Securitize, Neuberger Berman launch tokenized high-yield fund across 4 blockchains

Securitize and Neuberger Berman launched HINC, a tokenized high-yield fund spanning four blockchains, on August 18, bringing $230 billion in fixed-income expertise onchain.

"Tokenization does not change the underlying investment strategy," Anil Abraham, head of product management at Neuberger Berman, said. "We are pleased to work with Securitize to extend our process-driven, actively managed approach to qualified investors looking to access fixed income strategies on-chain."

The Neuberger Securitize High Income Tokenized Fund invests primarily in high-yield corporate bonds, with additional exposure to collateralized loan obligations and leveraged loans. Securitize manages approximately $4.96 billion in distributed asset value across 26 tokenized products, including BlackRock's $2.7 billion BUIDL fund and a $355 million tokenized AAA CLO fund. Securitize shares rose 5.93% to $5.71 during Tuesday's trading session, recovering from intraday lows around $5.25.

The launch extends tokenization beyond Treasury products into actively managed credit, potentially drawing more traditional asset managers to blockchain infrastructure. An Aave governance proposal has already surfaced to onboard HINC to its Horizon platform, and Securitize Capital's SEC registration as an investment adviser in July enables deeper institutional collaboration on compliant tokenized products.

Multi-chain distribution and eligibility

HINC is available on Ethereum, Solana, Avalanche, and Sui, allowing a single fund to reach investors and applications native to different blockchain ecosystems. Access is restricted to accredited investors and qualified purchasers who must complete identity verification, KYC/AML checks, and jurisdictional screenings.

Securitize Capital serves as the investment adviser, while Securitize Markets offers fund interests to eligible investors. Neuberger Berman, which manages roughly $613 billion in total assets, serves as subadvisor in its first tokenized fund role.

The fund's return profile is anchored to credit market performance rather than crypto price volatility, since tokenization converts fund shares into transferable onchain tokens while the underlying assets remain traditional interest-bearing securities. Investors in HINC remain exposed to the risks of high-yield credit, including credit, interest-rate, liquidity, and market risk, alongside additional risks tied to blockchain networks, custody, smart contracts, and cybersecurity.

Securitize reported first-quarter revenue of $19.5 million, up approximately 40% year over year, with $3.4 billion in tokenized assets under management. The company completed its NYSE listing on July 2 under the ticker SECZ, and ARK Invest purchased Securitize shares across its funds on August 17.

"The previous market regime rewarded investors for assuming that capital would remain cheap and plentiful," Charu Chanana, chief investment strategist at Saxo, said in a client note. "The emerging regime may reward investors for recognising that capital has a price again."

The HINC launch adds a higher-risk credit strategy to a tokenized fund market that has so far concentrated on Treasuries, money-market products, and private credit. The multi-chain structure demonstrates that tokenization can be applied to actively managed credit products, not just relatively straightforward cash-equivalent assets. For Securitize, the partnership with a $613 billion asset manager strengthens its position as the infrastructure layer for institutional tokenization, while for Neuberger it opens a new distribution channel to crypto-native investors and DeFi applications.

This article is for informational purposes only and does not constitute investment advice.