OKEx Ventures and Hamilton Lane to Launch Dual-Structure Stablecoin Based on RWA

A dual-token structure separates revenue and stability units, highlighting a strategy to circumvent US revenue-generating stablecoin regulations.

Securitize announced on the 12th that it is launching a real-asset (RWA)-backed stablecoin in partnership with Hamilton Lane, OKX Ventures, and stablecoin infrastructure firm STBL. The new stablecoin will be issued on OKX's X Layer network and is designed to be backed by institutional private credit assets.

This project leverages tokenized exposure to Hamilton Lane's Senior Credit Opportunities Fund as collateral. Securitize describes the structure as a next-generation on-chain financial infrastructure model that combines regulated tokenization with programmable payments.

The core of the platform is a dual-token structure that separates revenue and stablecoin units. Revenue is generated on a separate token layer and is not distributed directly to stablecoin holders. In an official X post on the 14th, STBL stated that this design is a model designed to respond to the regulatory shift in the US Market Structure Act toward revenue-generating stablecoins.

The U.S. Congress has been considering restrictions on structures that provide passive income to stablecoin holders. This structure focuses on mitigating regulatory risk by distinguishing between stablecoin payment instruments and investment products.

Securitize is a platform that manages over $4 billion in tokenized assets. Backed by BlackRock and Morgan Stanley, it is expanding its influence in the institutional-focused tokenization market.

This collaboration is seen as accelerating the convergence of private credit markets and on-chain finance. As the tokenization of institutional assets expands, analysis suggests that stablecoin structures are also evolving to adapt to the regulatory environment.

Reporter Jeong Ha-yeon yomwork8824@blockstreet.co.kr