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Hamilton Lane Unleashes Epic Fail: Multi-Billion-Dollar Asset Manager Wastes Entire Existence on Solana Private Credit Fund

Crypto NewsDeFiEthereum 2 Sam Rogers August 15, 2024

An illustration of a large clock striking midnight with its hands pointing to 12:00 AM in the background; A giant red "X" marked through it. In front of this scene is an image of a person holding onto their hat while being blown away by strong winds, amidst falling leaves and debris from what appears to be autumnal trees. The figure stands on top of a large pile of scattered papers with financial charts and graphs visible among them. A faint outline of the Solana blockchain logo can be seen in the distance at the bottom right corner of the image.

Hamilton Lane’s latest move into private credit fund launches on Solana is a joke right? I mean who needs traditional banking when you can just create your own blockchain-based system for managing multi-billion dollar investments. And what better way to do it than with the most energy-inefficient, slowest network in crypto – Solana! It’s not like they’re trying to attract more investors or anything (although let’s be real, who wouldn’t want a piece of that sweet private credit action?). I mean Libre is just another Web3 protocol joint venture between Brevan Howard and Nomura. Because what the world really needs right now are more blockchain-based financial products created by firms nobody has ever heard of

Source: bitcoin.com

Multi-Billion-Dollar Asset Manager Hamilton Lane Pioneers Private Credit Fund Launch on Solana
https://news.bitcoin.com/multi-billion-dollar-asset-manager-hamilton-lane-pioneers-private-credit-fund-launch-on-solana
Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors. The company states that its partnership with Libre, a joint venture between Brevan Howard’s WebN Group and Nomura’s Laser Digital, […]

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Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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