Key Takeaways
- • Securitize launched the Neuberger Securitize High Income Tokenized Fund (HINC) on August 18, 2026, marking Neuberger Berman's first tokenized credit fund subadvisory and a significant institutional entry into on-chain credit markets.
- • HINC offers a high-yield bond, collateralized loan obligation, and leveraged loan mandate without leverage across four blockchain networks (Avalanche, Ethereum, Solana, and Sui), distributed via Securitize Markets to accredited investors and qualified purchasers only.
- • Neuberger Berman manages approximately $613 billion in total assets under management and $230 billion in fixed-income assets as of June 30, 2026; however, HINC's launch asset size was not disclosed, making subscription levels the key metric to monitor rather than platform-level figures.
- • The fund structure positions Securitize Capital LLC as adviser with full broker-dealer and blockchain infrastructure control, while Neuberger serves as subadviser managing the credit portfolio—a model that may indicate how large traditional asset managers adopt tokenization without building proprietary infrastructure.
- • Multi-chain distribution is a liquidity and access strategy, not a multi-strategy approach; accreditation gates and jurisdiction-based onboarding limit access to institutional buyers, preserving the fund's private-fund status rather than creating a retail token product.
Summary
Securitize announced on August 18, 2026, the launch of HINC, a tokenized credit fund subadvised by Neuberger Berman, marking the first tokenized fund offering from one of the industry's largest fixed-income asset managers. Neuberger manages approximately $613 billion in total assets and $230 billion in fixed-income assets as of June 30, 2026. The fund's mandate centers on high-yield bonds supplemented by collateralized loan obligations and leveraged loans, with no leverage employed at the fund level itself.
The fund's interests are issued on four public blockchains—Avalanche, Ethereum, Solana, and Sui—through Securitize's tokenization infrastructure. Securitize Capital LLC serves as the fund adviser, while Securitize Markets handles distribution to eligible accredited investors and qualified purchasers. According to Carlos Domingo, Securitize's chief executive, the multi-chain approach provides investors with access across four public networks operating on Securitize's tokenization rail. Importantly, this represents a distribution and liquidity choice rather than four separate investment strategies; all assets follow the same high-yield and credit mandate.
The structural arrangement reflects a clear division of labor within the tokenized fund ecosystem. Neuberger assumes the subadviser role, managing the credit portfolio and investment decisions, while Securitize retains control of the adviser seat, broker-dealer licensing, blockchain infrastructure, and custody operations. This model allows Neuberger to enter the tokenized credit market without developing proprietary tokenization or blockchain infrastructure capabilities—a potential template for how large traditional asset managers adopt blockchain distribution.
Access to HINC remains restricted to institutional and accredited participants. Onboarding and jurisdiction-specific compliance checks apply, positioning HINC as a private fund with tokenized settlement mechanics rather than a retail-accessible token product. Credit risks are inherent to the underlying high-yield, CLO, and leveraged-loan exposures. Additional operational risks include tokenization mechanics, custody protocols, and smart-contract execution—all of which will be documented in offering materials.
HINC's asset base was not disclosed at launch. For allocators evaluating the fund, subscription levels and chain-level issuance activity will serve as the primary metrics of traction, rather than aggregate platform assets managed by Securitize. This launch represents a proof point for institutional-grade fixed-income tokenization but does not yet constitute an assets-under-management event.
The fund's interests are issued on four public blockchains—Avalanche, Ethereum, Solana, and Sui—through Securitize's tokenization infrastructure. Securitize Capital LLC serves as the fund adviser, while Securitize Markets handles distribution to eligible accredited investors and qualified purchasers. According to Carlos Domingo, Securitize's chief executive, the multi-chain approach provides investors with access across four public networks operating on Securitize's tokenization rail. Importantly, this represents a distribution and liquidity choice rather than four separate investment strategies; all assets follow the same high-yield and credit mandate.
The structural arrangement reflects a clear division of labor within the tokenized fund ecosystem. Neuberger assumes the subadviser role, managing the credit portfolio and investment decisions, while Securitize retains control of the adviser seat, broker-dealer licensing, blockchain infrastructure, and custody operations. This model allows Neuberger to enter the tokenized credit market without developing proprietary tokenization or blockchain infrastructure capabilities—a potential template for how large traditional asset managers adopt blockchain distribution.
Access to HINC remains restricted to institutional and accredited participants. Onboarding and jurisdiction-specific compliance checks apply, positioning HINC as a private fund with tokenized settlement mechanics rather than a retail-accessible token product. Credit risks are inherent to the underlying high-yield, CLO, and leveraged-loan exposures. Additional operational risks include tokenization mechanics, custody protocols, and smart-contract execution—all of which will be documented in offering materials.
HINC's asset base was not disclosed at launch. For allocators evaluating the fund, subscription levels and chain-level issuance activity will serve as the primary metrics of traction, rather than aggregate platform assets managed by Securitize. This launch represents a proof point for institutional-grade fixed-income tokenization but does not yet constitute an assets-under-management event.
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