Hong Kong-based asset manager Flow Capital Partners is set to migrate its $150 million private credit fund onto the DigiFT tokenization platform by the end of April. This move will make on-chain shares of the fund available to investors, marking a significant step in the tokenization of complex financial products beyond simple Treasury instruments.
The fund, which originally debuted in June 2025, is part of a broader strategy to scale the vehicle to $250 million in assets by the end of 2026. Management also intends to secure an additional $30 million in tokenized investment by the end of this year, treating the blockchain migration as a live capital-raising channel rather than a symbolic pilot project.
This initiative underscores the accelerating trend of traditional financial products being replatformed onto public blockchains to access 24/7 liquidity and improved operational efficiency. Jacky Tian, Chief Investment Officer of Flow Capital, emphasized the firm's intent to scale the fund, highlighting a clear business target for the tokenization effort.
The news arrives as the total market capitalization for tokenized real-world assets (RWAs) climbed to a record $58 billion in mid-April, according to CoinGecko. Ethereum serves as a primary hub for this activity, with its specific RWA market cap surging over 200% year-over-year to $19.3 billion. The development follows successful entries into the space by major institutions like BlackRock, with its BUIDL fund for on-chain Treasuries, and JPMorgan, which opened its MONY money-market fund to external investors.
Analysts from Bitfinex noted that the current market evolution centers on infrastructure, with on-chain assets offering "real-time transfer, global auditability, and improved transparency" compared to traditional settlement rails. The report also pointed out that over $25 billion in tokenized RWAs currently sit idle, and linking these assets to lending and structured products is expected to gain pace as the stablecoin market—valued at over $315 billion—provides necessary settlement liquidity.
