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We’re pleased to announce that Hamilton Lane intends to join Converge as a launch partner, enabling one of the earliest global private markets investment management firms to embrace tokenization to expand its tokenized funds’ on-chain footprint.
The move marks a full-circle moment in the evolution of real-world assets (RWAs). When Hamilton Lane and Securitize first partnered in October 2022, the total market cap of tokenized RWAs stood at just $5.3 billion. Today, it sits at $24 billion with Hamilton Lane once again at the forefront of innovation.
“As one of the first private markets investment managers to embrace the power of tokenization, Hamilton Lane is proud to join the Converge platform,” said Victor Jung Head of Digital Assets at Hamilton Lane. “With Converge, we see a next-generation platform built for scale, composability and institutional-quality utility. We’re proud to participate in this next chapter.”
Hamilton Lane’s tokenization journey began with a mission to expand access to private markets by using blockchain to lower minimums, increase transparency and offer improved liquidity.
With Securitize’s partnership, the asset manager has tokenized three flagship funds across private equity, secondaries and private credit.
Hamilton Lane’s commitment has helped drive the growth of tokenized private credit; the largest RWA sector today with $14 billion AUM, more than half the total tokenized market.
“Hamilton Lane has led by example in making private markets accessible,” said Carlos Domingo, CEO of Securitize. “Their move to Converge reinforces a shared belief: the evolution of capital markets will be open, integrated and onchain.”
Hamilton Lane’s early adoption of tokenization was a signal to asset managers worldwide the technology had benefits for issuers and investors alike. Their early adoption of Converge is another signal that serious institutions see Converge as the settlement layer for traditional finance and digital dollars.
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