TechFlow reports, on July 23, according to Fortune, asset management firm Hamilton Lane announced a collaboration with Web3 protocol Libre to launch the Senior Credit Opportunities Fund (SCOPE) on the Solana blockchain, aiming to attract "crypto-native" traders and enhance distribution capabilities. Hamilton Lane, which manages over $900 billion in assets, is one of the world's largest alternative investment firms.
Libre is a Web3 protocol for issuing and distributing funds on Polygon, formed as a joint venture between Brevan Howard’s WebN Group and Nomura’s crypto arm Laser Digital. Avtar Sehra, CEO and founder of Libre, said tokenizing SCOPE offers an opportunity to deepen Hamilton Lane's distribution by serving a large base of high-net-worth, crypto-native traders.
