Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
Fintechs Are Digitizing $33T in Alternative Assets
Alternative Assets | Nov 12, 2025
Image: State of Alternative Assets: A Fintech Perspective (Luge Capital, Nov 2025)
Fintech Innovation is Eating Away at Private Markets
On November 11, 2025 Luge Capital published an informative report titled "2025 State of Alternative Assets: A Fintech Perspective'. Global Alternative Assets (Alts or AltAssets) reached $19 trillion in 2023 and could grow to $33 trillion by 2030, per the report's analysis of verified data from Preqin, BCG, and Deloitte.
Private equity and private credit stand out as the biggest categories but behind this growth, fintech companies are quietly rebuilding how money is raised, managed, and circulated across private investments.
Fintechs Are Rebuilding the System From the Ground Up
Laviva Mazhar, a Principal at Luge Capital and Author of the report, compares what's happening today to the early computerization of trading desks. Manual processes are being replaced by connected systems that make private markets work more smoothly.
See: NCFA Canada and TheBlock Partner to Build a Global Bridge for Tokenization
New companies are designing tools that handle every step of the process, from AI-supported deal sourcing and due diligence to data collection and performance reporting. The report names Canoe Intelligence (U.S.), 73 Strings (India), and Mantle (Canada) among the firms setting new benchmarks for automation.
Large players such as BlackRock, iCapital, and Hamilton Lane are also expanding through partnerships and acquisitions, bringing these innovations into the mainstream.
Private Equity and Credit Are Driving Growth
Private equity assets under management reached $5.8 trillion in 2023, while private credit is expected to reach $2.6 trillion by 2029. The number of U.S. companies backed by private equity has climbed 490% since 2000, validating how deep private capital is supporting business growth.
Company buyouts or public companies being taken private off the stock market increased 32% year over year, pointing to strong investor appetite for longer-term ownership. Across North America $297 billion has flowed into 7,300 private Canadian companies since 2013, backed by the shared strength of regional investment ecosystems.
Access is Opening Beyond Institutions
Luge reports that 86% of institutional investors already allocate to alternatives, but individual investors are beginning to play a larger role. Assets from the wealth channel in the U.S. are projected to more than double to $3 trillion by 2029.
See: DealMaker Raises $20M to Expand AI Capital Platform
Fintech platforms like iCapital (U.S.), Yieldstreet (U.S.), and Opto Investments (U.S.) are developing digital pathways that make it easier for people to participate in funds once reserved for large institutions. This growing inclusion is one of the strongest patterns Luge identifies across the market.
According to Luge, the biggest opportunities now lie in the systems that connect private markets together. These include data sharing networks, portable investor identity tools, and liquidity platforms for secondary trading. The report also highlights a new class of software that helps fund managers handle onboarding, compliance, and reporting in one place. These initiatives are setting the stage for a more open and efficient investment environment.
Outlook
Fintech companies that make it easier to access capital, reduce paperwork, and build trust are helping the global economy work better. This focus mirrors NCFA Canada’s commitment to supporting innovation, inclusion, and competitiveness through responsible market design that benefits investors, businesses, and communities alike. Download Luge Capital's latest report on the State of Alternative Assets in 2025 and/or subscribe to NCFA's weekly newsletter.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
 |  |  |
|---|---|---|
 |  |  |
Leave a Reply