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 real-world asset yields to blockchain rails.
Securitize has partnered with stablecoin infrastructure provider STBL, Nasdaq-listed private markets investment management firm Hamilton Lane, and OKX cryptocurrency exchange’s investment wing, OKX Ventures, to support the launch of a modern real-world asset (RWA)-backed stablecoin on the X Layer market.
The modern stablecoin will combine institutional private credit, regulated tokenization and programmable settlements to support a “next-generation onchain financial infrastructure,” Securitize said in Thursday’s X issue post.
Described as an ecosystem-specific stablecoin, the modern product will be issued on the X Layer OKX network and backed by tokenized exposure to the Hamilton Lane Senior Credit Opportunities Fund via a feeder structure powered by Securitize.
The stablecoin will operate a dual-token architecture designed to separate yield generation from the stablecoin itself, as lawmakers and regulators in the United States examine stablecoins that distribute passive returns among holders.
The modern stablecoin marks “the final step forward in the convergence of institutional private markets and onchain finance,” STBL said in Thursday’s X issue post.
“This initiative brings deep liquidity, programmable settlements and compliant earnings management to the X Layer ecosystem, setting a new standard for on-chain capital flow.”
STBL’s profit architecture is designed to bypass regulatory concerns in the US
Securitize said the structure aims to combine regulated private credit tokenization with programmable settlement, while maintaining a stable token separate from the underlying rate of return.
In this model, returns are accrued at the collateral level rather than paid directly to stablecoin holders. STBL said in a statement that the framework is intended to align with emerging regulatory expectations that seek to differentiate stable payment instruments from investment products.
Cointelegraph has reached out to OKX Ventures and STBL for comment on the token’s architecture and performance expectations.
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While the underlying risk assets generate yields in the background, the modern stablecoin framework aims to decouple stablecoins from yields to avoid the recent regulatory scrutiny of income-producing stablecoins, STBL wrote in X post It’s January 14th.
Related: Binance completes $1 billion worth of Bitcoin conversion to SAFU emergency fund
The stablecoin architecture emerged in response to the US Market Structure Act, which included a provision intended to prohibit passive income from stablecoin holdings.
The dual economy within ESS stablecoins aims to address this issue by raising income from the underlying RWA assets through a separate token, so that the ESS stablecoin is not classified as a yielding stablecoin.
Securitize is the largest tokenization platform with over $4 billion in tokenized assets. The platform is supported by the world’s largest asset manager, BlackRock, and investment banking giant Morgan Stanley.
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