Securitize and Neuberger launched HINC, a tokenized high-yield bond fund with CLO and leveraged loan exposure, now live on Avalanche, Ethereum, Solana and Sui.
Tech & Launches ·
Securitize and Neuberger have launched HINC, a tokenized fund concentrated in high-yield bonds with secondary exposure to collateralized loan obligations and leveraged loans. The product is now live across Avalanche, Ethereum, Solana, and Sui for eligible investors, marking a shift in tokenized real-world assets toward higher-risk credit instruments.
Unlike tokenized Treasury products, which demonstrated blockchain's capacity to distribute simpler yield-bearing assets, high-yield credit introduces material credit, liquidity, and mark-to-market risks that complicate the onchain experience. The underlying debt instruments carry genuine default and valuation uncertainty that tokenization does not resolve; the relevant question is whether distributed ledger infrastructure can improve access, settlement, and collateral mobility while preserving—rather than obscuring—the true risk profile of these assets.
The multi-chain rollout across four major networks suggests that public blockchains may evolve into competing financial distribution channels rather than pursuing ecosystem lock-in. Whether HINC and similar offerings can meaningfully expand credit access without creating false certainty around volatile assets remains an open test of tokenization's viability beyond the lowest-risk segment of fixed income. The fund remains subject to securities, jurisdictional, liquidity, and credit risks.