Securitize has issued Hamilton Lane's HLSCOPE Senior Credit Opportunities feeder fund on the TRON blockchain, marking the first Securitize-issued asset on a network with 383 million accounts and approximately $90 billion in circulating stablecoins. The fund was already live on Polygon, Ethereum, and three other chains, making this a sixth deployment and signaling a deliberate multi-chain distribution strategy for regulated tokenized funds.
For the crypto repo desk, the TRON issuance raises specific custody and collateral eligibility questions. Armada's Fireblocks integration must support TRON-based token custody for these assets to be considered as collateral. Additionally, private credit tokenized funds carry different liquidity and valuation risk than tokenized T-Bills, and the no-rehypothecation policy means liquidation options must be clearly defined. Legal should review whether HLSCOPE tokens on TRON meet the same eligibility standards applied to Ethereum-based issuances.