Fasanara Capital partners with fintechs to tokenise private debt investments
Fintech companies Sygnum and Float have partnered with credit fund Fasanara Capital to provide tokenised access to private debt markets.
Stockholm-based Float is a capital-as-a-service company and has launched the Float Token in partnership with Sygnum bank on the Polygon blockchain. It gives Sygnum’s clients the opportunity to invest alongside Fasanara Capital, a UK-based fintech-focused credit fund manager.
The token has a maturity of 18 months with a fixed annual interest rate of 14 per cent and quarterly interest payments. It provides exposure to a portfolio of small-and-medium enterprise loans to European technology businesses.
Investors can also take advantage of Sygnum’s secondary market, SygnEx if they need liquidity. The tokenisation provides ease of transferability and lower ticket sizes for investors.
“The Float Token marks the first time a high-yielding private market instrument is being made widely available to investors through tokenisation,” said Fatmire Bekiri, Sygnum’s head of tokenisation. “This project emphasises Sygnum’s strategic focus on making private market assets more easily accessible and investable. It is only the first issuance with more to follow.”
Fasanara Capital manages more than $4bn in assets in fintech strategies. Founded in 2011, the group employs over 200 people and runs liquid alternative credit funds.
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Francesco Filia, chief executive and co-founder of Fasanara Capital, commented: “Tokenised debt markets are on the cusp of going mainstream and we expect this asset class to reach USD 3.5 trillion by 2030. This partnership is a breakthrough for tokenisation and we are dedicated to bringing even more debt on-chain. We are proud to support bringing Float’s high-performing debt portfolio into Sygnum’s market-leading environment.”
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