Hamilton Lane Launches Private Credit Fund SCOPE on Solana

Hamilton Lane, a leading global alternative asset investment firm with over $900 billion in AUM, announced on Tuesday the launch of the Senior Credit Opportunities Fund (SCOPE) on the Solana blockchain. To do this, Hamilton Lane partnered with Libre, a Web3 protocol for issuing and distributing funds on Polygon. Libre is a joint venture between hedge fund Brevan Howard's WebN Group and Nomura Securities' crypto company Laser Digital. Libre CEO and founder Avtar Sehra said that by providing services to "a large number of high net worth cryptocurrency-native" traders, tokenizing SCOPE provides an opportunity to deepen Hamilton Lane's distribution.