Hamilton Lane has hired its first head of digital assets to develop and oversee strategy relating to blockchain technology and its integration into products and services.
Victor Jung joins the Conshohocken, Pennsylvania-based alternative asset manager after serving as the head of distributions and liquid private markets for the Asian business of Zug, Switzerland-based money manager Partners Group.
In that role he oversaw business development strategies and led the onboarding of its first three wealth technology platforms. Previously, he served as an associate on the global real estate investment team at Seoul, South Korea-based asset manager KB Asset Management.
Jung reports to Hamilton Lane’s Chief Risk Officer and Global Head of Operations Frederick Shaw. According to Shaw, Jung will work with him to analyze blockchain technology as a way to create efficient access for investors to the firm’s products.
In March Hamilton Lane announced a partnership with Singapore-based digital securities exchange ADDX to tokenize a class of shares issued by the firm’s latest global private assets fund, according to a press release. The partnership allows ADDX investors access to Hamilton Lane’s fund at a starting ticket size of $10,000, significantly lower than the $125,000 minimum for investors using traditional fund access channels.
Shaw said he could see the blockchain team “expanding dramatically” in size if the private markets ecosystem fully integrates blockchain into its operations.