Future

Solana

Read

Libre

Security

<ul>
 <li>Hamilton Lane’s $900B Senior Credit Opportunities Fund debuts on Solana, a first for institutional funds on this blockchain.</li>
 <li>The partnership with Libre lowers the investment threshold to $10K, broadening access to alternative asset markets.</li>
 <li>Solana’s capabilities enable monthly liquidity for SCOPE, appealing to investors seeking flexibility in private credit markets.</li>
</ul>
<p>Hamilton Lane, an&nbsp; <a href="https://www.hamiltonlane.com/en-us" rel="noopener noreferrer nofollow">asset manager</a> overseeing over $900 billion in assets, has launched its Senior Credit Opportunities Fund (SCOPE) on the Solana blockchain. This initiative marks the first institutional fund to be launched on the Solana network, signaling an advancement in integrating blockchain technology with traditional finance.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING BIG: $900 billion asset manager Hamilton Lane becomes the first asset manager to launch a fund on the <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@solana</a> blockchain. <a href="https://t.co/xT2UDYlLCY" rel="noopener noreferrer nofollow">pic.twitter.com/xT2UDYlLCY</a></p>— SolanaFloor (@SolanaFloor) <a href="https://twitter.com/SolanaFloor/status/1815705599088197778?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h3 class="wp-block-heading" id="h-innovative-partnership-with-libre"><strong>Innovative Partnership with Libre</strong></h3>
<p>Hamilton Lane’s collaboration with Libre, a Web3 protocol, is central to this development. Libre, supported by Brevan Howard’s WebN Group and Nomura’s Laser Digital, aims to make alternative investments more accessible. By <a href="https://cryptonewsland.com/okx-integrates-solayer-boosting-solana-blockchain-accessibility/" rel="noopener noreferrer nofollow">leveraging Solana’s capabilities</a>, Libre lowers the investment threshold to as low as $10,000, facilitating easier entry into alternative asset markets for investors.</p>
<p>Victor Jung, Hamilton Lane’s Head of Digital Assets, highlighted the significance of this partnership. He emphasized that the collaboration would broaden investor access to private market opportunities, enhance efficiency, and improve transparency. This move aligns with Hamilton Lane’s broader strategy to utilize blockchain technology for expanding fund accessibility.</p>
<p>The private credit market, valued at over $3.14 trillion, offers strong yields and diversification benefits. Hamilton Lane’s SCOPE fund, which began in 2022 with $556 million in assets under management and has an annualized yield of 10%, provides exposure to reliable private credit alternatives. Accredited and institutional investors can now access these top-tier funds on-chain while remaining compliant.</p>
<h3 class="wp-block-heading" id="h-solana-s-role-in-financial-innovation"><strong>Solana’s Role in Financial Innovation</strong></h3>
<p>Dr. Avtar Sehra, CEO of Libre, <a href="https://fortune.com/crypto/2024/07/23/hamilton-lane-becomes-first-asset-manager-to-launch-a-fund-on-solana-blockchain/" rel="noopener noreferrer nofollow">remarked on the importance</a> of using Solana’s low latency and high throughput capabilities to launch new services. The Solana network enables Hamilton Lane’s SCOPE fund to offer monthly liquidity, making it more attractive to investors seeking flexibility.</p>
<p>Hamilton Lane’s efforts to acquire blockchain technology extend beyond Solana. The firm has participated in tokenization activities, including a $47 million fundraising round by Securitize, a platform that tokenizes real assets. This initiative demonstrates Hamilton Lane’s commitment to employing advanced technology to increase fund accessibility.</p>
<h3 class="wp-block-heading" id="h-future-prospects"><strong>Future Prospects</strong></h3>
<p>This collaboration between Hamilton Lane and Libre is a step forward in making alternative investments more accessible. The initiative could pave the way for more blockchain-based financial products, enhancing liquidity and transparency in traditional finance.&nbsp;</p>
<p>Hamilton Lane’s innovative approach with the <a href="https://cryptonewsland.com/hamilton-lane-launches-fund-on-solana/" rel="noopener noreferrer nofollow">SCOPE fund on Solana</a> sets a precedent for other asset managers, potentially transforming the way alternative investments are distributed and managed in the future.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also</h4>
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/hamilton-lane-launches-fund-on-solana/" rel="noopener noreferrer nofollow">Hamilton Lane Sets Milestone with Fund Launch on Solana Blockchain</a></li>
 <li><a href="https://cryptonewsland.com/mercado-libre-launches-bitcoin-trading-in-mexico/" rel="noopener noreferrer nofollow">Mercado Libre Launches Bitcoin Trading In Mexico</a></li>
 <li><a href="https://cryptonewsland.com/sui-steers-into-fast-lane-with-oracle-red-bull-racing-partnership/" rel="noopener noreferrer nofollow">SUI Steers into Fast Lane with Oracle Red Bull Racing Partnership</a></li>
 <li><a href="https://cryptonewsland.com/ripple-ceo-challenges-court-ruling-reaffirms-xrp-is-not-a-security/" rel="noopener noreferrer nofollow">Ripple CEO Challenges Court Ruling, Reaffirms XRP Is Not a Security</a></li>
 <li><a href="https://cryptonewsland.com/ripple-wins-big-in-court-but-xrps-future-as-a-security-remains-in-question/" rel="noopener noreferrer nofollow">Ripple Wins Big in Court but XRP’s Future as a Security Remains in Question</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/hamilton-lane-becomes-the-first-asset-manager/" rel="noopener noreferrer nofollow">Hamilton Lane Becomes the First Asset Manager to Launch a Private Credit Fund on Solana Blockchain</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Hamilton Lane Becomes the First Asset Manager to Launch a Private Credit Fund on Solana Blockchain

Table of Contents

Crypto News Land

Other articles published on Jul 23, 2024

Potential SEC Leadership Change Ahead of 2025 U.S. Presidential Election

Last Week’s Crypto Inflows Surge to $1.35 Billion: Which Digital Asset Led the Charge?

Indian finance minister ignores crypto industry’s budget tax plea

Ethereum Name Service Price Prediction: ENS Is Top Gainer With 12% Pump As Spot ETH ETFs Launch A...

Mt. Gox Transfers Bitcoin to Exchanges

Hamilton Lane Launches Credit Fund

Join our free newsletter for daily crypto updates!