Schroders brings an emerging-market bond fund to Solana
Why it matters
Schroders is putting an emerging-market bond strategy on the Solana blockchain with Centrifuge, taking tokenised funds beyond cash and short-term Treasuries into riskier debt.
The short version
Schroders, the London asset manager, said on Wednesday it is bringing its emerging-market bond strategy to the Solana blockchain through tokenisation firm Centrifuge, according to CoinDesk. Investors will hold tokenised shares in a feeder fund that invests in the main fund. It is Schroders' first product on Solana.
Here's what happened. Schroders, the London asset manager, is putting an emerging-market bond strategy on the Solana blockchain, CoinDesk reported on Wednesday. It is working with Centrifuge, a firm that turns funds into tokens, on the Schroder International Selection Fund Emerging Market Bonds strategy.
How it works: a feeder fund, a fund that simply invests in another fund, has an onchain share class and puts its money into Schroders' main emerging-market bond fund. Investors hold tokenised shares in the feeder, and their value tracks the fund's net asset value.
Why it stands out: most tokenised funds so far hold cash or short-term government debt. Tokenised Treasuries and money market funds make up $14bn of the $39bn tokenised real-world asset market, according to RWA.xyz figures cited by CoinDesk. Emerging-market debt brings a very different kind of risk.
Schroders oversaw £867.8bn at 30 June, according to its website, and joined forces with Nuveen on 1 October. In August it won approval in Ireland for its first tokenised money market fund share class. Centrifuge has more than $750m in tokenised assets, CoinDesk said.
Where this comes from
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