Tradable, a tokenization platform backed by ParaFi Capital, plans to migrate as much as $1 billion in private credit assets from Ethereum layer-2 network ZKsync to Stellar, according to The Block. Founded in 2024, Tradable provides onchain infrastructure for the full lifecycle of private credit, including compliance controls and investor onboarding. The platform tokenized about $1.7 billion last year on ZKsync across nearly 30 institutional private credit positions. The planned move is aimed at tapping Stellar’s existing user base in institutional tokenization, along with its compliance and privacy features. Tradable said the shift is intended to offer traditional asset managers access to higher-quality onchain private credit investment opportunities. Stellar has previously hosted RWA products and stablecoin pilots from Franklin Templeton, WisdomTree, Ondo Finance and Figure.
Tradable, a tokenization platform backed by ParaFi Capital, plans to migrate up to about $1 billion in private credit assets from Ethereum layer-2 network ZKsync to the public blockchain Stellar, according to The Block.
Tradable targets a shift in private credit infrastructure
Tradable was founded in 2024 and provides onchain infrastructure for the full lifecycle of private credit, including compliance controls and investor onboarding.
Last year, the platform tokenized about $1.7 billion on ZKsync across nearly 30 institutional-grade private credit positions.
Stellar selected for institutional tokenization focus
The migration is intended to draw on Stellar’s user base in institutional tokenization, as well as its compliance and privacy features, to offer traditional asset managers access to high-quality onchain private credit investment opportunities.
Stellar has previously hosted RWA products and stablecoin pilots from Franklin Templeton, WisdomTree, Ondo Finance and Figure.
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