Securitize Teams Up With Hamilton Lane, OKX Ventures and STBL to Launch a Real‑World‑Asset‑Backed Stablecoin on X Layer
February 12 2026 – Cointelegraph
Securitize, a leading tokenization platform, announced that it will issue a new stablecoin on the X Layer network that is collateralised by tokenised private‑credit exposure from Hamilton Lane’s Senior Credit Opportunities Fund. The project is being developed together with crypto‑exchange OKX’s venture arm and stablecoin‑infrastructure provider STBL.
The partnership
- Securitize – the largest public tokenisation service with more than $4 billion of digitised assets under management and backing from major financial institutions such as BlackRock and Morgan Stanley.
- Hamilton Lane – a Nasdaq‑listed manager of private‑market investments, contributing a feeder structure that gives the stablecoin holders indirect exposure to its senior‑credit fund.
- OKX Ventures – the investment arm of the OKX exchange, providing access to the X Layer blockchain where the token will be minted and settled.
- STBL – a specialised stablecoin‑infrastructure firm that supplies the dual‑token architecture meant to separate the payment token from any yield‑generating component.
The collaboration aims to combine “institutional‑grade private‑credit assets, regulated tokenisation and programmable settlement” to create what Securitize describes as a “next‑generation on‑chain financial infrastructure.”
How the stablecoin is structured
The token will follow a dual‑economy model:
- Stable unit (payment token) – pegged to the US dollar and used for everyday transactions.
- Yield token – represents the interest accrued by the underlying private‑credit assets. This token captures the return generated by Hamilton Lane’s fund, while the stable unit itself remains a pure payment instrument.
By keeping the yield‑bearing component separate, the design seeks to avoid the regulatory scrutiny currently aimed at stablecoins that directly distribute passive income to holders. STBL’s framework aligns with emerging U.S. guidance that distinguishes “stable payment instruments” from “investment products.”
Regulatory backdrop
U.S. legislators have recently introduced provisions that could prohibit stablecoins from offering automatic yield to users. The dual‑token approach is a direct response to that environment, allowing the stablecoin to remain classified as a simple medium of exchange while the separate yield token can be managed under a different regulatory regime.
The architecture also mirrors broader industry trends where token‑issuers are building compliance‑by‑design solutions to pre‑empt potential restrictions on on‑chain financial products.
Market implications
- Liquidity and programmability – By anchoring the stablecoin to a high‑quality private‑credit pool, participants can tap a source of yield that has traditionally been confined to institutional channels. The programmable nature of X Layer further enables automated settlement and settlement‑on‑demand.
- Institutional bridge – The partnership showcases a concrete pathway for traditional asset managers to expose a portion of their portfolio to the crypto ecosystem without compromising on regulatory compliance.
- Competitive edge for X Layer – Hosting the token adds a “real‑world‑asset‑backed” stablecoin to the network’s ecosystem, potentially attracting more DeFi projects and liquidity providers seeking a dollar‑stable anchor with institutional backing.
Key takeaways
| What it means | Details |
|---|---|
| New RWA‑backed stablecoin | Issued on X Layer, collateralised by tokenised private credit from Hamilton Lane. |
| Dual‑token design | Payment token stays a pure stablecoin; yield is captured by a separate token to satisfy U.S. regulatory expectations. |
| Strategic collaboration | Leverages Securitize’s tokenisation expertise, Hamilton Lane’s asset base, OKX’s blockchain infrastructure, and STBL’s stablecoin architecture. |
| Regulatory foresight | Architecture built to sidestep pending U.S. rules that could ban passive yield on stablecoins. |
| Potential market impact | Adds deep, institutional‑grade liquidity to X Layer and offers a template for future RWA‑stablecoin projects. |
Outlook
If the token gains traction, it could become a reference point for how traditional finance and decentralized finance can converge on a shared technical layer. The success of the initiative will depend on adoption by traders, DeFi protocols, and possibly other asset managers looking to tokenise similar private‑market strategies.
Securitize has indicated that the stablecoin will be rolled out later this year, with additional details on the yield‑token mechanics and regulatory compliance to follow. Stakeholders across both the crypto and traditional investment communities will be watching closely to see whether the model can deliver on its promise of “deep liquidity, programmable settlement and compliant yield management.”
Source: https://cointelegraph.com/news/securitize-to-launch-rwa-backed-stablecoin-with-okx-stbl-hamilton-lane?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
