Global investment giant KKR & Co has partnered with digital asset management firm Securitize to tokenize its private equity fund on a public blockchain network.
According to an official press release, the partnership will allow the KKR to tokenize its second Health Care Strategic Growth Fund on the Avalanche blockchain, making it accessible to investors with at least $5 million in investible assets.
KKR Offers Tokenized Funds to Investors
The growth fund is a $4 billion vehicle that invests in growing healthcare companies in North America and Europe.
Dan Parant, managing director and co-head of US private wealth at KKR, stated that the firm has been receiving increasing interest from individual investors regarding the fund.
He also noted that tokenized funds eliminate many of the barriers that prevent individual investors from accessing private equities. For instance, tokenized funds allow individuals to easily access private equities while enabling them to invest smaller...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...