According to Odaily, Hamilton Lane has joined the tokenization trial of Project Guardian in Singapore. The company is collaborating with AltaX and Phillip Securities to tokenize its Senior Credit Opportunities (SCOPE) Fund and list it on AltaX. The project involves 24 regulated entities with the aim of increasing market liquidity and accessibility. The next step in the plan is to create a tokenized private credit fund that complies with Islamic law.
Project Guardian is a significant initiative in Singapore, aiming to explore the potential of tokenization in the financial sector. Hamilton Lane's participation in the project marks a significant step in the company's digital transformation journey. The tokenization of the SCOPE Fund is expected to enhance its accessibility and liquidity in the market.
The project's future plans include the creation of a tokenized private credit fund that adheres to Islamic law. This move is seen as an effort to expand the project's reach and inclusivity, catering to a wider range of investors. The collaboration with AltaX and Phillip Securities is expected to provide the necessary technical and regulatory support for the project's successful implementation.