The HLSCOPE credit fund allocates 5% into the synthetic stablecoin deUSD.

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The HLSCOPE fund of Hamilton Lane, encrypted through the Securitize platform and investing in secured private credit, will allocate up to 5% of its assets into deUSD — a synthetic stablecoin managed by Elixir that offers yield. deUSD is collateralized by assets such as stETH and sDAI to maintain a value peg to USD without the need for a 1:1 cash reserve.

Securitize stated that deUSD will serve as the onchain payment layer for HLSCOPE, helping to increase liquidity and shorten payment times. Elixir will also hold a portion of HLSCOPE to support the conversion of deUSD and ensure liquidity.

The fund currently has total assets of approximately 9 million USD, primarily on Polygon, and is part of the trend of tokenizing real assets that is increasingly being participated in by large organizations such as BlackRock.

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