OKX Ventures, the investment arm of crypto exchange OKX, has backed the launch of a new real-world asset (RWA), a backed stablecoin by Securitize together with Hamilton Lane and STBL.
Securitize is a leading tokenisation platform, Hamilton Lane is a private markets investment management firm listed on Nasdaq, and STBL is a stablecoin infrastructure provider. The stablecoin on OKX’s X Layer network is intended to bring institutional private credit, regulated tokenisation and programmable settlement to the blockchain ecosystem.
A stablecoin uses a dual token system, so the stable unit itself is kept separate from the yield, or the generating component. Stablecoins with yield have been the target of lawmakers and regulators so to avoid such regulatory concerns from US, the stablecoin design is meant to sidestep.
The stable token is separated from the underlying yield, therefore the structure aims to comply with the most recent regulatory standards that separate stable payment instruments from investment products.
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Physically, the stablecoin is basically a tokenised representation of Hamilton Lane’s Senior Credit Opportunities Fund powered by Securitize. They use the Securitize tokenisation platform, STBL stablecoin framework, Hamilton Lane private credit sourcing and OKX Ventures’ investment.
Since the regulatory landscape is always changing, it will be very important to watch this stablecoin market performance and other similar projects as well. Along with changes in the regulations, it is going to be very important to track the market performance of this stablecoin and other such projects.
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