Credit: Freepik

KKR's $491 billion healthcare fund is tokenized on Avalanche.

Credit: Freepik

Securitize Capital plans to tokenize KKR's Health Care Strategic Growth Fund II using the Avalanche blockchain (HCSG II). KKR oversees $491 billion.

Credit: Freepik

KKR announced the tokenization of HCSG II on Tuesday, and Securitize Capital Head Wilfred Daye called it a "major milestone" for individual access to private equity markets.

Credit: Freepik

Using this tokenization, investors have the opportunity to acquire a fractional ownership in a healthcare fund with a total asset value of $4 billion.

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The fund is distributed over 23 companies in North America and Europe that specialize in medicines, medical devices, and life sciences.

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Investors who wish to participate in the HCSG II Fund through the Securitize protocol must submit a passport scan, personal and tax information,

Credit: Freepik

And a "liveness check" before their applications may be approved. Investors must additionally pay a 0.50% management fee.