Institutional capital is moving onchain as private credit and money-market funds adopt tokenized structures
Asset managers are increasingly turning to blockchain rails to distribute familiar products. Private credit, once limited to institutional circles, is now entering tokenized markets. Hong Kong-based firms are among those pushing this transition forward.
Flow Capital Targets $30M Tokenized Raise in Onchain Credit Push
Hong Kong-based firm Flow Capital Partners plans to offer shares of its $150 million private credit fund onchain through DigiFT. According to Bloomberg, the company intends to make the fund accessible on blockchain networks before the end of April. Management is also targeting an additional $30 million in a tokenized share raise later this year.
Originally launched in June 2025, the fund will also target an additional $30 million raise through tokenized shares later this year. Management aims to expand total assets to $250 million by the end of 2026, according to a release.
Interest in tokenized real-world assets continues to rise as investors seek faster settlement and round-the-clock market access. Market data shows the sector has reached a record $29 billion in capitalization at press time
Traditional Finance Giants Expand Into Blockchain-Based Funds
Tokenization of traditional finance products is gaining traction among major institutions. Asset managers and banks are increasingly shifting conservative instruments like money-market funds onto blockchain rails.
BlackRock has positioned its BUIDL fund as a leading tokenized Treasury product, offering onchain exposure to U.S. government-backed assets. Built on blockchain infrastructure, the fund allows investors to hold and transfer tokenized shares with continuous market access.
Meanwhile, JPMorgan entered the sector with its MONY money-market fund on Ethereum. The product launched in December with a $100 million internal allocation before opening to external investors, marking a step toward broader participation in tokenized finance.
