Flow Capital Partners plans to offer its $150m private credit fund on a Singapore-based blockchain platform, marking one of the first moves by an Asian asset manager into tokenised private credit, according to the firm.
The Hong Kong-based manager will list the fund on DigiFT Tech Pte. by month-end, enabling it to raise an additional $30m in tokenised shares by year-end. The fund, launched in June, is targeting growth to $250m by the end of 2026, according to CIO Jacky Tian.
The initiative places Flow alongside global firms such as Apollo Global Management and Invesco, which have also begun experimenting with blockchain-based fund structures that allow investors to access private credit exposure via stablecoins.
Tokenisation involves issuing digital representations of traditional financial assets on blockchain infrastructure, enabling fractional ownership and potentially broader investor access. In Asia, most tokenised funds to date have focused on lower-risk money market strategies, while private credit offerings typically target higher-yield lending opportunities with greater risk.
The move comes as the private credit sector faces increasing pressure from higher interest rates, rising default risks and liquidity constraints that are testing fund resilience and redemption capacity across parts of the market.
Flow said it remains confident in its strategy, citing a focus on collateral-backed lending and its selection of an established blockchain platform to support the fund structure.
