Percent Launches PCTX Electronic Trading Venue for Private Credit
Percent's new PCTX platform targets a private credit market projected to hit $3.4 trillion by 2030, offering institutions liquidity discovery and standardized data.
Percent, a platform focused on private credit infrastructure, has unveiled PCTX, a standalone electronic trading venue designed to bring greater liquidity and transparency to an asset class that has historically operated with limited price discovery and fragmented data.
The new venue is aimed squarely at institutional participants, offering liquidity discovery tools, standardized loan-level data, and privacy-preserving workflows — features that private credit investors have long lacked compared with participants in more mature fixed-income markets.
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The timing reflects mounting institutional appetite for private credit. The market is projected to reach $3.4 trillion by 2030, a scale that increasingly demands the kind of secondary-market infrastructure that PCTX is designed to provide. Without efficient trading mechanisms, capital can become locked in illiquid positions, limiting flexibility for lenders and borrowers alike.
By standardizing the data layer alongside the trading function, Percent is positioning PCTX as more than a simple matching platform — it is an attempt to establish common market conventions in a space where deal structures and reporting formats have varied widely from manager to manager. That standardization could reduce friction for institutional buyers assessing secondary positions.
The launch signals a broader maturation of private credit as an asset class, as technology firms and market infrastructure providers move to address the liquidity gaps that have accompanied rapid growth in the sector. Continue reading at Cryptocurrency.
