coindesk.com
Real-world asset platform Securitize upgraded its tokenized private credit fund with Hamilton Lane, an investment firm with $956 billion of assets under management and supervision, expanding its reach across multiple blockchains and adding features aimed at decentralized finance (DeFi) users.
Introduced in 2023 on Polygon (POL), the Hamilton Lane Senior Credit Opportunities (SCOPE) Fund is now available on Ethereum and Optimism
Securitize also added support for daily net asset value (NAV) pricing through RedStone oracles and made the fund instantly accessible through its investor portal. Redemptions can be processed in two ways: on-demand through a built-in liquidity pool capped at 5% of the fund's NAV, or through monthly scheduled withdrawals.
A key addition is the new sSCOPE token, designed specifically for DeFi composability in a regulated manner, allowing holders to deploy the asset in on-chain lending platforms or liquidity pools depending on future integrations. The Apollo Diversified Credit Securitize Fund (ACRED) received the same treatment earlier this year, with leveraged DeFi strategies built around it.
The update arrives as the tokenized real-world asset (RWA) market surpasses $25 billion, with private credit making up $14 billion of that total, RWA.xyz data shows. Securitize has been one of the most active participants in the sector, issuing nearly $4 billion in tokenized assets to date, including BlackRock’s digital money market fund BUIDL.
A recent S&P report identified tokenization and private credit as intersecting forces that could reshape capital markets over the next years, a trend that the Hamilton Lane fund aims to capture.
"DeFi can actually make an existing offering better, but still making it compliant. That's a game changer," Victor Jung, head of digital assets at Hamilton Lane, said in an interview with CoinDesk.
Read more: What’s Next for Real-World Asset Tokenization