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Hamilton Lane Credit Fund Accessible on Solana Blockchain
- Libre’s investment infrastructure takes a significant step in expanding access to alternative asset classes, now accessible on Solana
- The integration of Hamilton Lane’s senior private credit fund will provide a broad range of investors with access to the historically stable private markets strategy
Libre, a joint venture between WebN Group and Nomura’s Laser Digital, launches a next-generation Web3 protocol on the Solana network for fund issuance and distribution. In parallel to the launch, leading global private markets investment management firm Hamilton Lane has worked to make its Senior Credit Opportunities Fund accessible on Libre1. This partnership gives Solana users access to a number of on-chain funds, including SCOPE, as well as the Brevan Howard Master Fund and Blackrock ICS Money Market Fund.
Libre operates as a backbone infrastructure, connecting Real World Assets (“RWA”) such as private markets, other alternative assets, and money market funds to users on public chains. Libre does this through on-chain Libre Gateway DeFi dApps (decentralized applications) deployed on every public chain. This allows accredited, professional, and institutional investors on networks like Solana to directly access on-chain Tier 1 funds in a fully compliant manner, as well as ancillary services for secondary trading and collateralized lending where available. The first cross-chain transactions have taken place on Solana via the Libre Gateway MVP.
Now accessible to Solana users via Libre, HL SCOPE Access Fund provides access to SCOPE, an evergreen senior private credit vehicle for all seasons, which seeks to generate consistency of performance and cash return through rising and falling markets. SCOPE offers investors access to a diversified, multi-manager portfolio with immediate capital distribution and the option of monthly liquidity.
Libre CEO and founder Dr. Avtar Sehra said, “The launch of Libre Gateway on Solana is a huge step forward in enabling Solana users to access wealth management and treasury tools, and for Libre to leverage Solana’s low latency and throughput to launch new and innovative services.”
Victor JungHead of Digital Assets at Hamilton Lane, said: “As a leader in the tokenization of private markets funds, we are delighted to partner with Libre, who are at the forefront of innovation in the fund distribution space, to reach a broader range of investors when we launch on Solana. This launch will broaden access to the historic returns and performance opportunities generated within private markets, while increasing efficiency and transparency for all investors.”
Nick Ducoff, Head of Institutional Growth at the Solana Foundation: “The launch of Libre on Solana democratizes access to high-quality financial products with lower minimums for a global investor base. Leveraging the high performance, speed, and security of the Solana blockchain, Libre enables accredited investors to access a broad range of top-tier private funds directly onchain. This development underscores the transformative benefits of blockchain technology in expanding participation in financial markets.”
While Libre’s primary focus is on providing access to private markets and alternative investments, such as the Hamilton Lane Scope Private Credit Fund, it also provides access to a range of established money market funds at the lowest cost, such as the BlackRock ICS USD Liquidity Fund, to ensure investors can park their money and have the flexibility to enter and exit alternative markets when they want. Additionally, Libre also offers more crypto-native funds, such as Laser Digital’s new Market Neutral Fund that is already oversubscribed ahead of its September launch.
Libre brings together the institutional heritage and alternative investment expertise of WebN Group, an incubator hub for fintech and Web3 innovation, and Nomura’s digital assets arm, Laser Digital. Libre is also looking to enable a range of services to be made available to users on Solana via the Libre Gateway, which will be implemented over the course of 2024.
Other quotes
Himanshu Panwar, CEO of WebN Group: “WebN Group is proud to support and contribute our expertise in blockchain technology and capital markets to the development of Libre. By providing a secure and efficient platform for issuance and treasury management, Libre is poised to transform the traditional investment landscape.”
Dr. Jez Mohideen, CEO of Laser Digital: “Laser Digital is committed to providing secure and compliant digital asset products and infrastructure for professional users. We strongly believe that Libre’s revolutionary approach to tokenized funds has the potential to significantly increase investor confidence and drive greater adoption of blockchain technology and tokenization in the alternative investment industry and broader capital markets.”
Source: Hamilton Lane
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