Flow Capital puts a $150 million private credit fund on-chain

According to Bloomberg, Flow Capital Partners plans to launch its $150 million private credit fund on a blockchain platform based in Singapore by the end of this month, becoming one of the first asset management firms in Asia to utilize the growing liquidity of stablecoins.

The alternative asset management company headquartered in Hong Kong will provide its master fund through DigiFT Tech Pte. and plans to raise an additional $30 million through tokenized shares by the end of this year. The company's Chief Investment Officer Jacky Tian stated that the goal is to expand the fund, which was launched in June, to $250 million by the end of the year.