OKX Ventures, the venture capital arm of the global cryptocurrency exchange, has made a strategic investment in STBL, a provider of next-generation stablecoin and yield infrastructure.
STBL, co-founded by Reeve Collins, who also co-founded Tether, 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 layer X of OKX’s Ethereum-compatible layer 2 blockchain, the companies announced Thursday.
The initiative includes a feeder fund for Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE), issued and tokenized through Securitize, according to a press release.
“RWA markets are entering a new phase, where tokenization must provide real utility, not just representation,” said Sehra, who is also 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 combined with regulated issuance and programmable settlement, said Carlos Domingo, CEO of Securitize.
“By integrating institutional private credit directly into on-chain currency flows, we transform tokenized assets into functional building blocks: assets that can be settled, compounded, and used in financial applications, not just held,” Domingo said.
