Hamilton Lane partners with Libre to launch the Senior Credit Opportunities Fund （SCOPE） on the Solana network, providing accredited investors with on-chain access to top-tier funds.
Points
- Hamilton Lane launches the Senior Credit Opportunities Fund （SCOPE） on Solana.
- The fund is Hamilton Lane’s first institutional fund launched directly on Solana.
- Libre protocol facilitates the issuance and distribution of the tokenized fund.
Hamilton Lane, a $920 billion asset manager, has partnered with Libre to launch the Senior Credit Opportunities Fund （SCOPE） on the Solana network. This move allows clients interested in the fund to gain access through Solana’s blockchain technology. This marks Hamilton Lane’s first institutional fund launched directly on Solana, highlighting the asset manager’s growing interest in the blockchain ecosystem.
Tokenization of SCOPE
The asset manager achieved this feat through 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 Hamilton Lane the opportunity to deepen its distribution by accessing “mass affluent, crypto native” investors. Hamilton Lane will leverage Libre’s backbone infrastructure that links tokenized real-world assets （RWAs） to users.
Advantages of Using Solana
The Solana network offers low latency and high throughput capability, making it an attractive choice for tokenization. These features allow accredited, professional, and institutional investors on networks like Solana to gain direct access to top-tier funds on-chain in a fully compliant manner. Additionally, Solana’s scalability and efficiency make it a compelling network for financial innovations such as this.
Solana ETFs to Come in March 2025
Sehra acknowledged Solana’s strengths, citing that these features make it a compelling network for tokenization. This latest development could position Solana on a new plane, especially with the United States Securities and Exchange Commission’s （SEC） approval for spot Ethereum ETFs in May. This approval brings hope for other altcoins, potentially paving the way for Solana ETFs by March 2025.
Conclusion
Hamilton Lane’s launch of the Senior Credit Opportunities Fund （SCOPE） on Solana represents a significant step in integrating traditional finance with blockchain technology. This move not only highlights the growing acceptance of blockchain in mainstream finance but also positions Solana as a leading network for future financial innovations.