Hamilton Lane's SCOPE Fund, Multi-Chainization

## Security Tokenization and Wormhole Partnership

On the 17th, RWA (Real World Assets) tokenization company Securitize announced a partnership with Wormhole to multi-chain the tokenized private credit fund of asset management company Hamilton Lane.

The subject is the Hamilton Lane Senior Credit Fund "Senior Credit Opportunities Fund (SCOPE)". This fund was tokenized on Polygon (POL) in 2023.

Hamilton Lane is one of the world's largest private market investment firms, holding approximately $958 billion (about 142 trillion yen) in assets under management and supervision as of March 31, 2025. The senior credit fund is a fund that invests in debt instruments with the highest repayment priority.

As a result of this move, SCOPE has been launched on Ethereum (ETH) and Optimism (OP). Interoperability is achieved through the major cross-chain interoperability protocol, Wormhole.

At the same time, we have enhanced the on-chain functionalities of SCOPE. A series of features have been added, including daily NAV (Net Asset Value) forecasting, instant subscription, on-demand redemption, and direct issuance on both Ethereum and Optimism blockchains.

In addition, a new token "sSCOPE" has been introduced, making it possible for SCOPE to interoperate within a broader DeFi (Decentralized Finance) and RWA ecosystem.

This token can be used for structured products, yield strategies, protocol integration, collateral, and more.

Michael Sonnenstein, the Chief Operating Officer (COO) of Securitize, commented as follows.

Major asset management companies are seeking infrastructure not only to tokenize assets but also to freely circulate them across chains. This is a clear trend.

By combining Hamilton Lane's investment expertise, the interoperability of Wormhole, and our tokenization platform, we will contribute to building the next generation of financial services for institutional investors.

Victor Jung, Managing Director and Head of Digital Assets at Hamilton Lane, spoke about the potential of DeFi as follows.

DeFi can improve existing financial services while maintaining legal compliance. This is a game changer.

The new version this time indicates the direction in which private credit is heading. It aims to be more accessible, highly liquid, and flexible in construction, responding to the needs of investors.

According to Binance Research's June report, the RWA market has grown rapidly, more than tripling in six months. Tokenized private credit accounted for about 58% of the share.

Securitization noted that the tokenized RWA market recorded a record high of $25 billion (approximately 3.7 trillion yen) last week, with private credit leading the way with an assets under management balance of $14.88 billion (approximately 2.2 trillion yen).

What is RWA?

Short for "Real World Asset (RWA)". RWA that are tokenized on the blockchain include physical assets such as real estate, art pieces, and trading cards, as well as financial securities like stocks and bonds. The potential for the tokenization of RWA has also attracted the attention of major asset management firms like BlackRock.