STBL, OKX Ventures, and Securitize Collaborate on RWA-Backed Stablecoin

TLDR

• OKX Ventures has partnered with Securitize, Hamilton Lane, and STBL to launch a new stablecoin backed by tokenized private credit assets.
• The stablecoin will be issued on the OKX X Layer network and will integrate regulated tokenization and programmable settlement.
• Securitize and Hamilton Lane are working together to offer tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund.
• STBL’s yield management system ensures the stablecoin remains compliant with regulations and distinct from yield-bearing products.
• The new product aims to address regulatory concerns while bringing deep liquidity and enhanced financial infrastructure to the blockchain.

Securitize has partnered with OKX Ventures, Hamilton Lane, and stablecoin infrastructure firm STBL to launch a new stablecoin backed by tokenized private credit assets. The new product aims to integrate institutional private credit, regulated tokenization, and programmable settlement to enhance onchain financial infrastructure. It will be issued on the OKX X Layer network, backed by tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund.

OKX Ventures Joins Forces with STBL and Securitize for Stablecoin Launch

In a collaborative effort, OKX Ventures has backed Securitize’s stablecoin project alongside STBL and Hamilton Lane. This new product will be a stablecoin designed to support the X Layer ecosystem, leveraging tokenized private credit assets. Securitize’s involvement ensures that the stablecoin’s architecture will align with regulatory expectations while providing a clear distinction between the stable unit and the underlying yield generation.

Securitize has teamed up with Hamilton Lane to offer exposure to its Senior Credit Opportunities Fund, creating a feeder structure for the tokenized assets. This framework aims to address emerging regulatory concerns about stablecoins that distribute passive returns. By separating the stablecoin from the yield-producing assets, the stablecoin avoids falling into the yield-bearing category, a key consideration for regulators in the U.S.

STBL’s Role in Yield Generation and Regulatory Alignment

STBL’s participation in the project focuses on its yield management architecture, which sidesteps concerns about passive returns for stablecoin holders. The firm’s structure allows returns to accrue at the collateral layer rather than being paid directly to stablecoin holders. This method is intended to ensure that the stablecoin remains a compliant payment instrument, distinct from investment products.

With growing regulatory scrutiny around stablecoins offering passive income, STBL has developed a system to mitigate these issues. The dual-token model ensures the separation of stablecoin and yield generation, addressing concerns posed by the U.S. market structure bill. Under this model, stablecoin holders will not directly receive yields, thus maintaining the product’s classification as a stable payment instrument.

The new stablecoin’s architecture is part of a broader effort to integrate institutional private markets with blockchain technology. This initiative is expected to bring deep liquidity and programmable settlement to the X Layer ecosystem.

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