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KKR dives into Avalanche blockchain to tokenize and ‘democratize’ financial services


As institutions continue to dip their toes into the world of digital assets, KKR & Co. is the latest to enter the space by tokenizing a part of one of its private equity funds — a step that may provide institutional private market strategies to more individual investors.
“We’re big believers in blockchain technology and the role it’ll play in shaping future private markets,” Dan Parant, managing director and co-head of U.S. private wealth at KKR, said to TechCrunch.
KKR is one of the biggest investment management firms in the U.S., with $491 billion in assets under management as of June 30.
The fund, KKR’s Health Care Strategic Growth Fund II (HCSG II), which provides e …

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