Securitize, a leading tokenization platform, is launching a new stablecoin backed by tokenized private credit assets in partnership with Hamilton Lane, OKX Ventures, and STBL. The stablecoin, described as an ecosystem-specific instrument, will be issued on OKX’s X Layer network. Its unique dual-token architecture is designed to separate yield generation from the stable unit itself, a structure aiming to align with emerging U.S. regulatory scrutiny of yield-bearing stablecoins.
Securitize has partnered with stablecoin infrastructure provider STBL, Nasdaq-listed private markets firm Hamilton Lane, and OKX Ventures to launch a new real-world asset (RWA)-backed stablecoin. The product will be issued on the X Layer network and is backed by tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund through a feeder structure. In announcing the move, Securitize said it brings together institutional private credit, regulated tokenization, and programmable settlement.
The stablecoin employs a dual-token architecture designed to separate yield generation from the stable unit. This approach comes as lawmakers and regulators in the United States scrutinize stablecoins that distribute passive returns to holders. Under the model, returns accrue at the collateral layer rather than being paid directly to stablecoin holders.
STBL stated the initiative marks a “definitive leap forward in the convergence of institutional private markets and onchain finance.” “This initiative brings deep liquidity, programmable settlement, and compliant yield management to the X Layer ecosystem, setting a new standard for how capital flows onchain.” The framework is intended to align with emerging regulatory expectations distinguishing stable payment instruments from investment products.
STBL explained in a separate post that the stablecoin acquires yield from the underlying RWA assets through a separate token. This design aims to prevent the stablecoin itself from being categorized as yield-bearing. Securitize is the largest tokenization platform with over $4 billion worth of tokenized assets and is backed by BlackRock and Morgan Stanley.
