TechFlow reported on February 19 that, according to Bloomberg, Singapore-based blockchain platform DigiFT announced the tokenization of a $6.3 billion private credit fund managed by Invesco. The fund, which has delivered a net annualized return of 4.5% since its inception in 2006, primarily invests in senior secured corporate loans.
According to DigiFT's statement released on February 19, institutional investors can purchase tokenized shares of the fund using U.S. dollars or stablecoins (USDC and USDT). DigiFT CEO Henry Zhang said the move represents the latest example of convergence between traditional finance and the crypto sector.
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