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The firms are collaborating to launch a stablecoin backed by real-world assets on OKX’s Ethereum-compatible layer-2 blockchain, X Layer.
Avtar Sehra, co-founder of STBL (Coindesk archives)
Key points:
- The initiative includes a feeder fund linked to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), which is issued and tokenized through Securitize.
- STBL was co-founded by Reeve Collins, who is also a co-founder of Tether, alongside tokenization expert Avtar Sehra.
OKX Ventures, the investment division of the international cryptocurrency exchange, has made a strategic investment in STBL, a provider of next-generation stablecoin and yield infrastructure.
STBL, co-founded by Reeve Collins, a co-founder of Tether, and tokenization expert Avtar Sehra, also revealed a partnership with Hamilton Lane (HLNE), a management firm specializing in alternative investments, and Securitize, a regulated digital securities issuance company whose clients include BlackRock (BLK).
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The objective is to create a stablecoin supported by real-world assets (RWA) on OKX’s Ethereum-compatible layer-2 blockchain X Layer, as stated by the companies on Thursday.
The initiative features a feeder fund associated with Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), issued and tokenized through Securitize, as detailed in a press release.
“RWA markets are entering a new phase, where tokenization must deliver real utility, not just representation,” noted Sehra, who serves as the company’s CEO. “STBL provides a purpose-built architecture for RWA-backed stablecoins combined with compliant yield management.”
The partnership demonstrates how tokenization adds utility to assets when combined with regulated issuance and programmable settlement, remarked Securitize CEO Carlos Domingo.
“By embedding institutional private credit directly into on-chain money flows, we’re transforming tokenized assets into functional building blocks: assets that can be settled, composed and utilized across financial applications, rather than merely held,” Domingo stated.
