How Blockchain Upgrades Private Credit? | Pareto Credit & M11 Credit

Putting private credit onchain can shorten settlement and reduce servicing overhead. It does not remove the need for underwriting, legal protections, monitoring, or a plan for defaults. In this episode we speak with Matteo Pandolfi, co-founder and CEO of Pareto Credit, and Thibault Labidi, Director of M11 Credit, about what changes when institutional credit moves onchain. They explain how Pareto turns traditional credit agreements into programmable credit infrastructure, while M11 Credit originates, structures, underwrites, and monitors the underlying deals. The conversation follows the full process from borrower selection and legal structuring to administration, distribution, capital efficiency, and default management. We cover: • Why Pareto moved from Idle Finance’s yield-optimization model into private credit. • How same-day drawdowns and repayments compare with T+2 settlement. • Where 50–100 basis points of servicing overhead may be removed. • How lenders can use an onchain credit position as collateral without exiting the underlying exposure. • How Pareto and M11 Credit divide responsibility for infrastructure, underwriting, monitoring, and distribution. • What sits behind FalconX’s $170 million Credit Vault. • Why onchain credit will continue to depend on offchain businesses and legal structures. • How the market should prepare for defaults as it scales. — Matteo Pandolfi LinkedIn: https://www.linkedin.com/in/pandolfimatteo/  Matteo Pandolfi X: https://x.com/pan\_teo_  Pareto: https://pareto.credit/  Thibault Labidi LinkedIn: https://www.linkedin.com/in/thibault-labidi/  Thibault Labidi X: https://x.com/Bablidi\_Thib  M11: https://maven11.com/  Alea Research:  https://alearesearch.io/  Alea Research X: https://x.com/AleaResearch  Spotify:  Apple: Alenka X: https://x.com/alenka\_on\_x  Alenka LinkedIn: https://www.linkedin.com/in/alena-shmalko/  Kaisa X: https://x.com/kaisakaisa_  Kaisa LinkedIn: https://www.linkedin.com/in/kaisa-k-4aa212194/  — DISCLAIMER: This Content is Provided Solely for Informational and Educational Purposes. It does Not Constitute Financial, Investment, or Legal Advice.