Key Takeaways:
- Tradable plans to bring $1B in private credit assets onto Stellar.
- The startup previously tokenized $1.7B on ZKsync last year.
- Stellar's tokenized asset ecosystem has grown to about $2.36B.
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Tradable plans $1B private credit tokenization on Stellar as RWA adoption grows
Tradable plans to bring $1 billion of private credit assets onto the Stellar blockchain, the latest sign of growing institutional demand for tokenized real-world assets.
"Stellar is the network regulated institutions choose to tokenize real-world assets," Denelle Dixon, CEO of the Stellar Development Foundation, said. "Tradable's decision shows enterprises are choosing Stellar to bring financial assets on-chain at scale."
The ParaFi Capital-backed startup, founded in 2024, previously tokenized about $1.7 billion of institutional-grade private credit positions on ZKsync, an Ethereum Layer 2, last year. Tradable supports full deal lifecycle management, compliance controls and investor onboarding using blockchain-based smart contracts, according to the company.
Stellar has become a top choice for institutional tokenization, with Franklin Templeton launching the first US-registered tokenized money market fund on a public blockchain on the network in April 2021. WisdomTree, Ondo Finance and Figure are also active on Stellar, which has seen its tokenized real-world asset ecosystem grow to about $2.36 billion, according to industry data.
Tradable CEO Alex Cordover said the company is "excited to partner with institutionally oriented ecosystems like Stellar" as it works toward building next-generation infrastructure for alternative assets.
Private credit is a multi-trillion-dollar market in traditional finance, often described as illiquid and opaque. By tokenizing these assets on Stellar, Tradable aims to improve transparency and accessibility for institutional investors.
Stellar, created in 2014 by former Ripple founder Jed McCaleb, has also attracted stablecoin experiments from MoneyGram and US Bancorp. The network's average daily transaction count has steadily grown since the last crypto bear market, according to The Block's data.
The move comes as competition among blockchain networks for tokenization market share intensifies. Ethereum leads the sector with about $14.7 billion in tokenized assets, followed by Stellar at $2.36 billion and Solana at $1.84 billion, per industry estimates.
This article is for informational purposes only and does not constitute investment advice.
[1] Tokenization startup Tradable plans to bring $1 billion worth of private credit assets to Stellar[2] U.S., UK move to align rules for tokenized finance across world's largest financial markets[3] Tokenization startup Tradable plans to bring $1 billion worth of private credit assets to Stellar - The Block[4] Tradable Plans to Tokenize Up to $1 Billion of Private Credit on Stellar - bloomingbit[5] Solana Scores Major Japan Win as SBI Backs On-Chain Finance - HOKANEWS.COM
