Stablecoin Brings Private Credit to OKX’s X Layer Network

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New Stablecoin Brings Private Credit onto OKX’s X Layer Network

Written by Aaron S.,

Editor-In-Chief

Last Updated: February 12, 2026

Key Takeaways

Securitize, Hamilton Lane, STBL, and OKX Ventures introduce a stablecoin that uses private credit exposure on the X Layer network;
The stablecoin adopts a two-token setup that keeps yield separate from the stable unit to align with U.S. payment-token rules;
STBL and Securitize aim to link private markets with blockchain systems through tokenized credit, on-chain settlement, and controlled yield.

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New Stablecoin Brings Private Credit onto OKX’s X Layer Network

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A new stablecoin is being introduced through a joint effort by Securitize, Hamilton Lane, STBL, and OKX $1.77B 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.

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