- Hamilton Lane funds will be available on “reputable” blockchain yet to be determined, spokesman says
- Securitize last month unveiled a tokenized version of the KKR Healthcare Fund on the Avalanche blockchain.
Private market investment firm Hamilton Lane is expanding access to vehicles beyond mere institutions by making three funds available through a tokenized feeder fund.
The company, which manages or oversees $832 billion in assets as of June 30, has partnered with digital asset brokerage Securitize to tokenize funds that offer exposure to equities, private credit, and secondary trading. I’m here.
Securitize CEO Carlos Domingo said in a statement that Hamilton Lane’s product, which was previously available only to institutional investors, will now be available to qualified U.S.-based investors.
“Tokenization allows retail investors to participate in private equity value creation in a digitally native way for the first time,” said Domingo.
“We are at the beginning of a process where retail investors can access the same kinds of opportunities that college endowments and sovereign wealth funds have, and that is very exciting,” he said.
Hamilton Lane funds will be tokenized by Securitize’s Digital Transfer Agency and managed by the Digital Asset Management Division. The crypto firm plans to make it available for investment via brokerage platform Securitize Markets this quarter.
The investment firm partnered with ADDX earlier this year to tokenize a class of shares issued by the Hamilton Lane Global Private Asset Fund for investors in Asia.
The news comes just weeks after Securitize revealed the launch of a fund to tokenize its interest in KKR’s Healthcare Strategic Growth Fund II on the Avalanche Public Blockchain. He had $491 million in assets as of June 30 at KKR, which provides alternative wealth management, capital markets and insurance solutions.
Securitize also made tokenized art funds from Artory and Winston Art Group available on its platform last month. The $25M closed-end fund is actively managed and resides on the Polygon blockchain.
A spokesperson told Blockworks that Hamilton Lane’s funding is on an “equally reputable” public blockchain, though the two companies have yet to decide which to go with.
“This collaboration with Securitize aims to give new investors access to the strong return and performance opportunities generated within the private market space, while increasing ease of use and transparency using blockchain technology. It’s the latest step in ,” said the head of digital assets in a statement.
Funding is not available to the broader retail investor segment, but DQYDJ reported that 10.6% of US households were certified in 2020. These households controlled a wealth of approximately $73 trillion.
A spokesperson for Hamilton Lane told Blockworks, “We are looking at how this market evolves in the future to make it more inclusive to retail investors, but we are not there yet.” Told.
Arca Labs partnered with Securitize last year to bring a tokenized US Treasury fund to market. At the time, both companies revealed that shares would be issued through the ArCoin digital asset security token, and that records of ownership of the token would be maintained off-chain.
A few months ago, Securitize raised $48 million in a funding round co-led by Morgan Stanley and Blockchain Capital.
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Ben Struck
