Securitize Stock Rises 6% on Tokenized Fund With Neuberger

Securitize Capital LLC is the investment adviser for HINC. Securitize Markets LLC will handle distribution to eligible investors. Access is limited to accredited investors and qualified purchasers who pass identity verification and compliance checks, Securitize said.

The launch builds on Securitize's recent regulatory and market milestones. The company registered Securitize Capital as an investment adviser with the U.S. Securities and Exchange Commission in July. It listed on the New York Stock Exchange on July 2, issuing blockchain-based shares at the same time.

Securitize reported first-quarter revenue of $19.5 million, up about 40% from a year earlier. It had $3.4 billion in tokenized assets under management at the end of the quarter, the company said.

The HINC fund adds an actively managed high-yield strategy to Securitize's product lineup. The fund is Securitize's first tokenized fund to use a subadvisor.