$920 Billion Asset Manager Hamilton Lane Floats Massive Fund on Solana.

Recently, asset management firm Hamilton Lane took a step that further underscored

the growing integration of traditional

finance (TradFi) and the burgeoning

blockchain industry. Hamilton Lane, with

$920 billion in assets under management

(AUM), announced the launch of a private

credit fund on the Solana blockchain.

Hamilton Lane partners with Libre.

This means that clients who are interested in the fund, dubbed Senior Credit Opportunities Fund (SCOPE), can get access through the Solana network. Noteworthy, this is not the asset manager's first foray into the blockchain ecosystem. However, it is the first institutional fund launched directly on Solana.

The asset manager achieved this feat through a collaboration with Libre, a Web3.0 protocol for the issuance and distribution of funds on-chain. According to Libre's CEO and founder, Dr. Avtar Sehra, tokenizing SCOPE provides the opportunity for Hamilton Lane to deepen its distribution by accessing "mass affluent, crypto native."

Hamilton Lane will leverage Libre's backbone infrastructure that links tokenized real world assets (RWAs) to users.

It allows accredited, professional and institutional investors on networks like Solana to gain direct access to "top-tier funds on-chain in a fully compliant manner as well as ancillary services for secondary trading and collateralized lending, where available," per a joint statement from the companies.

Solana ETFs to come in March 2025.

Sehra acknowledged Solana's "low latency and throughput capability," citing that these features make it a compelling network for tokenization. It is worth noting that this latest development could position Solana on a new plane. The United States Securities and Exchange Commission's (SEC) approval for spot Ethereum ETFs in May came with a glint of hope for other altcoins.