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Schroders brings an emerging markets bond fund to Solana with Centrifuge, its first deployment on the network
Summary
London-based asset manager Schroders is working with tokenization firm Centrifuge to put its Schroder International Selection Fund Emerging Market Bond strategy on the Solana blockchain, its first deployment on that network, CoinDesk and The Block reported.
The strategy invests in sovereign, corporate and local-currency debt from emerging economies, and The Block said the launch pushes tokenized real-world assets beyond cash and short-term government securities into actively managed strategies.
CoinDesk said the product is legally a feeder fund with an onchain share class: investors hold tokenized shares in the feeder, which invests in Schroders' underlying bond fund, with share values tracking its net asset value.
Schroders oversaw $1.1 trillion in assets as of June, according to CoinDesk; The Block described it as a $1 trillion-plus manager.
Key facts
- "Emerging markets debt is an asset class where experience, local insight and active management are particularly important," said John Mensack, senior investment director for fixed income at Schroders.
- Centrifuge has more than $750 million in tokenized assets on its platform, CoinDesk reported.
- Tokenized Treasuries and money market funds still make up $14 billion of the $39 billion tokenized real-world asset market tracked by RWA.xyz, CoinDesk said.
- Schroders won Irish regulatory approval in August for its first tokenized share class of a U.S. dollar money market fund, Schroders Onchain Active Returns (SOAR).
- New York Life Investment Management has also used Centrifuge to launch a tokenized high-yield corporate bond fund, The Block reported.
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