Securitize, Neuberger launch tokenized fund on Sui and 3 other blockchains

Securitize (NYSE: SECZ) and U.S. asset manager Neuberger Berman have launched HINC, a tokenized high-yield bond investment fund, on Sui (SUI), Avalanche (AVAX), Ethereum (ETH) and Solana (SOL). HINC is an actively managed bond strategy focused mainly on high-yield bonds and offered on-chain. Sui said the HINC launch expands the range of institutional financial products available on its blockchain. Sui added that HINC marks the first tokenized fund in which Neuberger, which manages more than $230 billion, is participating as a sub-adviser, while Securitize provides compliance-focused tokenization infrastructure.