Tradable plans to migrate $1 billion in private credit assets from ZKsync to Stellar
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According to The Block, Tradable, a tokenization platform invested by ParaFi Capital, plans to migrate up to approximately $1 billion in private credit assets from ZKsync to Stellar. Tradable was founded in 2024 and tokenized approximately $1.7 billion and nearly 30 institutional level private equity credit positions on ZKsync last year. The purpose of this migration is to leverage Stellar's user base, compliance, and privacy features in the field of institutional tokenization to provide high-quality on chain private credit investment opportunities to traditional asset managers.