Investment manager Hamilton Lane is planning to issue three new blockchain-native share classes of its Private Assets Fund on the Provenance blockchain. It is a so-called 1940 Act fund, and will use Figure‘s Digital Fund Service platform. Figure Technologies founded the Provenance blockchain.
Hamilton Lane has more than $835 million in assets under management. It’s no stranger to blockchain, having launched a tokenized fund in Asia with Singapore’s ADDX earlier this year, and more recently tokenized three funds with Securitize.
“Hamilton Lane was one of the earliest major private markets firms to tokenize a fund, and we remain committed to identifying innovative technology solutions as a means of solving for some of the traditional pain points in the asset class,” said Victor Jung, Head of Digital Assets at Hamilton Lane.
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