Securitize is launching a stablecoin backed by tokenized private credit assets in partnership with Hamilton Lane, OKX Ventures, and stablecoin infrastructure firm STBL. The move represents a significant step in bringing institutional real-world asset yield onto blockchain infrastructure while navigating increasing regulatory scrutiny around yield-bearing stablecoins in the United States.
The new 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.
This partnership brings together regulated tokenization, institutional private markets expertise, and programmable blockchain settlement to support what the companies describe as the next generation of on-chain financial infrastructure.
Also, the stablecoin employs a dual-token architecture designed to separate yield generation from the stable unit itself. This structural approach is a deliberate response to regulatory concerns in the United States, where lawmakers and regulators have begun scrutinizing stablecoins that distribute passive returns directly to holders.
Under the dual-token model, returns accrue at the collateral layer rather than being paid directly to stablecoin holders. While the underlying real-world assets generate yield in the background, the stablecoin framework keeps the stable token distinct from those returns.
This separation is intended to align with emerging regulatory expectations that seek to distinguish stable payment instruments from investment products.
The architecture came directly in response to the U.S. market structure bill, which included a provision seeking to ban passive yield on stablecoin holdings. By acquiring yield from underlying RWA assets through a separate token, the stablecoin avoids being categorized as a yield-bearing stablecoin under these proposed regulations.
STBL said in a statement that the framework brings deep liquidity, programmable settlement, and compliant yield management to the X Layer ecosystem, setting a new standard for how capital flows onchain. The company emphasized that this initiative marks a definitive leap forward in the convergence of institutional private markets and on-chain finance.
Securitize is the largest tokenization platform with over $4 billion worth of tokenized assets under management. The platform has secured backing from BlackRock, the world’s largest asset manager, and investment banking giant Morgan Stanley, demonstrating significant institutional confidence in the tokenization space.
Hamilton Lane is a Nasdaq-listed private markets investment management firm, bringing decades of experience managing institutional capital in traditional finance. OKX Ventures is the investment wing of OKX, a leading cryptocurrency exchange, providing both strategic support and network access within the crypto ecosystem.
The X Layer network, developed by OKX, provides the blockchain infrastructure for this stablecoin. Since it’s being built on a dedicated layer, the partners can ensure optimized performance and compliance features tailored to institutional requirements.
Securitize said the structure combines regulated tokenization of private credit with programmable settlement while keeping the stable token distinct from the underlying yield to thread the needle between regulatory compliance and delivering the benefits of yield-bearing assets to institutional participants.
The announcement also comes amid broader industry efforts to develop stablecoin models that satisfy regulatory requirements while maintaining economic utility. In the United States, projects like this one demonstrate how blockchain infrastructure can be adapted to meet changing compliance expectations.
The partnership between these four entities represents a convergence of traditional finance expertise, blockchain infrastructure, and regulatory awareness. It signals confidence that institutional-grade RWA stablecoins can be structured in ways that satisfy both regulators and market participants seeking exposure to private credit markets through blockchain rails.
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