OKX Ventures, the venture capital arm of global cryptocurrency exchange, has made a strategic investment in STBL, a next-generation stablecoin and performance infrastructure provider.
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 issuing firm 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 X Layer blockchain, the companies said Thursday.
The effort 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 offer real utility, not just representation,” said Sehra, who is also CEO of the company. “STBL provides an architecture designed specifically for RWA-backed stablecoins combined with supported performance management.”
The collaboration shows how tokenization brings utility to assets when combined with regulated issuance and programmable settlement, said Securitize CEO Carlos Domingo.
“By embedding institutional private credit directly into on-chain money flows, we are turning tokenized assets into functional building blocks: assets that can be settled, compounded, and used in financial applications, not just held,” Domingo said.
