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Securitize launches tokenized high-yield credit as Loopscale collateral
The HINC fund, which launched Aug. 18 on multiple chains, lets eligible investors borrow USDG without redeeming shares, with credit spread moves driving the collateral mark.
Securitize's tokenized high-yield credit fund, the Neuberger Securitize High Income Tokenized Fund (HINC), is live as collateral on Loopscale, enabling eligible investors to borrow the USDG stablecoin against their HINC shares without redeeming the position, according to The Defiant.
The setup brings sub-investment-grade corporate credit into an onchain lending market that has relied heavily on Treasuries, government money-market funds, and investment-grade paper. Because HINC is actively marked based on credit spreads and rating migrations, Loopscale is underwriting a collateral value that can fall as credit conditions change, and it only allows buy and hold via allowlisted wallets.
HINC launched Aug. 18 on Avalanche, Ethereum, Solana, and Sui, holding mostly high-yield corporate bonds and a CLO tranche sleeve that can make up zero to 30% of the portfolio. Neuberger Berman Investment Advisers serves as sub-adviser, and the fund has a 0.60% annual total expense ratio with a $100,000 minimum subscription for accredited investors and qualified purchasers.
Loopscale reported $91.3 million in total value locked and $55.9 million in active loans, up 7.1% over the past 30 days. The protocol previously saw a $5.8 million exploit in April 2025, two weeks after its own launch, and it says it returned funds after agreeing a bounty with the attacker.
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