Hamilton Lane Launches Private Credit Fund on Solana Blockchain

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Jul 23, 2024 18:27

Hamilton Lane announced the launch of a private credit fund on the Solana blockchain. Investors can now access the firm’s Senior Credit Opportunities Fund, or SCOPE, via the network. It has partnered with Libre, a Web3 protocol for the issuance and distribution of funds on-chain. Libre’s CEO and founder stated that Tokenizing SCOPE offers the chance to deepen Hamilton Lane’s distribution, by accessing ‘mass affluent, crypto native’ traders. According to him, Solana’s low latency and throughput capability makes it a compelling network for tokenization.