What happened
- Specific facts/numbers: The product is a tokenized feeder fund on Solana for the Schroders International Selection Fund Emerging Market Bond; Schroders is described as having more than $1 trillion in assets under management, the underlying Luxembourg UCITS sub-fund has $2.3 billion in assets, subscriptions and redemptions are settled in USDC, and the minimum for non-US professional investors is $100,000.
- Institutions involved: Centrifuge launched the product through its asset-management affiliate Anemoy, with Schroders as the underlying fund manager and Solana as the blockchain network.
- Regulatory/technical context: The structure is a wrapper rather than direct tokenization of the Luxembourg fund itself: an Anemoy BVI fund cell holds shares in Schroders’ existing Luxembourg UCITS sub-fund, continuing Centrifuge’s feeder-fund model previously used with Apollo and New York Life Investment Management.
- What to watch next: Watch whether Centrifuge expands this feeder-fund approach to more large asset managers and whether assets gather meaningfully in this Schroders-linked vehicle; no specific next milestone was identified.
Why it matters
This shows how tokenization platforms are bringing established mutual-fund strategies onchain quickly by wrapping existing regulated funds instead of waiting to tokenize the underlying vehicle itself.
HKMA Relevance
Indirect: The launch reflects a tokenized-funds model that Hong Kong asset managers and banks may monitor, but no HKMA action or Hong Kong market infrastructure is directly involved.