Hamilton Lane, a leading global investment platform, will use the Securitize tokenization platform based on Polygon to provide a $2.1 billion flagship fund to individual investors.
In a recent announcement, Polygon hinted that Hamilton Lane, as part of its Equity Opportunities Fund V, intends to offer a way for individuals to access the firm’s private equity asset class through Securitize feeder fund via tokenization.
By leveraging the Securitize tokenization platform on Polygon, Hamilton Lane will offer at least $5 million in assets to qualified investors with a minimum investment of $20,000.
Meanwhile, both platforms are expected to sustain the collaboration to launch two more feeder funds in the next few months. Hamilton Lane boasts $823.9 billion worth of assets under management.
Securitize has also supported numerous private market investments, including a $25 million fine art fund.
Reacting to the development, the global head of institutional capital at Polygon labs, Colin Butler, said the tokenization of private funds remains a step forward for investors and funds managers. Additionally, he expressed Polygon’s commitment to ensuring that these asset classes are accessible, secure, and scalable.
Polygon Thriving in its Quest to Onboard Users to Web3
Lately, Polygon has continued to thrive, becoming one of the fastest-growing ecosystems. It ended 2022 after collaborating, integrating, and hosting multiple projects. Polygon started the new year with the same momentum, integrating Fractal into its network on January 24.
With this integration, Fractal’s product suite, F studio, NFT launchpad, and marketplace will be available on Polygon. Further, the integration allowed Polygon Ventures to strategically invest in Fractal to improve the gaming platform’s service to end-users.
On January 31, Polygon welcomed K-pop girl group aespa, Paper magazine, and The Dematerialised to its ecosystem. According to the scaling platform, the trio will bring a digital capsule collection to the network. Further, it also partnered with Meroku store, a decentralized app store, to launch an open-source developer tool kit.
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- Source: https://dailycoin.com/hamilton-lane-equity-fund-to-utilize-securitize-tokenization-platform-on-polygon/