Blackstone Secured Lending Fund

When BXSL listed in October 2021, it was the largest business development company IPO in fifteen years. It is managed by an arm of Blackstone Credit, one of the biggest names in private credit, and that scale is the whole argument: Blackstone's origination engine feeds the fund large, privately negotiated loans that smaller lenders cannot reach. The portfolio is built almost entirely from first-lien senior secured debt, the safest rung of the capital structure, which sits ahead of subordinated debt and equity if a borrower fails. Investors buy it for a high, floating-rate dividend backed by that senior position. The trade-off is familiar for the category: the loans go to private middle-market companies, and a broad credit downturn would test even first-lien exposure.

On MyRWA, BXSL trades tokenized across 1 on-chain venue - see the listings below.