Hamilton Lane Offers Polygon-Based Tokenized Access to a Second Fund

Access to the Senior Credit Opportunities Fund is available through a feeder fund from Securitize.

AccessTimeIconMay 4, 2023 at 3:59 p.m. UTC
Updated May 9, 2023 at 4:13 a.m. UTC

Hamilton Lane (HLNE), an investment-management firm with $824 billion in assets under management and supervision, is offering tokenized access to a second fund. The access is provided through a feeder fund from Securitize on the Polygon blockchain.

The firm is making a portion of the Senior Credit Opportunities (SCOPE) Fund, launched in October, available through the Securitize feeder fund. The feeder is the second of three tokenized funds Hamilton Lane announced last year. Tokenized access was opened for the Hamilton Lane Equity Opportunities Securitize Fund V in January.

Tokenization is a growing field that claims to widen access to traditional finance products by making private market investment available to investors who don't fall into the institutional or ultra-high-net worth net bracket. In this case, the minimum investment is lowered to $10,000 from $2 million.

SCOPE targets yield-seeking investors with floating-rate, senior secured loans. The fund invests in privately held company assets in recession-resilient sectors, including health care and information technology. Investors in the feeder fund can redeem their shares on-demand at the previous quarter’s net asset value (NAV) per share with no transaction fees from Securitize.

Edited by Sheldon Reback.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Brandy Betz

Brandy covered crypto-related venture capital deals for CoinDesk.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.