Blockchain Revolution: Major Credit Fund Debuts on Solana
![Blockchain Revolution: Major Credit Fund Debuts on Solana](https://coinspress.com/wp-content/uploads/2023/02/solana-logo-915x600.webp)
Hamilton Lane is launching its senior private credit fund on the Solana blockchain through a collaboration with Libre.
Libre, created by Brevan Howard’s WebN Group and Nomura’s Laser Digital, provides institutional Web3 infrastructure. They introduced a protocol on the Solana network to issue and distribute funds. This allows Solana users to access Hamilton Lane’s Senior Credit Opportunities Fund (Scope), the Brevan Howard Master Fund, and BlackRock’s ICS Money Market Fund.
Finance just became more accessible.@Librecap on Solana lets you invest in alternative assets like private credit funds with $10k, not $250k+ — all from your phone.
This is finance for everyone 🧵 pic.twitter.com/6xa653DT3R
— Solana (@solana) July 23, 2024
Accredited and institutional investors can now invest in these top-tier funds on-chain with compliance, and can utilize secondary trading and collateralized lending services.
Scope, a private credit vehicle with monthly liquidity, will be available to Solana users through the HL SCOPE Access Fund.
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Victor Jung, head of digital assets at Hamilton Lane, highlighted the partnership with Libre as a way to expand investor access and improve efficiency and transparency in private markets.
Libre’s CEO, Dr. Avtar Sehra, emphasized Solana’s capabilities in supporting new services, and plans to roll out additional offerings on the network.