Hamilton Lane Wants to Tokenize Shariah-Compliant Private Credit, Partners AltaX, Phillip Securities

Hamilton Lane is collaborating with Alta Exchange (AltaX) and Phillip Securities under the Monetary Authority of Singapore’s (MAS) Project Guardian to enhance liquidity through tokenization.

The three firms will collaborate on broadening access to the tokenized version of Hamilton Lane’s Senior Credit Opportunities (“SCOPE”) Fund. Listed on AltaX and launched in March 2023, SCOPE is a senior private credit vehicle that offers safety and yield for investors.

Luke Lim, Managing Director of Phillip Securities, said the partnership represents "an exciting frontier for Phillip Securities as we continue to innovate and develop new investment products for our clients."

"By combining our expertise and resources, we are able to bring cutting-edge solutions to meet the evolving and diverse needs of sophisticated investors," he added.

The tokenization and listing of SCOPE on AltaX marked the completion of the first strategic phase for the partnership. Its first phase enabled accredited and institutional investors to manage risk, respond to market conditions, and engage with a global trading community.

Phase two aims to broaden access to private credit by exploring the potential introduction of the world’s first Shariah-compliant tokenized private credit fund, targeting the growing global Islamic funds market.

Victor Jung, head of digital assets at Hamilton Lane, said, "We are focused on continuing to innovate around this offering, opening doors to investors of all types and fostering a more inclusive financial ecosystem. In our view, this collaboration is poised to have a significant impact on private credit and the broader private markets landscape."