Securitize integrates USDG into investor flows via Global Dollar Network

Securitize, one of the largest tokenization platforms in crypto, has formally joined the Global Dollar Network to pipe the USDG stablecoin directly into its investor infrastructure. The move connects a platform managing approximately $5 billion in tokenized assets with a stablecoin network that has quietly grown past $3 billion in circulation and amassed over 150 partners.

What the integration actually looks like

The partnership makes USDG available across Securitize’s on-ramp and off-ramp flows, meaning investors can subscribe to tokenized products and move capital using the Paxos-issued stablecoin rather than routing through slower fiat rails or competing dollar tokens.

One immediate use case is already live. Securitize recently launched the HINC tokenized high-yield credit fund, which operates as collateral on Loopscale, a Solana-based lending protocol. Investors holding HINC can borrow USDG against their positions without redeeming them.

The integration also builds on a prior collaboration: ACRED subscriptions, which could already be executed directly in USDG on Loopscale. This latest step scales that playbook across Securitize’s broader product suite.

USDG and the Global Dollar Network explained

USDG is a stablecoin issued by Paxos, fully backed 1:1 by US dollar reserves consisting primarily of Treasury bills and cash equivalents. It is a regulated instrument designed to meet the compliance standards that institutional investors require before touching anything on-chain.

The Global Dollar Network launched in November 2024 with a specific thesis: that regulated stablecoins could serve as the liquidity layer for tokenized real-world assets. The model includes an economic incentive structure where GDN partners share in the reserve yields generated by the underlying T-bill holdings, with potential earnings of up to 100% of those reserve yields flowing back to participants.

On Solana specifically, USDG has carved out meaningful traction, with a float estimated around $610 million on the chain. That concentration makes Solana a natural home for Securitize products that need stablecoin liquidity, and helps explain why HINC launched there rather than exclusively on Ethereum.

Why Securitize is the partner that matters

Securitize trades publicly on the NYSE under the ticker SECZ. The platform has been the infrastructure provider behind some of the highest-profile tokenization efforts in finance, including work supporting BlackRock’s tokenized fund initiatives.

The HINC fund, launched in August 2026 across multiple chains including Solana, demonstrates how Securitize is layering functionality on top of basic tokenization. Investors can borrow against their HINC holdings in USDG without redemption, keeping capital working while avoiding potential tax events and forgoing future yield that would result from selling positions.

The bigger picture for institutional DeFi

Consider the workflow an institutional investor now has available. They can subscribe to a tokenized credit fund using a regulated stablecoin, hold that position on-chain, borrow against it without selling, deploy the borrowed stablecoins into other on-chain opportunities, and eventually settle everything back to fiat through Securitize’s off-ramp.

The risk side of the equation deserves attention too. If HINC’s underlying credit positions deteriorate while investors are borrowing USDG against them, liquidation cascades could test the resilience of both the fund and the lending protocol. Solana’s role as the chain hosting much of this activity also introduces infrastructure risk, as routing institutional capital through any single chain concentrates technical risk in ways that multi-chain deployments only partially mitigate.

For competing stablecoin issuers, particularly Circle with USDC, Securitize’s USDG integration represents a competitive encroachment worth watching. GDN’s yield-sharing model gives partners an economic reason to prefer USDG over alternatives that don’t share reserve income.

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