Tokenization platform Tradable, backed by ParaFi Capital, plans to migrate up to $1 billion in private credit assets from Ethereum's Layer 2 network ZKsync to the Stellar blockchain. Founded in 2024, Tradable has previously tokenized approximately $1.7 billion in private credit on ZKsync. The move aims to capitalize on Stellar's compliance and privacy features, enhancing access for traditional asset managers to high-quality private credit investments.
Stellar's blockchain has been a host for various real-world asset products and stablecoin pilots, including those from Franklin Templeton and WisdomTree. Tradable's migration is expected to leverage Stellar's established user base and infrastructure to expand its offerings in the institutional tokenization market.
Tradable to Migrate $1 Billion in Private Credit Assets to Stellar
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.