The tokenization platform Tradable plans to migrate up to $1 billion of private credit assets from ZKsync to Stellar
According to The Block, the Tokenization platform Tradable, invested by ParaFi Capital, plans to migrate approximately $1 billion of private credit assets from the Ethereum Layer 2 ZKsync to the public blockchain Stellar. Tradable was established in 2024 and provides on-chain infrastructure for the full lifecycle management of private credit, compliance controls, and investor account opening. Last year, it tokenized approximately $1.7 billion and nearly 30 institutional-level private credit positions on ZKsync.This migration aims to leverage Stellar's user base and compliance and privacy features in the institutional tokenization field to provide high-quality on-chain private credit investment opportunities to traditional asset managers. Stellar has previously hosted RWA products and stablecoin pilots for Franklin Templeton, WisdomTree, Ondo Finance, Figure, and others.