
Securitize launched the HINC fund on Tuesday, putting Neuberger Berman's $230 billion in fixed income on Avalanche, Ethereum, Solana, and Sui. The high-yield bond fund is available to institutional investors after KYC and AML checks.
Securitize launched the Neuberger Securitize High Income Tokenized Fund (HINC) on Tuesday, putting Neuberger Berman's fixed-income platform onchain for the first time. The fund invests in high-yield bonds and is available simultaneously on Avalanche, Ethereum, Solana, and Sui.
Institutional and accredited investors who pass KYC and AML checks can subscribe to HINC. Securitize, an SEC-registered investment advisor, handles the regulatory and operational layer. Neuberger Berman serves as sub-advisor, managing the underlying bond portfolio.
The fund targets what Securitize described as "attractive risk-adjusted returns" from high-yield debt. Tokenization lets the fund trade 24/7 across multiple blockchains, with settlement in stablecoins or native tokens depending on the network.
Securitize has been pushing tokenized assets into regulated markets. The firm listed its own stock on the NYSE under ticker SECZ and tokenized those shares on Avalanche and Solana. It also partnered with Cantor Fitzgerald for tokenized public offerings and with Loopscale to extend SECZ's onchain footprint.
Neuberger Berman manages roughly $500 billion in total assets. Its fixed-income unit oversees corporate bonds, structured credit, and emerging-market debt. The HINC fund gives that platform a direct route to crypto-native capital without the firm having to build its own blockchain infrastructure.
The multi-chain launch means HINC is accessible to users on four networks at once, an approach that sidesteps the single-chain dependency most tokenized funds carry. Liquidity can flow between networks as demand shifts, though the fund's net asset value is calculated on a single ledger.
Securitize CEO Carlos Domingo has argued that the bottleneck for institutional tokenization is not technology but the gap between synthetic products and direct ownership. Synthetic tokenized assets carry counterparty risk. Direct ownership aligns incentives with the underlying bond. HINC is structured as a direct ownership fund, Domingo said.
The fund's high-yield focus carries default risk and interest-rate sensitivity. The onchain wrapper adds transparency and transferability that traditional closed-end bond funds lack. Investors can see the portfolio in real time and move their positions across supported chains without waiting for settlement windows.
A batch of Neuberger Berman's fixed-income analysts will manage the bond selection, the same team that runs the firm's institutional high-yield strategies. Securitize handles the tokenization, custody, and compliance layer.
HINC is the latest in a string of tokenized credit products hitting the market. Bitcoin (BTC) profile and Ethereum (ETH) profile remain the dominant crypto assets. Tokenized bonds and funds are gaining traction among institutions looking for yield without leaving the onchain environment.
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