Top Investment Company Launches Private Credit Fund on Solana

A startup specializing in financial tokenization is set to introduce several blockchain-based funds to the Solana network.

Hamilton Lane, a major player in alternative asset investments with over $920 billion in AUM, has launched its latest private credit fund, the Senior Credit Opportunities Fund (SCOPE), on the Solana blockchain.

This move, announced on Tuesday, is in partnership with Libre, a Web3 protocol specializing in fund issuance and distribution on Polygon. Libre is a collaborative effort between Brevan Howard’s WebN Group and Laser Digital, a crypto firm from Nomura.

This shift marks a significant development in the tokenization of real-world assets (RWAs), a growing trend that has seen major asset managers like BlackRock integrate with public blockchains.

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Avtar Sehra, CEO and founder of Libre, emphasized that the tokenized version of SCOPE targets a large segment of
high-net-worth individuals within the cryptocurrency space. This initiative is expected to enhance Hamilton Lane’s distribution capabilities and expand its reach.

Victor Jung, Hamilton Lane’s head of digital assets, expressed that this launch aims to broaden access to high-performing private market opportunities while enhancing efficiency and transparency for investors.