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3.8%
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Crypto news from CoinSwitch: Tradable plans to migrate private credit assets worth up to about $1 billion from ZKsync to Stellar. The platform, invested by Parafi Capital, was established in 2024. Last year, it completed tokenization of approximately $1.7 billion in assets on ZKsync, involving nearly 30 institutional-level private credit positions. This migration aims to leverage Stellar’s user base in institutional tokenization and its compliance and privacy features to provide traditional asset managers with high-quality on-chain private credit investment opportunities.