US Investment Giant KKR Tokenizes Private Equity Fund on Avalanche Blockchain

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The investment firm hopes to use the $4 billion tokenized fund to attract more investors.

Global investment giant KKR & Co has partnered with digital asset management firm Securitize to tokenize its private equity fund on a public blockchain network., 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.The growth fund is a $4 billion vehicle that invests in growing healthcare companies in North America and Europe.

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 amounts.“With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” Parant added.

 

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