Neuberger Berman, an asset manager overseeing $613 billion, has entered the tokenization space by subadvising a new high-yield fixed-income fund in partnership with Securitize. In a departure from typical single-chain institutional launches, this fund will be natively issued across four major blockchains: Ethereum, Solana, Avalanche, and Sui. The strategy aims to capture diverse liquidity pools and leverage the specific performance advantages of each network, such as Solana’s high throughput and Ethereum’s established security.
This development occurs as U.S. institutional interest in 'Real World Assets' (RWA) reaches a fever pitch, even as regulatory clarity remains a work in progress. By utilizing Securitize's platform, Neuberger Berman is navigating the U.S. regulatory environment to offer on-chain yield products that satisfy institutional compliance standards. The inclusion of non-EVM chains like Sui and Solana highlights a growing geopolitical and technical diversification in how Wall Street views blockchain infrastructure, moving away from a one-size-fits-all approach.
For investors and traders, this is a significant validation of the long-term utility for the participating Layer 1 networks. The move is expected to drive increased on-chain TVL and transaction volume for the selected blockchains. Market participants should watch for capital inflow metrics into the fund and whether this multi-chain model becomes the new industry standard for other asset managers like BlackRock or Fidelity looking to scale their digital asset footprints.