HedgeCo.Net — Securitize announced on August 18 the launch of the Neuberger Securitize High Income Tokenized Fund, or HINC. It is Neuberger’s first tokenized-fund subadvisory. The mandate is primarily high-yield bonds, with collateralized loan obligations and leveraged loans in the mix. Securitize’s product page says the fund does not use leverage. Interests are issued on Avalanche, Ethereum, Solana, and Sui. Securitize Capital LLC is the adviser. Securitize Markets will offer the fund to eligible accredited investors and qualified purchasers.
Neuberger is employee-owned. The same announcement put firm assets under management at about $613 billion and fixed-income assets at more than $230 billion as of June 30, 2026. Those are manager-scale figures. They are not HINC’s size. HINC’s assets were not disclosed. Carlos Domingo, Securitize’s chief executive, said the four-chain issue is meant to give eligible investors access through four public networks on Securitize’s tokenization rail.
A first tokenized subadvisory from a large fixed-income shop is the allocator fact. Neuberger is not launching a proprietary token. It is running the credit book as subadviser while Securitize holds the adviser seat, the broker-dealer offer, and the chain plumbing. High-yield plus CLOs and loans, without leverage, is a familiar income sleeve in a new wrapper. Four chains is a distribution choice, not four strategies.
For private-credit allocators the diligence is the wrapper and the buyer set. Accredited investors and qualified purchasers, subject to onboarding and jurisdictional checks, is a private-fund gate, not a retail token. The credit risk is high-yield, CLO, and leveraged-loan risk. The extra risk is tokenization, custody, and smart-contract operations, which the offering documents will have to carry. Do not read the $613 billion or the $230 billion as a statement about how much sits in HINC.
The second-order question is how many large fixed-income managers will rent a tokenization platform rather than build one. Neuberger took the subadviser seat. Securitize took the rest. Until HINC reports a net-asset figure, this is a launch, not an assets-under-management event. Watch subscriptions and chain-level issuance, not a platform figure that belongs to Securitize’s broader book.