“Until now, onchain fixed income has largely been built around cash and short-duration government securities,” said Anil Sood, chief strategy and growth officer at Centrifuge. “Emerging markets debt introduces a fundamentally different source of risk and return.”
Centrifuge, with more than $750 million in tokenized assets on its platform, provides the infrastructure to issue and manage those assets. SISF is legally a feeder fund with an onchain share class. It invests in Schroders’ Emerging Market Bond Fund, and investors hold tokenized shares in the feeder rather than directly in the Schroders fund
“As the digital financial ecosystem develops, we also recognise the importance of bringing relevant emerging markets debt opportunities onchain, helping to make the asset class more accessible and fit for the future,” John Mensack, senior investment director of fixed income at Schroders, said in a statement.
The move marks Schroders’ debut on the Solana blockchain, though it’s not firm’s first tokenization initiative. Schroders obtained in August regulatory approval in Ireland for its first tokenized share class of a U.S. dollar money market fund, dubbed Schroders Onchain Active Returns (SOAR).
“The arrival of an asset manager like Schroders marks a new stage for onchain capital markets,” Nick Ducoff, head of institutional growth at the Solana Foundation, said in a statement. “We are moving beyond tokenized cash products toward a market where sophisticated, actively managed strategies can be issued, distributed and integrated on public blockchain infrastructure.”