Hamilton Lane tokenized fund launched on sei network, SEI rises 7%

• Senior Credit Opportunity Fund will go on-chain via Sei.
• This move will give institutional investors blockchain-based access to private credit.
• SEI has performed well over the past day, rising over 7% on the daily chart.

Digital coins posted modest gains on Wednesday as the global cryptocurrency market capitalization increased by 0.8% to $3.8 trillion.

A thriving SEI With a price increase of 7.55% in the past 24 hours, it is one of the altcoins leading the way for a possible comeback.

Meanwhile, SEI’s bullish performance coincided with a major announcement from the project.

Today’s official blog confirmed that RWA platform KAIO has expanded its tokenized fund products on Sei Network.

KAIO is now allowing investors to access Hamilton Lane’s Senior Credit Opportunities Fund (also SCOPE) through the SEI blockchain.

KAIO Chief Operating Officer Oliver Dunn said:

This launch marks another major milestone in institutional blockchain adoption.

With Sei Network, you get configurable access to leading fund strategies completely on-chain.

It is the foundation of a real-time, programmable financial infrastructure built for the next era of investing.

Notably, this comes after BlackRock and Brevan Howard launched a tokenized fund on the Sei ecosystem.

During the announcement, the native token SEI traded in the green.

The stock soared from an intraday high of $0.2133 to $0.2294, up 7.55% in the past 24 hours.

Meanwhile, this strategic launch is centered around the HL SCOPE Access Fund, which brings SCOPE on-chain for the first time.

We pride ourselves on Hamilton Lane’s status as a well-known private credit company, accessible through a blockchain setup designed for institutional investors.

Why is it important to investors?

Hamilton Lane’s SCOPE Fund promises stable cash flows and returns.

You can expect stable returns even in situations where the market is volatile.

This senior private credit fund gives investors access to multiple strategies and managers, with additional perks like monthly liquidity and rapid capital deployment. This is a rare service in the credit market.

Victor Jung, Head of Digital Assets at Hamilton Lane, highlighted the firm’s vast experience in private markets spanning over 30 years.

Additionally, the company has prioritized its digital asset offering for over three years. Chon Added:

The integration of KAIO and Sei Network provides access to digitally native end investors who are increasingly seeking to diversify their portfolios into private assets, and we are pleased to partner to provide access to an on-chain senior private credit platform.

SEI price outlook

After last week’s 25% drop, the digital token traded in the green as bulls battled for control.

SEI is trading at $0.2197 after briefly falling from its intraday high.

Technical indicators support SEI’s short-term upward trajectory.

For example, the 4H MACD displays a green histogram after the bullish crossover on October 12th.

Additionally, the Relative Strength Index of 42 suggests further upside before Sei approaches overbought.

Nevertheless, bears still dominate SEI’s performance.

It is trading below the 50-day EMA and 100-day EMA on the 4-hour time frame, confirming significant selling pressure.

Also, altcoins require large trading volumes to maintain their rise in the short term.

Broad market sentiment remains important in influencing SEI’s price performance.

However, institutional interest from public companies like Hamilton Lane could position Sei for a solid recovery amid a broader bull market.