The Tricolor and First Brands collapses exposed structural vulnerabilities in private credit that better documentation alone can't fix. Blockchain infrastructure eliminates fraud, but also cuts operational expense, accelerates capital turns and opens new sources of liquidity. Moderated by Avalanche, practitioners from Janus Henderson, Tranched and Axiym will assess how on-chain origination, automated perfection, seamless fiat-to-digital conversion and programmable liquidity are reshaping asset finance.