Securitize rolled out a tokenized high-yield bond fund subadvised by Neuberger Berman on Tuesday. The move puts roughly $230 billion of the asset manager’s fixed-income platform within reach of public blockchains.
The fund trades under the ticker HINC. Its formal name: the Neuberger Securitize High Income Tokenized Fund. It went live across Avalanche, Ethereum, Solana and Sui. For Neuberger, this is a first. The firm has never before served as subadvisor to a tokenized fund.
A note on the numbers. Cointelegraph describes Neuberger Berman as a $613 billion asset manager. The $230 billion figure refers specifically to the firm’s fixed-income platform, per the fund’s launch announcement. The Block, by contrast, characterized $230 billion as the firm’s total assets under management. The two outlets are measuring different things.
The fund “seeks to generate attractive risk-adjusted returns by investing primarily in high-yield bonds and other income-producing fixed-income investments,” according to The Block. Securitize Capital LLC acts as HINC’s investment adviser. Neuberger handles portfolio management and research.
Not everyone can buy in. HINC is open to eligible accredited investors and qualified purchasers through Securitize. Onboarding, KYC/AML checks, jurisdictional eligibility and applicable securities-law requirements all apply.
Carlos Domingo, CEO of Securitize, said in a release: “This tokenized fund brings Neuberger’s established fixed income capabilities to public blockchains. Launching HINC across Avalanche, Ethereum, Solana and Sui gives eligible investors access through four leading blockchain networks, supported by Securitize’s regulated, end-to-end tokenization platform.”
Anil Abraham, Head of Product Management at Neuberger, said: “Neuberger’s fixed income platform has navigated decades of market cycles, growing into a globally integrated business built on diversified, research-intensive solutions. We are pleased to work with Securitize to extend our process-driven, actively managed approach to qualified investors looking to access fixed income strategies on-chain.”
The launch caps a stretch of institutional milestones for Securitize. The firm became a registered investment advisor with the U.S. Securities and Exchange Commission in July. That designation lets subsidiary Securitize Capital LLC work more closely with asset managers and institutional investors on tokenized strategies. Securitize stock, ticker SECZ, went public July 2. It was the first firm to debut shares simultaneously on the New York Stock Exchange and onchain.
First-quarter revenue hit a record $19.5 million, up nearly 40% year over year. Tokenized assets under management stood at $3.4 billion.
No subscription minimum was disclosed. No target fund size. No performance track record. The fund is newly launched.
