Securitize expands access to Hamilton Lane tokenized fund on Polygon
Blockchain
Securitize, a blockchain agency that makes a speciality of tokenizing real-world belongings, launched a brand new feeder fund that gives tokenized publicity on Polygon to a non-public credit score fund from asset supervisor Hamilton Lane.
The brand new tokenized fund, which is able to feed into Hamilton Lane’s Senior Credit score Alternatives Fund, goals to broaden entry to senior personal credit score that is sometimes been a secure technique although risky markets, Securitize mentioned in an announcement.
Dubbed SCOPE, the Hamilton Lane fund targets floating-rate, senior secured loans and usually invests in privately-held belongings in sectors together with well being care, info expertise and enterprise providers. The feeder fund is the second in a collection of three Hamilton Lane being made out there on the Securitize platform.
“Many current expertise and blockchain improvements are options looking for issues,” Securitize CEO Carlos Domingo mentioned. “Securitize is fixing a significant downside confronted by buyers, significantly in personal markets: discovering liquidity after they want it.”
Securitize on Polygon
Sensible contracts constructed on blockchain networks can velocity up guide processes, together with share redemption, get rid of intermediaries and scale back pointless charges, he added.
Buyers within the feeder fund can redeem shares on demand on the earlier quarter’s Web Asset Worth per share by a completely digital course of and no transaction charges from Securitize.
The feeder fund is out there to certified purchasers with at the least $5 million in invested belongings, and the minimal funding has been diminished from $2 million to $10,000.
