TradFi private credit funds (MS, BlackRock, BX) gating redemptions again—trapped capital in illiquid vehicles during stress. Meanwhile onchain with f(x): you can always redeem your collateral back anytime, no gates, no approvals needed. True DeFi wins. #DeFi #PrivateCredit

zerohedge
@zerohedge
03-12
*MORGAN STANLEY LIMITS REDEMPTIONS ON PRIVATE CREDIT FUND
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