Newton Gitonga
Digital coins saw mild gains on Wednesday as the global crypto market cap surged 0.8% to $3.8 trillion.
The thriving SEI is among the altcoins leading the potential comeback, with a 7.55% price increase in the last 24 hours.
Meanwhile, SEI’s bullish performance has coincided with a crucial announcement from the project.
Today’s official blog confirms that the RWA platform KAIO has expanded its tokenized fund products on the Sei Network.
KAIO is now allowing investors to access Hamilton Lane’s Senior Credit Opportunities Fund, also SCOPE, through the SEI blockchain.
Hamilton Lane’s Tokenized SCOPE Fund is live on Sei.
Following BlackRock and Brevan Howard’s tokenized funds on Sei, a tokenized private credit fund from Hamilton Lane (Nasdaq: HLNE, $986B AUM) is now accessible on Sei via @KAIO_xyz.
RWAs Move Faster on Sei. ($/acc)
According to KAIO Chief Operating Officer Oliver Dang:
This launch marks another major milestone in institutional blockchain adoption.
By using the Sei Network, we’re bringing composable access to leading fund strategies entirely on-chain.
It’s the foundation for real-time, programmable, financial infrastructure built for the next era of investing.
Notably, this comes after BlackRock and Brevan Howard launched their tokenized funds on the Sei ecosystem.
Native token SEI traded in the green during the announcement.
It soared from $0.2133 to $0.2294 intraday high, a 7.55% increase in the past 24 hours.
Meanwhile, this strategic launch centers on the HL SCOPE Access Fund, which has brought SCOPE on-chain for the first time.
It boasts Hamilton Lane’s status as a recognizable private credit firm accessible through a blockchain setup designed for institutional investors.
Why does it matter for investors?
The SCOPE Fund by Hamilton Lane promises consistent cash flow and profits.
Users can expect stable returns even during volatile market situations.
With this senior private credit fund, investors can access multiple strategies and managers, with additional perks like monthly liquidity and quicker capital deployment – an uncommon offering in credit markets.
Hamilton Lane’s Head of Digital Assets, Victor Jung, highlighted their massive experience in private markets, spanning over three decades.
Moreover, the company has prioritized digital asset offerings for more than three years. Jung added:
KAIO’s integration with the Sei Network provides access to digitally native end investors that are increasingly looking to diversify their portfolio into private assets, and we are delighted to partner to bring access to our senior private credit platform on-chain.
SEI price outlook
The digital token traded in the green as bulls fight for control after last week’s 25% dip.
SEI is trading at $0.2197 after a brief dip from the intraday peak.
Technical indicators support SEI’s upside trajectory in the near-term.
For example, the 4H MACD displays green histograms after the 12 October bullish crossover.
Moreover, the Relative Strength Index at 42 suggests further rallies before Sei approaches overbought.
Nevertheless, bears still control SEI performance.
It is trading below the 50- and 100-day EMA on the 4-hour timeframe, confirming notable selling pressure.
Also, the altcoin requires massive volumes to sustain its upside in the short term.
Broader market sentiments remain crucial in influencing SEI price performance.
However, institutional interest from public companies like Hamilton Lane positions Sei for robust recoveries amid broad-based bull runs.
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