Asset manager Neuberger has launched its first tokenized fixed-income fund in partnership with Securitize, bringing an actively managed high-yield strategy to four blockchain networks simultaneously: Ethereum, Solana, Avalanche and Sui.
What the fund offers
Dubbed the Neuberger Securitize High Income Tokenized Fund, or HINC, the product will invest primarily in high-yield bonds, with supplementary exposure to collateralized loan obligations and leveraged loans, according to an announcement made Tuesday.
The fund is restricted to qualified investors. Securitize is providing the technical infrastructure to issue and manage tokenized shares across all four chains.
Neuberger is stepping into the role of subadvisor to a tokenized fund for the first time. Its fixed-income platform oversees more than $230 billion in assets, while the broader firm manages roughly $613 billion overall.
Neither firm disclosed how much capital the fund has raised or is targeting.
Market context
The launch arrives as competition for capital intensifies across corporate and government borrowing markets. Saxo chief investment strategist Charu Chanana noted in a Tuesday client note: ‘The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful. The emerging regime may reward investors for recognising that capital has a price again.’
Securitize’s position in the RWA market
Securitize holds approximately $4.96 billion in distributed asset value spread across 26 tokenized real-world assets, according to RWA.xyz data. Its existing product lineup includes BlackRock’s $2.7 billion BUIDL fund, a $355 million tokenized AAA CLO fund, and a $95 million Apollo diversified credit fund.
Shares in Securitize rose around 5% in Tuesday morning trading, lifting the company’s market capitalisation to roughly $838 million. Despite the gain, the stock remains more than 50% below levels it reached shortly after its public debut in July.
