Hamilton Lane Launches Multi-Billion-Dollar Private Credit Fund on Solana

Hamilton Lane has launched the first private credit fund on the Solana blockchain, marking a significant expansion into digital assets. 

Partnering with Web3 protocol Libre, a joint venture between Brevan Howard’s WebN Group and Nomura’s Laser Digital, Hamilton Lane aims to tokenize its Senior Credit Opportunities Fund (SCOPE). This initiative targets both traditional and crypto-native investors, leveraging Solana’s speed and security to enhance fund distribution and transparency. 

Libre’s integration of real-world assets with blockchain technology seeks to lower investment barriers and offer monthly liquidity. This move aligns with broader industry trends, as major firms like BlackRock and Franklin Templeton also explore blockchain-based financial products.

Clever Robot News Desk 24^th July 2024