Neuberger Berman and Securitize have launched a tokenized fixed-income fund trading across Ethereum, Solana, Avalanche and Sui, according to an announcement posted August 18. The Neuberger Securitize High Income Tokenized Fund, ticker HINC, will be subadvised by Neuberger Berman, which manages roughly $558 billion in total firm assets as of September 2025.
Neuberger Berman's fixed-income platform oversees approximately $230 billion, according to the company. The fund's multi-chain architecture allows investors to hold and trade the same instrument across four separate networks. No launch size was disclosed.
Tokenized securities have drawn institutional capital as custodians, exchanges and asset managers work to compress settlement times and reduce operational overhead. Securitize, which issues and manages tokenized securities for issuers including BlackRock and Franklin Templeton, has built out infrastructure to register tokens under SEC Rule 144A and Regulation S for qualified investors. The company maintains a registry that tracks tokenized asset ownership across blockchains.
Fixed-income tokenization has lagged equity tokenization among traditional asset managers. Invesco's Bitcoin Futures Fund and iShares Bitcoin Trust hold digital assets natively, but most bond-market tokenization efforts remain small or confined to a single blockchain. BlackRock's iShares Bitcoin Trust tokenized fund launched on Ethereum in 2024 after the SEC approved Bitcoin spot ETFs. Franklin Templeton's on-chain money market fund, launched in 2024, trades on Polygon and other networks but remains limited to institutional subscribers.
Multi-chain deployment of a single fund introduces technical and operational complexity. Securitize must reconcile holdings across networks and manage bridge liquidity or wrapped token mechanics if investors migrate positions between chains. The choice of Sui and Solana, alongside Ethereum and Avalanche, reflects emerging demand from sovereign wealth funds and institutional investors in Asia and high-frequency trading venues seeking low-cost execution.
Neuberger Berman has committed capital to blockchain infrastructure: the firm became a validator on Solana in 2024 and has participated in funding rounds for tokenization platforms. This launch marks the firm's first direct offering of a tokenized fund product and the first time a $500 billion-plus asset manager has deployed a fixed-income vehicle across four separate networks simultaneously. Securitize holds registrations for tokenized offerings under both accredited and qualified investor tiers.
Whether Neuberger Berman meets minimum assets under management targets in HINC and whether multi-chain deployment sustains liquidity parity across all four networks will determine whether this structure becomes a template for other institutional issuers or remains a single-manager experiment.
