PANews reported on February 12 that stablecoin protocol STBL announced it has secured strategic investment from OKX Ventures and partnered with Hamilton Lane (NASDAQ: HLNE) and Securitize to launch its first ecosystem-exclusive stablecoin (ESS) on X Layer, backed by institutional-grade real-world assets. STBL stated that by integrating a sub-fund of Hamilton Lane's Senior Credit Opportunities Fund (SCOPE) (tokenized through Securitize) into STBL's dual-token architecture, it is replacing mere tokens with real-world utility.
Stablecoin protocol STBL has received strategic investment from OKX Ventures and plans to launch an RWA-backed stablecoin on X Layer.
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