OKX Ventures, the venture capital arm of the global cryptocurrency exchange, has made a strategic investment in STBL, a next-generation stablecoin and yield infrastructure provider.
STBL, co-founded by Tether co-founder Reeve Collins and tokenization pioneer Avtar Sehra, also announced a partnership with Hamilton Lane (HLNE), an alternative investment management firm, and Securitize, a regulated digital securities issuer whose clients include BlackRock (BLK).
The plan is to develop a stablecoin backed by real-world assets (RWA) on OKX’s Ethereum-compatible layer-2 blockchain X Layer, the companies said Thursday.
The effort includes a feeder fund to Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), issued and tokenized via Securitize, according to a press release.
“RWA markets are entering a new phase where tokenization must deliver real utility, not just representation,” said Sehra, who is also the CEO of the company. “STBL provides a purpose-built architecture for RWA-backed stablecoins combined with compliant yield management.”
The collaboration shows how tokenization brings utility to assets when paired with regulated issuance and programmable settlement, said Securitize CEO Carlos Domingo.
“By integrating institutional private credit directly into onchain cash flows, we turn tokenized assets into functional building blocks: assets that can be settled, compounded and used across financial applications, not just held,” said Domingo.
