A product, according to one approach, includes an underlayer and a magnetic recording layer formed above the underlayer. The underlayer includes first encapsulated nanoparticles each comprising a first magnetic nanoparticle encapsulated by a first aromatic polymer, and a first polymeric binder binding the first encapsulated nanoparticles. The recording layer includes second encapsulated nanoparticles each comprising a second magnetic nanoparticle encapsulated by an encapsulating layer, and a second polymeric binder binding the second encapsulated nanoparticles.