Tradable, a private credit platform backed by ParaFi Capital, is set to move up to $1 billion in institutional private credit assets from Ethereum's layer-2 ZKsync to the Stellar blockchain. The migration marks a significant expansion of Tradable's real-world asset (RWA) tokenization strategy, following last year's $1.7 billion tokenization of nearly 30 institutional positions on ZKsync.
CEO Alex Cordover stated that the company aims to build next-generation infrastructure for alternative assets, leveraging Stellar for improved access, settlement speed, and compliance. The Stellar Development Foundation's executive director, Denelle Dixon, called the decision “a clear signal that companies are choosing Stellar to inject financial assets on-chain at scale.”
Stellar's institutional profile already includes heavyweights: Franklin Templeton launched its BENJI tokenized money market fund on the network in 2021, and firms like WisdomTree, Ondo Finance, Figure, MoneyGram, and U.S. Bancorp have used Stellar for digital asset and stablecoin projects. The blockchain's fast transactions, cross-border capabilities, and built-in privacy and compliance tools have made it a preferred choice for regulated entities.
Tradable's platform manages the full lifecycle of private credit – from deal management and regulatory controls to investor onboarding and ongoing operations – through blockchain-based smart contracts. The move highlights the growing trend of migrating private market assets onto blockchain rails to address transparency and liquidity challenges in the multi-trillion-dollar private credit sector.
