The company has launched its Senior Credit Opportunities Fund (SCOPE) on the Solana blockchain.
This event marks the first institutional fund launched on this high-speed, low-cost blockchain. It heralds a new era of financial democratization.
First Institutional Fund Launch on Solana Blockchain
The launch of SCOPE is a collaborative effort with Libre, a Web3 protocol backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital. Libre specializes in issuing and distributing on-chain funds, making it a key player in this innovative initiative. The partnership aims to democratize finance by providing broader access to alternative investments.
SCOPE is an evergreen senior private credit fund providing stable private market exposure. By leveraging the Solana blockchain, Hamilton Lane is expanding access to private credit opportunities, allowing a wider audience to participate in these investments. The move significantly lowers the barriers to entry for investors, who can now access high-quality private credit funds through a decentralized platform.
Source: X
This ensures that investors can benefit from efficient, transparent, and cost-effective transactions. Furthermore, Solana’s robust security features provide an added layer of confidence for institutional investors venturing into the blockchain space.
Hamilton Lane’s initiative represents a significant step towards the broader adoption of blockchain technology in the financial industry. By bringing an institutional-grade private credit fund to the blockchain, Hamilton Lane is setting a precedent for other financial institutions to follow. This move not only enhances the accessibility of private credit investments but also demonstrates the potential of blockchain technology to revolutionize traditional finance.
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