Onlend Launches No-Code Platform for Custom Onchain Lending Apps, Targeting $350 Trillion Debt Market

Onlend, founded by veterans of a leading DeFi lending protocol, has unveiled a no-code infrastructure platform that allows fintechs, asset managers, curators, and asset issuers to launch custom onchain lending applications without building from scratch. The launch comes as global debt exceeds $350 trillion, while DeFi active loans sit at just $33 billion, highlighting a massive opportunity for onchain lending growth. The stablecoin market has surpassed $300 billion and tokenized real-world assets have reached $39 billion, creating new collateral types. Onlend differentiates itself by offering permissionless app creation with deep customization, including advanced interest-rate models like fixed rates and external benchmarks, multi-collateral support, and configurable oracles and liquidation mechanisms. It targets fintechs seeking to embed borrowing, asset managers wanting controlled markets, and even AI agents needing autonomous lending. Unlike Aave's governance-gated asset listings or Morpho's immutable markets, Onlend combines flexibility with operational control. This could accelerate the shift of traditional debt markets onchain.