Key Takeaways
- • Schroders, which oversees approximately $1.1 trillion, launched a tokenized emerging markets bond fund on Solana through Centrifuge, its first deployment on the blockchain.
- • The fund is the Schroder International Selection Fund Emerging Market Bond strategy (SISF), giving onchain exposure to sovereign and corporate emerging markets debt.
- • Investors hold tokenized shares in a feeder fund that invests in Schroders' underlying bond strategy rather than owning bonds directly.
- • Schroders has managed emerging markets debt for more than 50 years, with over 40 investment professionals across sovereign, corporate and local currency strategies.
- • The launch follows the NYSE's announced agreements with Broadridge, Computershare, Equiniti and Superstate for its planned tokenized securities platform, reflecting broader institutional interest in tokenization.
Summary
Rather than directly owning the underlying bonds, investors hold tokenized shares in a feeder fund that invests in Schroders' underlying bond strategy. The structure extends blockchain-based investment products beyond tokenized Treasuries and money market funds, which have so far dominated onchain fixed income. Schroders has managed emerging markets debt for more than 50 years, with more than 40 investment professionals specializing in sovereign, corporate and local currency strategies.
Anil Sood, chief strategy and growth officer at Centrifuge, said that "Emerging markets debt introduces a fundamentally different source of risk and return," noting that onchain fixed income has largely focused on cash and short-duration government securities. Centrifuge states that Solana hosts more than $4 billion in tokenized real-world assets, and the platform aims to make institutional strategies accessible for financial applications, collateral and fund distribution.
The launch comes amid growing institutional interest in tokenized financial assets, including equities. Earlier in the same week, the New York Stock Exchange announced agreements with Broadridge, Computershare, Equiniti and Superstate to support its planned tokenized securities platform, joining existing partners Securitize and tZERO.
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