In the past, private market funds were only available to huge market investors. It was the first time in the United States that an innovative step was taken to access private financial market strategies by investors. Private market investments are considered as not a suitable option for shareholders to invest in. As per the business market, it is considered as risky and sometimes it may lead to a loss of investment.
- Securitize took the step to launch a tokenized fund for the KKR fund.
- KKR received $491 billion in tokenized funds.
Securitize is a crypto asset platform that provides security for investors and allows shareholders to trade and invest in various investment firms. The platform comprises 1.2 million investors and is connected to more than 3,000 business firms. Securitize became the first crypto asset platform to regulate tokenization and also to maintain cryptocurrency and capital markets.
Securitize, a crypto asset platform announced that it will launch $491 billion in tokenized funds for KKR’s Health Care Strategic Growth Fund II (HCSGII) on the most eco-friendly contract platform, called an Avalanche public blockchain platform. The supporting team for the development of the Avalanche blockchain system is Ava Labs. For the first time, KKR adopted the blockchain system to act as a bridge for crypto financial products.
Securitize CEO Carlos Domingo stated that “Tokenization has the ability to solve many of the biggest challenges for investors who are participating in the private market investment by enabling technological and innovation of products that have not happened before.”
As per Wilfred Daye, Head of Securitize Capital, Securitize stands in the top position for tokenization funds and distribution platforms for shareholders and asset managers.
“The tokenized fund we have developed is a significant breakthrough in unlocking investor access to private equity investments”
Tokenization acts as a supporting system to deliver less investment minimus and to increase the utilization of liquidity through a regulated trading system. The development of tokenized funds created a path for investors to unlock private investments.
Securitize initiated a step to develop the Securitize protocol on the Avalanche blockchain platform, mainly concentrating on private capital markets to deliver safe and secure tokens in the upcoming years.
The Blockchain Research Hub (BRH) estimated that more than $16.1 million (USD) worth of liquid assets is going to be tokenized by 2030.
Source: https://www.thecoinrepublic.com/2022/09/14/securitize-has-announced-the-launch-of-a-491-billion-tokenize-fund-for-the-kkr/