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Securitize on Tuesday launched a tokenized version of Hamilton Lane's Senior Credit Opportunities Fund, known as HLSCOPE, on the TRON blockchain, the first asset the tokenization platform has ever issued on the stablecoin-heavy network, the two companies said in a joint announcement.

The launch puts a Reg D-gated private-credit feeder fund, managed by Securitize Capital into Hamilton Lane's evergreen senior-secured loan vehicle, onto a chain that, by TRON's own count cited in the announcement, hosts more than 383 million accounts and roughly $90 billion in circulating stablecoins.

Hamilton Lane (Nasdaq: HLNE) is a private-markets firm with $1 trillion in total assets under management and supervision as of March 31. Securitize itself has $4 billion-plus in AUM across funds with Apollo, BlackRock, BNY, KKR, VanEck and Hamilton Lane.