The management company accomplished this through a partnership with Libre, a Web 3.0 protocol for issuing and distributing funds on the blockchain. According to Dr. Avtar Sila, CEO and founder of Libre, SCOPE tokenization gives Hamilton Lane the opportunity to expand its distribution by accessing the "massive affluent cryptocurrency population.
Hamilton Lane will use Libre's backbone infrastructure, which connects users to real-world tokenized assets (RWAs).
This will allow accredited, professional and institutional investors in networks such as #Solana to gain "direct access to first-class funds on #blockchain in a fully compliant manner, with support for secondary transactions and collateralized financing where possible, the companies said in a joint statement. The companies said this in a joint statement.
Sehra noted Solana's "low latency and throughput" and said these characteristics make the network attractive for tokenization. It's worth noting that this latest development could take Solana to the next level: the SEC's approval of an #BTC #ETF spot in May was a ray of hope for other #altcoins .
Crypto-enthusiasts were beginning to feel spoiled by Ethereum and were eagerly awaiting the arrival of a Solana spot ETF, and VanEck capitalized on the idea and filed an application for a Solana ETF with the U. S. Securities and Exchange Commission. The New York-based investment firm wants to provide direct exposure to SOL without the risks associated with cryptocurrencies.
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