Ethereum

Solana

DeFi

Libre

Hamilton Lane announced the launch of a private credit fund on Solana Blockchain with the help of Libre. The investment firm stated that investors can now access SCOPE on Solana. Solana’s low latency and efficiency reportedly make it an attractive network for the private fund’s tokenization.
Hamilton Lane, an asset management firm with over $900 billion in custody, announced it had partnered with<a href="https://x.com/NateGeraci/status/1816847865538334762" rel="noopener noreferrer nofollow" target="_blank"> Libre</a> to launch a private credit fund (SCOPE). The companies said investors can now access the credit fund on Solana. The two companies mentioned that tokenizing the private credit fund would deepen the firm’s distribution by accessing new audiences.
<h3 id="span-style-font-weight-400-libre-introduces-hamilton-lane-s-scope-on-solana-span">Libre introduces Hamilton Lane’s SCOPE on Solana&nbsp;</h3>
Libre, a <a href="https://www.cryptopolitan.com/from-concept-to-reality-how-a-web3-platform-achieved-40-million-tps/" rel="noopener noreferrer nofollow">Web3</a> protocol joint venture between Nomura’s Laser Digital and WebN Group that offers on-chain fund issuance and distribution, announced it had partnered with Hamilton Lane to launch a private credit fund. Hamilton Lane announced that investors can access Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) via Solana.
Hamilton Lane previously announced a tokenized equity fund through Securitize, which made SCOPE the second on-chain tokenization. Victor Jung, Hamilton Lane’s head of Digital assets, expressed optimism about the launch by saying that the linkage is targeted at DeFi natives.
<blockquote>
 We believe this is just a start of a portion of the financial asset class that will be available to a new audience with a different risk-return profile.”
 –<a href="https://x.com/Crypto_TownHall/status/1815878388034261072" rel="noopener noreferrer nofollow" target="_blank">Victor Jung</a>
</blockquote>
He also revealed the asset management firm is delighted to collaborate with Libre, which enables fund distribution to a broader audience, such as DeFi traders on Solana. Jung noted that the launch will increase returns from the private markets while improving investor transparency.
According to Dr.Avtar Sehra Libre’s Chief Executive Officer, SCOPE’s accessibility on the <a href="https://cryptopolitan.com/why-anticipation-of-solana-etf/" rel="noopener noreferrer nofollow">Solana blockchain</a> provides HL with the opportunity to deepen its distribution by accessing a new audience of crypto-native traders.
<h3 id="span-style-font-weight-400-libre-s-ceo-praises-solana-network-s-low-latency-span">Libre’s CEO praises Solana Network’s low latency&nbsp;&nbsp;</h3>
Solana and Libre released a joint statement stating that Libre allows accredited institutional investors on networks to access funds on-chain compliantly. Sehra praised Solana’s high transaction throughput and efficiency, adding that these features make it an attractive tokenization network.&nbsp;
Libre is the backbone infrastructure that links Real-World Assets (RWAs), money markets, and alternative assets to public-chain users. It reportedly achieved the feat through an on-chain Libre Gateway Decentralized Finance (DeFi) dApps installed on public chains.
Nick Dulof, head of institutional growth at Solana, also expressed his sentiments about Solana. He highlighted that Libre’s decision to utilize Solana’s high speed and security illustrates the benefits of blockchain technology within the financial markets.
Some industry observers believe that the launch could benefit the Solana blockchain network. They noted the approval of spot <a href="https://www.cryptopolitan.com/sec-approves-grayscale-bitcoin-mini-etf/" rel="noopener noreferrer nofollow">Ethereum ETFs</a> in May, which presented hope that the leniency could expand to other altcoins.&nbsp;
Crypto enthusiasts speculate that the U.S.SEC could also approve Solana ETFs in the near future.

$900 billion asset manager Hamilton Lane introduces SCOPE on Solana

Table of Contents

Cryptopolitan_News

Alte articole publicate pe 27 iul. 2024

BTCC Exchange Introduces Up to 50x Leverage on Over 300 USDT-Margined Trading Pairs

Ethereum bounces to $3.2K as investors turn bullish: What’s next?

Partnership with FIO Protocol Brings Free Web3 Handles for CoinStats Users

Benzinga Bulls And Bears: Tesla, AMC, Meta And Crypto Analyst Predicts Dogecoin Will Follow Histo...

Shiba Inu Faces Critical Rejection: Bearish Sentiment Grows as Price Falls

Altcoin Price Prediction for 2024: Massive Gains Ahead, Ethereum to $7,000!

Join our free newsletter for daily crypto updates!