According to Fortune, Hamilton Lane, a company that manages $900 billion, launched a private credit fund in Solana (SOL) following a partnership with Libre.
The new fund, called the Senior Credit Opportunities Fund (SCOPE), can be accessed through the Solana network.
The initiative comes as part of Hamilton Lane's partnership with Libre, a Web3 protocol co-founded by Brevan Howard's WebN Group and Nomura's Laser Digital.
Libre stated in a press release that with the addition of the company's tokenization gateway to the Solana blockchain, users will also have access to the on-chain Hamilton Lane SCOPE fund as well as the Brevan Howard Master Fund and Blackrock ICS Money Market Fund for the first time.
Libre CEO Avtar Sehra said:
“Hamilton Lane's new fund goes beyond Ethereum, marking the first institutional alternative RWA fund to appear on Solana.
Solana's importance to financial services is quite evident in secondary trading. The network's capabilities to increase efficiency, that is, increase the number of transactions per second, as well as reduce the delay between transactions, make Solana attractive.
“As we plan to launch secondary trading services later this year, we have decided to provide access to all our funds through Solana now.”
Hamilton Lane's tokenization fund SCOPE aims to attract crypto investors. This is Hamilton Lane's first institutional fund on Solana and marks a significant step in the offering of tokenized financial assets.
*This is not investment advice.