Ozean, HELIX Partner to Tokenize Private Credit on Blockchain
HELIX, a tokenized fixed-income platform, has partnered with Ozean, Clearpool's blockchain, for real-world asset yield.
Ozean is a permissionless Ethereum layer-2 platform developed on optimism and driven by Clearpool's CPOOL.
Its goal is to hasten the future development of on-chain private credit. An announcement states that Ozean plans to accomplish this by collaborating with HELIX.
This platform offers institutional-grade RWA options through tokenizing fixed income and private credit. Together, Clearpool and HELIX are said to have managed close to $1 billion in tokenized private credit.
Since its founding in March 2022, Clearpool has created over $640 million in loans for customers like Jane Street, Wintermute, and CoinShares.
In Southeast Asia, HELIX has enabled off-chain disbursements totaling more than $375 million. The partnership is anticipated to add the next $100 million in private credit to the chain.
Ozean and HELIX will use Hex Trust to open up traditional finance markets, a technology that helps family offices and investment institutions move money to the blockchain. Jitendra Singh Jaitawat, chief executive officer of HELIX:
By integrating with Ozean's RWA-focused blockchain, HELIX is able to extend its rigorously managed credit offerings to a broader DeFi ecosystem, bringing sustainable yield opportunities to investors and bridging traditional finance with decentralized markets in transformative new ways.”
The private loan market is expected to have grown to $2.8 trillion by 2028, making this partnership a significant prospect for both enterprises.
