Clearpool’s Ozean announces strategic partnership with HELIX

Ozean, the blockchain for real-world asset yield launched by decentralized finance credit pool platform Clearpool, has announced a strategic partnership with tokenized fixed-income platform HELIX.

Built on Optimism (OP) and powered by Clearpool’s CPOOL, Ozean is a permissionless Ethereum layer-2 platform aiming to accelerate the future of on-chain private credit.

According to an announcement, Ozean intends to achieve this through its partnership with HELIX, a platform providing institutional-grade RWA opportunities via tokenization of private credit and fixed income.

Clearpool and HELIX have reportedly managed nearly $1 billion in combined tokenized private credit. Clearpool, whose clients include Jane Street, Wintermute, and CoinShares, has originated over $640 million in loans since its launch in March 2022.

HELIX, for its part, has facilitated off-chain disbursements exceeding $375 million across Southeast Asia. The collaboration is expected to bring the next $100 million of private credit on-chain.

Ozean and HELIX will leverage Hex Trust, a platform enabling investment funds and family offices to transition capital to the blockchain, to unlock traditional finance markets.

“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.”

Jitendra Singh Jaitawat, chief executive officer of HELIX

The private credit market is growing rapidly and is projected to reach $2.8 trillion by 2028, positioning this collaboration as a substantial opportunity for both projects.