Ted Hisokawa
Apr 17, 2026 12:54
Hong Kong credit score supervisor Movement Capital plans to tokenize its $150M non-public credit score fund by means of DigiFT, concentrating on $30M in new capital by year-end.
Movement Capital Companions will tokenize its $150 million non-public credit score fund by means of Singapore-based platform DigiFT by month’s finish, Bloomberg reported Friday. The Hong Kong credit score supervisor goals to boost a further $30 million in tokenized shares by December 2026, in line with chief funding officer Jacky Tian.
The elevate would push the fund towards its $250 million goal, with projected internet returns of 12%. Movement Capital launched the fund in mid-2025 with $125 million in seed capital.
TradFi Giants Already Enjoying This Sport
Movement Capital joins an more and more crowded discipline of conventional finance gamers experimenting with blockchain-based fund distribution. BlackRock launched BUIDL, its tokenized treasury fund on Ethereum, again in March 2024. JPMorgan adopted with its MONY tokenized money-market fund in December 2025.
The broader tokenized asset market has been gaining momentum. Whole worth throughout all tokenized real-world belongings hit $29.9 billion as of Friday—up 9.6% over the previous 30 days, in line with RWA.xyz knowledge. Tokenized US treasury debt dominates at $13.7 billion, adopted by commodities at $5.4 billion and asset-backed credit score at $3.2 billion.
Do not Confuse Tokenization With Liquidity
Trade veterans are pushing again on inflated expectations round what tokenization truly delivers.
“There’s nonetheless this concept that tokenizing one thing illiquid will by some means magically make it a liquid asset, which is simply not true,” Oya Celiktemur, Ondo Finance’s European gross sales director, mentioned at Paris Blockchain Week 2026.
Francesco Ranieri Fabracci, Tether’s head of tokenization enlargement, echoed the purpose however famous sure devices—bonds, cash market funds, stablecoins—will seemingly see constant liquidity on blockchain rails. Personal credit score, with its longer lock-up intervals and complicated constructions, would not fall neatly into that class.
What This Means for the Market
Movement Capital’s transfer indicators continued institutional urge for food for blockchain distribution channels, even for historically illiquid asset lessons. The true check will not be whether or not they can tokenize the fund—DigiFT handles the technical carry. It is whether or not they can truly discover $30 million price of consumers comfy holding tokenized non-public credit score publicity by means of year-end.
Look ahead to extra mid-sized credit score managers following this playbook as tokenization infrastructure matures and regulatory readability improves throughout Asia.
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