Crypto: Okx Ventures Backs Rwa Stablecoin With Securitize, Hamilton Lane
The dual-token structure seeks to sidestep US restrictions on yield-bearing stablecoins by separating returns from the stable unit itself.
Securitize is launching a stablecoin backed by tokenized private credit assets in partnership with Hamilton Lane, OKX Ventures and stablecoin infrastructure firm STBL, expanding efforts to bring institutional real-world asset yield onto blockchain rails.
Securitize has partnered with stablecoin infrastructure provider STBL, Nasdaq-listed private markets investment management firm Hamilton Lane and crypto exchange OKX’s investment wing, OKX Ventures, to support the launch of a new real-world asset (RWA)-backed stablecoin on X Layer.
The new stablecoin will bring together institutional private credit, regulated tokenization and programmable settlement to support the “next generation onchain financial infrastructure,” said Securitize in a Thursday X post.
The new product, described as an ecosystem-specific stablecoin, will be issued on OKX’s X Layer network and backed by tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund through a feeder structure facilitated by Securitize.
The stablecoin will use a dual-token architecture designed to separate yield generation from the stable unit itself, as lawmakers and regulators in the United States scrutinize stablecoins that distribute passive returns to holders.
The new stablecoin marks a “definitive leap forward in the convergence of institutional private markets and onchain finance,” said STBL in a Thursday X post.
Securitize said the structure aims to combine regulated tokenization of private credit with programmable settlement, while keeping the stable token distinct from the underlying yield.
Under the model, returns accrue at the collateral layer rather than being paid directly to stablecoin holders. STBL said in a statement that the framework is intended to align with emerging regulatory expectations that seek to distinguish stable payment instruments from investment products.
Cointelegraph has approached OKX Ventures and STBL for comment on the token’s architecture and yield expectations.
Source: CoinTelegraph
