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Laxman Pai, Opalesque Asia: Investment management firm Hamilton Lane (HLNE) will tokenize three of its funds in a partnership with digital-asset securities company Securitize.
The global private markets investment firm, which managed or supervised $832 billion in assets as of June 30, said in a press release that it plans to give qualified U.S.-based investors access to funds providing exposure to direct equities, private credit, and secondary transactions, which will be tokenized via Securitize's digital transfer agency.
The firm expects the tokenized funds will be available by the fourth quarter. Tokenization aims to make private market investment available to a broader set of investors.
"The component funds provide exposure to direct equities, private credit, and secondary transactions, and will be tokenized by Securitize's digital transfer agency, managed by Securitize's digital asset management arm, Securitize Capital, and be available for investment on its broker-dealer, Securitize Markets in Q4 2022," said the release.
"Hamilton Lane offers some of the best-performing private markets products available, but historically they have been limited to institutional investors. Tokenization now makes it possible for individual investors to participate in private equity value creation for the first time in a digitally native way," said Carlos Domingo, CEO of Securitize.
"We are at the beginning of a process through which individual investors can ...................... To view our full article Click here
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