pledgeIs it money or credit?
Reserve-backed dollar wrappers and yield-bearing credit claims should not sit in the same mental bucket.
Digital Credit desk9 credit claimsSeparated from Digital Money rails
Total products14Bitcoin-linked money and credit
Yield wrappers11Yield source requires separate review
Tracked market cap$13.7BDated snapshots Apr 24, 2026 – Jun 20, 2026
Last reviewJun 18, 2026Issuer docs and market data checked
Digital Credit tracker
Track Bitcoin-linked yield claims without treating them like Bitcoin.
This desk separates Digital Credit from Digital Money, then shows the backing, yield source, exit path, and risk notes behind each checked product.
Where does yield come from?
A payout, dividend, or advertised return needs an underlying source, not just an attractive headline rate.
How do you exit?
Check redemption, exchange liquidity, transfer limits, and whether the wrapper depends on a single issuer.
Source review note: Research snapshot, not a live quote or recommendation. Recheck issuer docs, filings, market data, eligibility, and exit terms before relying on any Digital Credit figure.
How to read the score
The score ranks evidence quality, not guaranteed yield.
Digital Credit scoring favors products with clear backing, explainable yield source, documented exit path, and visible proof. A higher score means cleaner review inputs, not a recommendation to buy.
Reserve, dividend, credit, or collateral source must be visible before yield matters.
Redemption, secondary liquidity, wrapper limits, and issuer controls change the risk.
Issuer docs, source links, and dated market data carry more weight than headline APY.
Digital Money / Digital Credit
Review methodology9 products ranked by risk first.
Ranks products by backing clarity, structure, control risk, and whether the claim is easy to explain.
Current matchStrategy STRF
Review STRFStrategy preferreds are public-market examples used to understand Digital Credit-style claims.
1
- Score
- 7.8
- Size
- $1.2B
- Yield
- Yield-bearing option
- Proof
- 4 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Public evidence is strong enough to compare.Yield layer needs separate underwriting.
Preferred claim on Strategy, whose treasury strategy is centered on Bitcoin accumulation; divide...Brokerage-traded Nasdaq preferred with senior-most Strategy preferred framing.Issuer credit and fixed-rate, long-duration price sensitivity (no $99–101 price collar).
2
- Score
- 7.9
- Size
- $9.3B
- Yield
- Yield-bearing option
- Proof
- 8 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Public evidence is strong enough to compare.Yield layer needs separate underwriting.
Preferred claim on Strategy, whose treasury strategy is centered on Bitcoin accumulation; divide...Brokerage-traded Nasdaq preferred with the deepest Digital Credit liquidity.Issuer credit, issuer-discretionary rate reset (with SOFR floor), market-price volatility, only...
3
- Score
- 7.4
- Size
- $848.7M
- Yield
- Yield-bearing option
- Proof
- 4 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Public evidence is strong enough to compare.Yield layer needs separate underwriting.
Preferred claim on Strategy, whose treasury strategy is centered on Bitcoin accumulation; divide...Brokerage-traded Nasdaq preferred with common-equity conversion exposure.Issuer credit plus an embedded, holder-optional MSTR equity-conversion option — a fixed 0.1000 c...
4
- Score
- 7.4
- Size
- $872.3M
- Yield
- Yield-bearing option
- Proof
- 4 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Public evidence is strong enough to compare.Yield layer needs separate underwriting.
Preferred claim on Strategy, whose treasury strategy is centered on Bitcoin accumulation; divide...Brokerage-traded Nasdaq preferred with higher-yield, longer-duration framing.Non-cumulative dividend risk — per its Certificate of Designation a skipped STRD dividend is per...
5
- Score
- 7.0
- Size
- $620.0M
- Yield
- Yield-bearing option
- Proof
- 4 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Review source quality before relying on the claim.Yield layer needs separate underwriting.
Preferred claim on Strategy, whose treasury strategy is centered on Bitcoin accumulation; divide...LuxSE-listed preferred exposure with EUR denomination and thinner public product history.Issuer credit plus genuine EUR/USD currency risk: per its Certificate of Designation both the di...
6
- Score
- 7.2
- Size
- $496.0M
- Yield
- Yield-bearing option
- Proof
- 3 sources
Risk assessmentCredit-style claim, not cash or direct BTC.Review source quality before relying on the claim.Yield layer needs separate underwriting.
Preferred claim on Strive, Inc., whose treasury strategy holds ~15,009 BTC plus cash and Strateg...Brokerage-traded Nasdaq preferred; thinner public-market history than Strategy’s STRC and a smal...Issuer credit, dividend policy, smaller-issuer concentration, market-price volatility, and no di...