Invesco & DigiFT Tokenize Private Credit Fund

Invesco, a prominent investment management firm, has partnered with Singapore-based digital assets exchange DigiFT to launch a tokenized private credit fund. This collaboration aims to bring on-chain private credit funds to users, contributing to the growing market of real-world assets on the blockchain, which has surpassed $17.4 billion.

Through this partnership, DigiFT will offer a token that enables holders to invest in Invesco's private credit fund. This marks Invesco's first foray into the real-world assets (RWA) market, as the company previously focused on spot BTC and ETH exchange-traded funds. The first fund to be tokenized is a senior private credit strategy, tailored to address the significant demand in the industry. The tokenized private credit market currently boasts over $11.9 billion in active loans, compared to the traditional private credit loans space, which is a $1.6 trillion market.

Noelle Lim, Invesco's CEO of Singapore, expressed excitement about the partnership, stating, "On the back of rapid developments in distributed ledger technology, fund tokenization is one of the most remarkable trends. Many advantages of this innovation are finding a new home in the asset management space, transforming the industry. We are excited that an innovative platform like DigiFT is offering this solution, opening up more investment opportunities for investors."

The tokenized private credit fund will go live on the Ethereum and Arbitrum blockchains. This partnership follows the footsteps of other global asset managers, such as BlackRock, Fidelity, and Franklin Templeton, who have also made significant strides in the tokenization space. Key players in this realm include Ondo Finance, Hashnote, and Superstate, with leading chains for asset tokenization being Ethereum, Solana, Arbitrum, and Stellar.

Henry Zhang, founder and CEO of DigiFT, emphasized the importance of working with top-tier teams to bring institutional-grade assets on-chain. He stated, "We believe that working with the best teams, to bring the best in-class assets on-chain is more important than being the first to market. To bring truly institutional-grade assets on-chain requires nothing less than having the best partners in the business like Invesco."

While this partnership with Invesco is a significant development, it is not DigiFT's first tokenized investment fund. In November 2022