Introducing Blockchain-Based Funds on Solana Network
A startup specializing in financial tokenization plans to introduce several blockchain-based funds on the Solana network.
Hamilton Lane Launches Senior Credit Opportunities Fund on Solana Blockchain
Hamilton Lane, a major player in alternative investments with over $920 billion in assets under management (AUM), has launched its latest private credit fund, Senior Credit Opportunities Fund (SCOPE), on the Solana blockchain.
This move, announced on Tuesday, is in partnership with Libre, a Web3 protocol specializing in issuing and distributing Polygon funds. Libre is a joint effort between WebN Group by Brevan Howard and Laser Digital, a crypto company from Nomura.
The Rise of Real World Asset Tokenization
There has been a significant development in the tokenization of real world assets (RWA) – a growing trend where major asset managers like BlackRock are integrating with public blockchains.
SCOPE Tokenization Initiative
Avatar Sehra, CEO and founder of Libre, emphasized that the tokenized version of SCOPE is aimed at a large segment of high-ranking individuals within the crypto space. This initiative is expected to enhance distribution capabilities for Hamilton Lane and expand its reach.
Victor Jung, head of the digital assets department at Hamilton Lane, is leading the way in embracing this new era of asset tokenization. The collaboration with BlackRock and other asset managers marks a significant step towards bridging traditional finance with the world of blockchain technology, opening up new opportunities for investors worldwide.
Expanding Access to High-Efficiency Private Market Opportunities
There is a belief that this initiative aims to expand access to high-efficiency private market opportunities, while also increasing efficiency and transparency for investors.