
Hamilton Lane Expands SCOPE Fund with Securitize and Wormhole Integration
Asset manager Hamilton Lane has announced the expansion of its Senior Credit Opportunities Securitize Fund (SCOPE) to include multichain capabilities. This development will be facilitated by the integration of Securitize and Wormhole, according to a statement from Wormhole.
Initially launched in 2022, the SCOPE Fund will now be available on the Ethereum Mainnet and Optimism, offering enhanced features such as daily NAV pricing, instant subscriptions, and on-demand redemptions. The multichain interoperability is powered by Wormhole, which will enable seamless movement of the new sSCOPE token across supported ecosystems.
Wormhole, a leading interoperability platform, has played a crucial role in the expansion. As the exclusive multichain partner, it will provide a single pool of liquidity and a collateral asset for developers to integrate into decentralized finance (DeFi) opportunities.
According to Robinson Burkey, Co-Founder of the Wormhole Foundation, the integration allows Hamilton Lane to access capital in a secure and transparent manner. This collaboration marks a significant shift towards seamless interoperability in the financial sector.
Wormhole has already facilitated multichain access for other major offerings, including BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and Apollo’s ACRED fund. The platform has processed over $60 billion through more than 1 billion cross-chain messages, serving as a trusted network for prominent players like Circle and Uniswap.
The integration of the SCOPE Fund into the multichain ecosystem represents a foundational step towards a new financial system that is tokenized, borderless, and available 24/7. Built on Wormhole’s secure and decentralized infrastructure, this system has the potential to revolutionize how financial assets are managed and transferred.
Hamilton Lane’s decision to expand its SCOPE Fund underscores the growing demand for multichain solutions from institutional investors.
Source: Blockchain.News