Replacing Trust with Truth: Private Credit Fraud, UCC Visibility, and Tokenization Controls

Replacing Trust with Truth: Private Credit Fraud, UCC Visibility, and Tokenization Controls

From Brilliance Security Magazine Podcast by Steven Bowcut

January 19, 2026 · 43 min · Season 8 · Episode 1

About this episode

This episode discusses the challenges of trust in private credit and explores solutions like tokenization and continuous monitoring to combat fraud.

Private credit is growing fast—and in many cases it still runs on “trust” across fragmented systems, creating openings for fraud, double-pledging, and costly verification gaps. In this episode, Steven Bowcut talks with Cole Snell , founder of Real Private Credit , about why lending is a trust-and-controls problem, how bad actors exploit UCC filing fragmentation, and how continuous monitoring, explainable scoring, and tokenization can shift the market from “trust” toward “truth.”

People in this episode

Host: Steven Bowcut

Guest: Cole Snell

Topics covered

  • private credit
  • fraud
  • UCC visibility
  • tokenization
  • lending controls
  • continuous monitoring

Keywords

  • private credit
  • fraud
  • UCC
  • tokenization
  • lending
  • trust
  • controls

Mentioned in this episode

Organizations: Real Private Credit

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