Flow Capital puts $150 million in private credit funds on the blockchain

CoinFeed reported on April 17th, citing Bloomberg, that Hong Kong-based alternative asset management firm Flow Capital Partners plans to put its $150 million private credit fund on the blockchain through Singapore-based DigiFT, becoming one of the first fund management companies in Asia to utilize stablecoin liquidity. Launched last June, the fund plans to raise an additional $30 million through tokenized shares by the end of this year, aiming to expand its size to $250 million with a target net return of 12%. While the private credit market is facing challenges from borrowers under high interest rate pressure, rising default rates, and liquidity stress, Flow stated that its investments are primarily focused on mortgage lending and it is not concerned about the risks.