Tokenization · Ethereum · The Block
Tokenization company Tradable aims to bring $1 billion worth of private credit assets to Stellar
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ParaFi Capital-backed private credit and tokenization platform Tradable plans to bring $1 billion worth of private credit assets to Stellar, a first-generation blockchain that has been winning many big tokenization deals, according to an announcement shared early with The Block.
Key facts
- The startup announced last year it was tokenizing $1.7 billion of assets across nearly 30 institutional-grade private credit positions on ZKsync, the Ethereum Layer 2
- For instance, Franklin Templeton tapped Stellar to launch BENJI, making it the first U.S.-registered tokenized money market fund on a public blockchain in April 2021
- ParaFi Capital-backed private credit and tokenization platform Tradable plans to bring $1 billion worth of private credit assets to Stellar, a first-generation blockchain that has been winning many
- Founded in 2024, Tradable is designed to support full deal lifecycle management, compliance controls, investor onboarding, and ongoing operations using blockchain-based smart contracts
Summary
Founded in 2024, Tradable is designed to support full deal lifecycle management, compliance controls, investor onboarding, and ongoing operations using blockchain-based smart contracts. The startup announced last year it was tokenizing $1.7 billion of assets across nearly 30 institutional-grade private credit positions on ZKsync, the Ethereum Layer 2. "We’re excited to partner with institutionally oriented ecosystems like Stellar," Tradable CEO Alex Cordover said in a statement. The move marks a significant step in Tradable’s broader effort to connect traditional asset managers with blockchain infrastructure, enabling tokenized versions of institutional-grade investment opportunities in high-quality private credit, according to the announcement.