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Securitize Capital has entered into an agreement to tokenize the Health Care Strategic Growth Fund II (HCSG II) fund of asset management company KKR. The tokens will be issued on the Avalanche network.
$4 billion HCSG II fundfocuses on investing in health care firms. Currently, the fund's portfolio includes shares of 23 North American and European companies. With the help of tokens, private investors will be able to access the fund.
In order to buy HCSGII fund tokens inSecuritize protocol, users will need to go through verification - provide passport data, fill out tax reports and provide additional personal information. At the same time, a commission of 0.5% is assumed for investments.
“Securitize tokenizes flagship fund KKR,one of the largest organizations in the world, on the Avalanche network. This is a huge milestone for blockchain – Wall Street institutions and real assets are appearing on the blockchain,” wrote Emin Gun Sirer, co-founder and CEO of Ava Labs.
Representatives of KKR noted that tokenizationassets allows "reducing the minimum investment threshold, improving investor registration and regulatory compliance protocols, and increasing liquidity potential through a regulated alternative trading system."
Recall that last fall, Securitize launched an alternative system for trading tokenized shares of private companies called Securitize Markets.