Tokenized credit pools publish TVL and APY — not borrower concentration, covenant drift, or how the collateral behaved last month. Tapewatch runs continuous, loan-level AI surveillance on tokenized credit and publishes machine-readable risk signals you can act on before the pool does.
The incumbents rate the wrapper and the flagship funds, once. Tapewatch watches the loans — every week, across every pool you hold or curate.
Servicer tapes, originator disclosures, and on-chain flows, reconciled continuously. Concentration, delinquency migration, borrower overlap across pools — surfaced, not buried in a PDF.
When a pool's actual composition walks away from its stated mandate, you hear it from us first — email, Telegram, or on-chain feed.
Risk marks published as an oracle feed your vault, protocol, or risk system can consume programmatically. Built for curators, not just committees.
A live sample from our monthly teardown of 10 public tokenized credit pools. The full analysis is free — because you shouldn't have to trust a rating you can't inspect.
| Pool | TVL | Stated mandate | Finding | Signal |
|---|---|---|---|---|
| Pool A · fintech receivables | $142M | ≤5% single-borrower | Top borrower reached 11.8% via affiliated entities | DRIFT |
| Pool B · equipment finance | $88M | Senior secured only | Composition consistent; DSCR stable q/q | CLEAN |
| Pool C · SMB term loans | $64M | 90d+ delinq ≤3% | Delinquency migration accelerating in 30–60d bucket | WATCH |
| Pool D · trade finance | $210M | — | Subscribe to read the remaining seven pools | ••• |
Free, monthly, independent. Ten pools torn down to the loan level. Read it before you allocate — or before someone asks why you didn't.
For curators and allocators who need more than the public Monitor.