A new stablecoin is being introduced through a joint effort by Securitize, Hamilton Lane, STBL, and OKX
$1.89B
Ventures.
The goal is to place private credit exposure on a blockchain network while following rules that apply to payment tokens in the United States.
The stablecoin will launch on X Layer, the network developed by OKX. It will rely on tokenized exposure to Hamilton Lane’s Senior Credit Opportunities Fund.
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Securitize will set up the feeder structure that connects the fund to the stablecoin’s collateral.
Securitize explained, “The new stablecoin will bring together institutional private credit, regulated tokenization and programmable settlement to support the ‘next generation on-chain financial infrastructure'”.
STBL stated that the initiative represents a step toward connecting private markets with blockchain systems.
The firm also noted:
This initiative brings deep liquidity, programmable settlement, and compliant yield management to the X Layer ecosystem, setting a new standard for how capital flows on-chain.
To meet regulatory expectations, the stablecoin will use a two-token setup. One token will hold the stable value. The second token will handle the return from the underlying credit exposure.
Under this model, the yield does not go directly to holders of the stablecoin. Instead, the return stays at the collateral layer.
Circle Internet Group announced plans to spend 2026 improving its technology base to support stablecoin use among businesses and institutions. What did Nikhil Chandhok, Circle’s chief product and technology officer, say? Read the full story.
