The firm hopes that a tokenized fund will increase accessibility to individual investors.
U.S. investment firm KKR & Co. (KKR) has made its Health Care Strategic Growth Fund available on the Avalanche blockchain.
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.
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.
Read more: CoinDesk
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