Singapore-based digital assets exchange ADDX has teamed up with US-based private markets firm Hamilton Lane to tokenise its Global Private Assets (GPA) fund.
The partnership is designed to enable access to private markets for a broader set of Asian investors, according to both firms.
Tokenisation will play a vital part in meeting this ambition by lowering the cost of fund processing and reducing the subscription size for new investors.
The fund, which is the firm’s first to be tokenised, will be accessible to ADDC investors at a minimum ticket size of US$10,000, compared to the $125,000 reserved for investors that subscribe through traditional channels.
“We seek to partner with firms that deliver transformative technology designed to drive our industry forward, and are excited to offer our investors access to GPA through this new platform,” said Hamilton Lane, vice chairman and head of international, Juan Delgado-Moreir.
“We know the value private equity can bring to investors’ portfolios,” said ADDX chief executive Oi-Yee Choo. “The only missing link thus far has been the lack of access to such assets for most individual investors. With tokenization and fractionalization, ADDX is committed to plugging that gap.
© 2022 funds global asia