Hamilton Lane, through a partnership with Libre, is making its senior private credit fund available on the Solana Blockchain.
Libre, an institutional Web3 infrastructure, is a joint venture launched earlier this year by hedge funds Brevan Howard’s WebN Group and Nomura’s Laser Digital. The company launched a Web3 protocol on the Solana network for capital issuance and distribution, which will allow Solana users to access Hamilton Lane’s Senior Credit Opportunities Fund (Scope) through a feeder fund structure.
You can also access the Brevan Howard Master Fund and BlackRock’s ICS Money Market Fund.
In a statement, the companies said accredited professional and institutional investors would have “direct access to top-tier funds on-chain in a fully compliant manner, as well as ancillary services in secondary trading and secured lending (where available).”
Scope is a perpetual private credit vehicle that offers investors monthly liquidity options, which Solana users will be able to access through the HL SCOPE Access fund.
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Victor Jung, Head of Digital Assets at Hamilton Lane, said, “As a leader in private market fund tokenization, we are excited to partner with Libre, who is at the forefront of innovation in the fund distribution space, to reach a wider range of investors with our launch on Solana. This launch expands access to the historically high returns and performance opportunities created in private markets, while increasing efficiency and transparency for all investors.”
“The launch of Libre Gateway on Solana marks a major step forward in providing Solana users access to asset management and financial management tools, and for Libre to launch new innovative services leveraging Solana’s low latency and throughput capabilities,” added Dr. Avtar Sehra, CEO and founder of Libre.
Libre said it plans to roll out a number of other services to Solana users through the gateway over the course of the year.
Alternative asset managers are increasingly looking at tokenization as a way to broaden their capital distribution.
Hamilton Lane in particular has been working to use tokenization and blockchain technology to broaden access to the fund, recently participating in a $47m (£36.4m) funding round by Securitize, a company focused on tokenizing real assets. The Scope Fund will also be available through the Securitize platform.
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