That structural separation is intended to allow a broader range of institutional counterparties to participate without requiring full integration into the parent platform's ecosystem.

The launch comes as institutional appetite for private credit has surged following years of elevated interest rates and tightening bank lending standards, which pushed borrowers toward alternative credit channels and drew investors seeking yield. Industry observers have noted that secondary market infrastructure has lagged significantly behind primary market growth, creating friction for investors seeking to rebalance or exit positions.

By introducing standardized loan-level data alongside electronic trade execution, PCTX positions itself as foundational market infrastructure rather than simply a liquidity aggregator. Continue reading at Cryptocurrency.