Global investment management firm Invesco has teamed up with Singapore-based DigiFT to launch its first tokenized private credit fund, marking the company's entry into digital asset innovation.
The partnership enables Invesco, which manages $1.9 trillion in assets, to offer tokenized versions of its senior private credit fund through DigiFT's regulated platform. This move comes as major asset managers increasingly embrace fund tokenization, following similar initiatives by Franklin Templeton and BlackRock.
The new offering allows accredited and institutional investors to participate with a minimum investment of $10,000 - substantially lower than traditional private credit funds. Through a special purpose vehicle (SPV), investors can use either stablecoins or fiat currency to invest in the underlying fund.
A key feature of the tokenized fund is its daily redemption capability, rare among Asian private credit funds which typically offer monthly redemptions. DigiFT plans to enhance liquidity further by introducing an on-chain liquidity pool, allowing near-instant redemptions through a price-adjusted mechanism.
"Fund tokenization is one of the most remarkable trends," said Noelle Lim, Invesco's CEO of Singapore, highlighting how distributed ledger technology is transforming asset management.
For DigiFT, this marks their second major partnership following their role as the first distribution partner for UBS's tokenized money market fund, uMint. The company operates under Singapore's regulatory framework with both capital markets and market operator licenses.
DigiFT's CEO Henry Zhang emphasized three key criteria for tokenization opportunities: legal compliance, technical feasibility, and commercial viability. The platform aims to expand functionality to include asset pledging as collateral and enhanced composability features.
Private credit continues to gain traction in the tokenized asset space, with firms like Figure and Tradable already managing billions in tokenized loans and credit assets.