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February 16, 2026
Global private markets investment manager Hamilton Lane has collaborated with OKX Ventures, stablecoin issuer STBL, and tokenization platform Securitize to introduce STBL, a stablecoin backed by real-world assets (RWAs).
The stablecoin, built on OKX's X Layer blockchain, is collateralized by tokenized private credit funds and aims to provide institutional investors with compliant access to yield-bearing digital assets.
The announcement, made on February 12, highlights the increasing integration of traditional finance (TradFi) and decentralized finance (DeFi).
As the stablecoin market is forecasted to surpass $2 trillion by 2028, this development supports the tokenization of illiquid assets, enhancing liquidity and efficiency for institutional portfolios.
Key Takeaways
- Asset Backing: STBL is secured by a feeder fund feeding into Hamilton Lane's SCOPE, tokenized via Securitize for regulatory adherence.
- Blockchain Infrastructure: Deployed on OKX's X Layer Layer-2 for efficient, cost-effective on-chain operations.
- Yield Mechanism: Provides holders with yields derived from private credit, estimated at 4-6% APY for qualified investors.
- Investment Support: Backed by OKX Ventures, with DeFi integrations planned for Q2 2026.
- Sector Influence: Advances the tokenization of traditional assets, potentially mobilizing trillions in value for blockchain ecosystems.
Partnership Details: Tokenizing Private Credit
The initiative centers on Hamilton Lane's Senior Credit Opportunities Fund (SCOPE), which invests in senior loans and credit instruments.
A dedicated feeder fund allocates assets to SCOPE, which are subsequently tokenized as ERC-20 tokens on X Layer, an Ethereum-compatible Layer-2 network designed for high throughput and minimal transaction costs.
STBL, established by industry veterans Reeve Collins (formerly of Tether) and Avtar Sehra, manages the stablecoin's yield accrual and distribution mechanisms.
Distinct from fiat-pegged stablecoins, STBL incorporates economic value from private credit holdings, allowing holders to maintain price stability while earning yields.
Avtar Sehra, Co-founder and CEO of STBL, stated: "RWA markets are advancing toward greater utility. STBL's architecture supports compliant yield management for tokenized assets."
Securitize, a licensed issuer that has worked with firms including BlackRock, handles tokenization in accordance with U.S. securities regulations. Access requires KYC/AML verification, targeting accredited investors.
OKX Ventures' strategic investment facilitates integration into OKX's trading, lending, and DeFi platforms.
This structure enables STBL to function in programmable finance applications, such as trade settlement, collateral composition, and automated yield generation.
Implications for Institutional Adoption
STBL addresses institutional concerns over cryptocurrency volatility by offering a regulated entry point into RWAs.
Supported by Hamilton Lane's over $900 billion in assets under management, it targets 4-6% annualized yields from diversified credit exposures, providing returns competitive with short-term treasuries while improving liquidity compared to conventional private funds.
X Layer's zero-knowledge rollup technology delivers near-instantaneous transactions at low fees, accommodating large-scale institutional activity.
Users can mint and redeem STBL through OKX's Web3 wallet, with redemptions linked to the net asset value (NAV) of the underlying fund.
Carlos Domingo, CEO of Securitize, noted: "Tokenized private credit can now integrate into on-chain financial workflows, serving as versatile components for settlement and composition."
The launch coincides with rising RWA momentum, including over $1 billion in tokenized U.S. treasuries issued in 2025. It strengthens OKX's position as a bridge between TradFi and DeFi, competing with established players like Circle and Paxos.
Conclusion
The Hamilton Lane-OKX partnership via STBL exemplifies the maturation of RWA tokenization, enabling institutional-grade private credit to operate within blockchain environments.
This model enhances accessibility to yields and liquidity, fostering broader adoption of digital assets.
As regulatory frameworks evolve, such collaborations are expected to drive the RWA market toward $10 trillion by 2030, reshaping global finance.
Read Next:
- The U.S. Stablecoin Regulatory Reset
- 50 Stablecoin Statistics That Matter in 2026
- Tokenized Money Market Funds: Everything you Need to Know for 2026
FAQs:
1. What is STBL?
STBL is a stablecoin backed by real-world assets, developed by Hamilton Lane, OKX Ventures, STBL, and Securitize. It is collateralized by tokenized private credit from Hamilton Lane's SCOPE fund, combining stability with yield potential.
2. How are yields generated in STBL?
Yields accrue from investments in the SCOPE fund's private credit portfolio and are distributed on-chain through STBL's compliant framework, offering approximately 4-6% APY to eligible investors.
3. Which blockchain hosts STBL?
STBL is built on OKX's X Layer, a Layer-2 solution compatible with Ethereum, prioritizing scalability, low fees, and DeFi interoperability.
4. Who qualifies to hold STBL?
It is available to institutional and accredited investors, subject to KYC/AML screening by Securitize to meet securities regulations.
5. Why is the Hamilton Lane-OKX collaboration important?
The partnership facilitates the seamless transfer of traditional private market assets to blockchain, supporting applications in payments, lending, and settlements to promote TradFi-DeFi convergence.
Disclaimer:
This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.
