"We are a B2B investment firm, and this is a good way for us to service retail investors," Kruse said. Kruse also touted tokenization as a process that improves efficiency, liquidity and helps lower operational costs.
The vehicle will offer exposure in a 'fund of funds' structure to various existing Lazard-managed funds focused on global equities and emerging market equities, which have been available only to professional investors and institutions before, Matthias Kruse, managing director at Lazard, told CoinDesk.
Tokenization of real-world assets (RWA) is a rapidly growing sector in the intersection of digital assets and traditional finance that involves placing assets such as bonds, credit and funds on blockchain rails.
Lazard is the latest among traditional financial players jumping on the asset tokenization trend, planning to create tokenized funds with Bitfinex Securities and SkyBridge Invest.
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