According to The Block, ParaFi Capital-backed tokenization startup Tradable plans to bring $1 billion in private credit assets to Stellar, a first-generation blockchain that has established itself as a leading platform for real-world asset tokenization.
Founded in 2024, Tradable uses blockchain-based smart contracts to manage the full lifecycle of private credit deals, including compliance and investor onboarding. The move marks Tradable's expansion beyond ZKsync, where it tokenized $1.7 billion in assets last year. "Stellar is the network regulated institutions choose to tokenize real-world assets, and Tradable's decision to bring up to $1 billion in private credit to the network is a clear signal that enterprises are choosing Stellar to bring financial assets onchain at scale," said Denelle Dixon, CEO of the Stellar Development Foundation.