Hong Kong’s Flow Capital taps DigiFT to migrate $150M credit fund to blockchain
Flow Capital Partners is set to bring its $150 million private credit fund to the DigiFT tokenization platform by the end of April.
- Flow Capital Partners will move its $150 million private credit fund onto the DigiFT tokenization platform by the end of April as part of a plan to reach $250 million in assets by 2026.
- Total market capitalization for real-world assets climbed to a record $58 billion this month, with Ethereum-based tokenization alone growing 200% year-over-year.
Bloomberg reported Friday that the Hong Kong-based asset manager will offer on-chain shares of the fund, which originally debuted in June 2025. Management also intends to secure a further $30 million in tokenized investment by the end of this year.
Such initiatives highlight a growing trend where traditional financial products are being replatformed onto public blockchains to tap into 24/7 liquidity.
Global demand for these instruments has pushed the total real-world asset (RWA) market capitalization to a record $58 billion as of mid-April, according to data from CoinGecko.
Scaling on-chain private credit
Jacky Tian, chief investment officer of Flow Capital, said the company intends to scale the fund to $250 million by the end of 2026.
The move follows successful entries into the space by major institutions like BlackRock, whose BUIDL fund has become a primary vehicle for on-chain Treasuries, and JPMorgan, which opened its MONY money-market fund to external investors after an initial $100 million internal seeding.
Ethereum serves as a primary hub for this activity, with its specific RWA market cap climbing over 200% year-over-year to $19.3 billion.
Bitfinex analysts pointed out in a recent report that the current market evolution centers on infrastructure, noting that on-chain assets provide “real-time transfer, global auditability, and improved transparency” when compared to traditional settlement rails.
Beyond private credit, tokenized commodities have reached a $7 billion valuation, with gold-backed tokens like Tether Gold (XAUt) serving as a dominant benchmark.
New products covering soybeans, natural gas, and green energy credits are also emerging as active collateral layers for both decentralized and traditional finance protocols.
“Over $25bn in real-world assets (RWAs) have been tokenised, and most of it sits idle, earning nothing,” Bitfinex said.
Linking these assets to lending and structured products is expected to gain pace as the stablecoin market—now valued at over $315 billion—continues to provide the necessary settlement liquidity.
