Securitize and Neuberger Launch HINC: A Multi-Chain Tokenized Fixed Income Fund

Securitize has launched the Neuberger Securitize High Income Tokenized Fund (HINC), marking a significant milestone as global investment manager Neuberger enters the tokenization space as a subadvisor. For fintech professionals, this represents the continued migration of sophisticated, institutional-grade fixed income strategies onto public blockchain infrastructure across multiple networks simultaneously.

What was announced

The Neuberger Securitize High Income Tokenized Fund, known by the ticker HINC, is designed to provide eligible investors with attractive risk-adjusted returns through a portfolio primarily composed of high-yield bonds. The fund’s strategy also encompasses other income-generating fixed income instruments, including leveraged loans and collateralized loan obligations (CLOs). By utilizing tokenization, the fund aims to bridge the gap between traditional private credit markets and the efficiencies of distributed ledger technology.

A defining feature of this launch is its multi-chain availability. HINC is being deployed across four prominent blockchain networks: Avalanche, Ethereum, Solana, and Sui. This broad distribution strategy ensures that qualified purchasers and accredited investors can access the fund through their preferred ecosystem while benefiting from Securitize’s regulated, end-to-end operational framework.

Neuberger serves as the subadvisor, applying its research-intensive investment process to the fund’s assets. Securitize Capital LLC acts as the investment adviser, while Securitize Markets, LLC handles the offering to investors. The fund is subject to standard regulatory requirements, including KYC/AML checks and jurisdictional eligibility. Other affiliates within the Securitize corporate structure provide the underlying tokenization technology, fund administration, and necessary operational services to maintain the fund on-chain.

"This tokenized fund brings Neuberger's established fixed income capabilities to public blockchains. Launching HINC across Avalanche, Ethereum, Solana and Sui, gives eligible investors access through four leading blockchain networks, supported by Securitize's regulated, end-to-end tokenization platform."

Carlos Domingo, Co-Founder and CEO of Securitize.

The companies involved

Securitize is a prominent leader in the tokenized asset sector, providing the technology and regulatory infrastructure necessary for issuing and managing digital securities. The firm operates a comprehensive platform that includes fund administration and secondary market trading through its various regulated subsidiaries. Its co-founder and CEO, Carlos Domingo, has been a vocal advocate for moving traditional financial products onto the blockchain to increase transparency and liquidity.

Neuberger is a global investment manager with a massive footprint in the fixed income market, overseeing more than $230 billion in assets under management (AUM). The firm is known for its active management approach and its ability to navigate complex market cycles through diversified, research-driven solutions. This partnership with Securitize represents Neuberger's first engagement as a subadvisor to a tokenized fund, signaling a strategic move to extend its institutional expertise to the digital asset space.

The fund utilizes several key blockchain protocols: Ethereum, the most established smart contract platform; Avalanche, known for its scalability in institutional finance; Solana, recognized for high-speed transactions; and Sui, a newer Layer 1 blockchain designed for low-latency asset management.

What FF News has reported before

FF News has closely tracked the rapid expansion of the tokenized asset ecosystem. We recently reported on Ondo Finance Hits $1 Billion Milestone as Tokenized Equities Ecosystem Surges, highlighting the growing appetite for on-chain versions of traditional assets. The institutional shift is further evidenced by our coverage of MUFG and Digital Asset Launch On-Chain Japanese Government Bond Repo Proof-of-Concept and Bullish Launches Tokenized Equity Trading on GFSC-Regulated Digital Asset Exchange. Additionally, the infrastructure for institutional trading continues to mature, as seen in P2P.org and Arkis Launch Staked Asset Collateral for Institutional Trading.

What this means

The entry of a $230 billion AUM fixed income powerhouse like Neuberger into the subadvisory role for a tokenized fund is a clear signal that the "experimental" phase of tokenization is ending. By launching across four different blockchains simultaneously, Securitize is effectively commoditizing the underlying network, forcing blockchains to compete on performance and liquidity rather than just being the "exclusive" home for an asset. This puts pressure on traditional fund administrators who lack blockchain capabilities. The next thing to watch is whether these high-yield tokens find significant utility as collateral in the broader decentralized finance (DeFi) ecosystem, which would further differentiate them from their traditional counterparts.