Hamilton Lane, a private credit manager managing over $900m in assets, has invested in cryptocurrency by offering a tokenized private credit fund in Solana. This particular move is part of the shift whereby institutions in the mainstream traditional financial sector are slowly opening up to the democratization of the digital asset trading sphere.
Tokenization of SCOPE Fund on Solana
Hamilton Lane management firm reported that they got the ability to issue a private credit fund linked to the Solana network. As a way for the adoption of a blockchain-based DLT, the firm linked it with the credit management fund called ‘Senior Credit Opportunities Fund’ in which the firm has total assets of around $556 Million.
To facilitate this initiative, Hamilton Lane partnered with Libre, a Web3 protocol developed through a joint venture between Brevan Howard’s WebN Group and Nomura’s crypto firm Laser Digital. This…
