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 Reeve Collins (co-founder of Tether) and tokenization pioneer Avtar Sehra, also announced partnerships with alternative investment manager Hamilton Lane (HLNE) and regulated digital securities issuer Securitize, 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 on Wednesday.
The project features feeder funds for Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), issued and tokenized through Securitize, according to a press release.
“The RWA market is entering a new phase where tokenization must provide real utility, not just representation,” said Sehra, who is also the company’s CEO. “STBL provides a purpose-built architecture for RWA-backed stablecoins combined with compliant yield management.”
Securitize CEO Carlos Domingo said the partnership demonstrates how tokenization combined with regulated issuance and programmable settlement can bring utility to assets.
Domingo said: “By embedding institutional private credit directly into on-chain funding flows, we are turning tokenized assets into functional building blocks: assets that can be settled, combined and used in financial applications, not just held.”