Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors.
Multi-Billion-Dollar Asset Manager Hamilton Lane Pioneers Private Credit Fund Launch on Solana
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Hamilton Lane Leverages Solana for Private Credit Fund Initiative
The company states that its partnership with Libre, a joint venture between Brevan Howard’s WebN Group and Nomura’s Laser Digital, is a strategic effort to tokenize SCOPE. This initiative is designed to attract investments from both traditional and crypto-native audiences.
Hamilton Lane highlights that this project leverages the fast and secure Solana blockchain to improve distribution efficiency and transparency in fund management. The firm considers Libre’s launch on Solana a significant advancement in the accessibility and management of financial products.
Libre seeks to democratize private credit market investments by integrating real-world assets ( RWAs) with blockchain technology, offering lower entry barriers and monthly liquidity options for investors.
“As a leader in the tokenisation of private markets funds, we are delighted to partner with Libre, who is at the forefront of innovations in the fund distribution space, to reach a broader range of investors as they launch on Solana,” Victor Jung, Head of Digital Assets at Hamilton Lane stated.
Hamilton Lane’s initiative coincides with significant moves by major firms like Blackrock and Franklin Templeton, who have issued U.S. Treasury-backed tokens on particular blockchains.
Blackrock’s BUIDL fund, introduced in March 2024 on the Ethereum network, swiftly expanded by hundreds of millions, surpassing Franklin Templeton’s BENJI fund. Leading fund managers argue that these tokenized funds offer investors secure, high-yielding onchain assets, providing advantages such as quicker settlements and enhanced transparency.
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