Swiss digital asset bank Sygnum plans to offer DLT-registered shares in a $3.8 billion Hamilton Lane fund to its professional, institutional and corporate clients. Many blockchain-based funds take existing shares and tokenize them. In contrast, this Luxembourg-based Global Private Assets (GPA) Fund will issue a separate class of shares natively on the Polygon blockchain. The global fund administrator and transfer agent Apex Group is also involved in the project.
Hamilton lane manages more than $900 billion in private market assets.
The goal of using DLT is to lower the minimum required investment to make the fund more accessible. It will use Sygnum’s DLT solution for the registration, with FundRock-LRI managing the on-chain share registry. It benefits from the efficiencies enabled by using DLT and automation and also integrates fund administration functions that would traditionally be separate.
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