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Fortune
Fortune
Niamh Rowe

Hamilton Lane becomes first asset manager to launch a fund on Solana blockchain

(Credit: Bloomberg—Getty)

With over $900 billion in assets under management, Hamilton Lane is one the world’s largest firms investing in alternative assets. On Tuesday, it announced the launch of a private credit fund on the Solana blockchain. Investors can now access the firm’s Senior Credit Opportunities Fund, or SCOPE, via the network.

To do this, Hamilton Lane has partnered with Libre, a Web3 protocol for the issuance and distribution of funds on-chain. Libre is a joint venture between hedge fund Brevan Howard's WebN Group, and Nomura's crypto firm Laser Digital.

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