Blockchain
Securitize, a blockchain company specializing in tokenizing real-world assets, has launched a new feeder fund that provides token exposure on Polygon to a private credit fund owned by asset manager Hamilton Lane.
The new tokenized fund, which will be fed into Hamilton Lane’s Senior Credit Opportunities Fund, aims to broaden access to senior private credit, which has typically been a stable strategy in volatile markets, Securitize said in a statement.
The Hamilton Lane fund, called SCOPE, focuses on floating rate loans and generally invests in private assets in sectors such as healthcare, information technology and business services. The feeder fund is the second in a series of three Hamilton Lane to be made available on the Securitize platform.
“Many recent technology and blockchain innovations are solutions in search of problems,” said Carlos Domingo, CEO of Securitize. “Securitize solves a major problem investors face, particularly in private markets: finding liquidity when they need it.”
Securitize on Polygon
Smart contracts built on blockchain networks can speed up manual processes including share redemptions, eliminate middlemen and reduce unnecessary costs, he added.
Investors in the feeder fund can redeem shares on demand at the net asset value per share of the previous quarter through a fully digital process and without transaction costs from Securitize.
The feeder fund is available to qualified buyers with at least $5 million in invested capital and the minimum investment has been reduced from $2 million to $10,000.