The launch marks a step in the evolution of private markets accessibility, using blockchain-based distribution models to deliver a more efficient, transparent and flexible investment experience for investors in Europe, the Middle East, Asia and Latin America. The tokenized GPA share class will be available through the Allfunds platform, supported by Allfunds Blockchain as the technology provider and Apex Group as transfer agent, enabling end-to-end digital subscription, administration and servicing.

As part of the agreement, initial investor BBVA Asset Management will benefit from an exclusive distribution period, reinforcing the bank’s commitment to innovation and to having an active role in exploring new digital distribution models for private market assets in Europe.

The initiative uses the combined capabilities of Allfunds Blockchain and Apex Group to deliver:

-- Operational efficiency across subscriptions, transfers and fund administration;

-- Reduced friction and lower costs in cross-border distribution;

-- Greater flexibility in distribution models and shareholding management; and

-- Enhanced transparency and auditability through blockchain technology.

With this launch, Hamilton Lane is building on a track record of broadening access to private markets, including through technological innovation, and it is continuing to play a role globally in the tokenization and digitalisation of private markets products. GPA is an evergreen fund designed to provide investors with a diversified exposure to private equity through a single commitment. It aims to generate capital appreciation over the medium and long term through investments in private assets globally, while solving some of the challenges of a traditional private markets fund.

“Further advancing our effort to broaden access to private markets through technology, the launch of this tokenized share class seeks to bring the diversification benefits of private markets to new and existing audiences in a cheaper, better and faster way,” Juan Delgado, co-CEO at Hamilton Lane, said. “Working with established partners like Allfunds Blockchain and Apex Group has enabled us to deliver an efficient and scalable offering, and we are pleased to welcome BBVA as the first investor in this initiative.”

“This project showcases how blockchain can bring real, tangible efficiencies to the fund industry,” Rubén Nieto, managing director at Allfunds Blockchain, added. “Our collaboration with Hamilton Lane and Apex Group enables a new digital operating model that simplifies distribution, enhances transparency, and ultimately benefits both managers and investors.”