KKR, which had $471 billion in assets under management at the end of 2021, is working with digital-asset management platform Securitize Capital, which will handle the onboarding of new investors, according to a press release.
Individuals will be able to invest in KKR's health-care fund through a tokenized feeder fund on the Avalanche blockchain provided by Securitize.
Traditional finance companies are still entering the crypto industry this year despite a market downturn that has seen the price of bitcoin (BTC) slump by more than 50%. Wall Street clearinghouse Depository Trust & Clearing Corp. launched a private blockchain last month, and venture-capital firm Andreessen Horowitz doubled down on its crypto stance by establishing a fourth crypto fund worth $4.5 billion in May.
KKR said it hopes that the tokenized health-care fund will provide a more accessible investment vehicle to individual investors.
“With its ability to digitize operational inefficiencies and increase ease of...
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