TheBlock
Securitize launched the Neuberger Securitize High Income Tokenized Fund (HINC) on Tuesday, giving qualified investors their first onchain access to a Neuberger Berman-managed high-yield fixed-income strategy. The fund deploys simultaneously across Avalanche, Ethereum, Solana and Sui, with Securitize Capital LLC serving as investment adviser and Neuberger subadvising the portfolio. Neuberger Berman brings $230 billion in AUM to the partnership.
Why it matters
Neuberger is one of the largest private, employee-owned asset managers in the world, and HINC marks its first engagement as subadvisor to a tokenized fund. That is a meaningful precedent: high-yield bond strategies are harder to wrap into a tokenized wrapper than Treasury bills or money-market funds, because the underlying instruments trade over the counter with less price transparency and longer settlement cycles. Landing this asset class onchain, with a major active manager behind portfolio construction, is a tighter test of whether tokenization can move beyond vanilla fixed-income products.
Securitize itself is freshly upgraded for this role. Last month the firm registered as an investment adviser with the U.S. Securities and Exchange Commission, an approval that lets its Securitize Capital LLC subsidiary work directly with asset managers on tokenized strategies. The HINC vehicle is gated to eligible accredited investors and qualified purchasers, with KYC, AML and jurisdictional checks handled through Securitize's platform.
Market impact
HINC lands into a tokenization field that has been quietly broadening beyond the Treasury and money-market funds that dominated the first wave. Securitize reported $3.4 billion in tokenized AUM and Q1 revenue of $19.5 million, up nearly 40% year over year. The firm went public as SECZ on July 2, debuting simultaneously on the NYSE and onchain. Adding a Neuberger-managed high-yield book on four chains simultaneously pushes the addressable asset class further up the risk curve, and it gives the four underlying networks a real benchmark for active fixed-income flows rather than passive yield wrappers.
Frequently asked questions
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What is HINC?
HINC is the Neuberger Securitize High Income Tokenized Fund, a high-yield fixed-income vehicle launched on Avalanche, Ethereum, Solana and Sui with Neuberger as subadvisor and Securitize Capital LLC as investment adviser.
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Who is Neuberger Berman?
Neuberger Berman is a global, employee-owned investment manager with $230 billion in AUM. HINC marks its first role as subadvisor to a tokenized fund.
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What chains does HINC run on?
HINC deploys simultaneously across Avalanche, Ethereum, Solana and Sui. Securitize's platform handles the tokenization and distribution layer for the vehicle.
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Who can invest in HINC?
HINC is gated to eligible accredited investors and qualified purchasers, subject to KYC, AML and jurisdictional checks handled through Securitize.
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What does this mean for the broader tokenization market?
It pushes tokenization further up the risk curve from cash-equivalent products. High-yield bonds trade over the counter with less price transparency than T-bills, so an actively managed credit book on four chains is a tighter test of whether tokenization can scale beyond passive yield wrappers.
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