New York investment firm KKR_Co has put a portion of its private equity fund on the avalancheavax blockchain in partnership with Securitize. Reporting by oknightcrypto.
KKR said it hopes that the tokenized health-care fund will provide a more accessible investment vehicle to individual investors.
“With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” Dan Parant, managing director and co-head of U.S. private wealth at KKR, said in the statement.
“This new fund is an important step toward democratizing access to private equity investments by delivering more efficient access to institutional-quality products," Securitize CEO Carlos Domingo said.
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