(17 April 2026) — Flow Capital Partners has deployed close to $200 million since inception, and it plans to offer its private credit fund on a Singapore-based blockchain platform by month end, positioning itself among the first Asian credit managers to tap growing stablecoin liquidity.
The Hong Kong-based alternative asset manager will make its master fund available through DigiFT Tech Pte. to raise an additional $30 million in tokenized shares by year-end, according to the firm. The firm aims to scale the fund, launched in June 2025, to $300 million by the end of the year.
Flow, in offering tokenized private credit funds, allows holders of stablecoin to access a more specialized part of the financial system. Tokenization involves creating digital representations of traditional assets on a blockchain.
Currently, most blockchain-based funds in Asia are money-market funds, offering stable but relatively low returns of around 5%. Private credit funds, by contrast, tend to focus on debt, which can deliver higher but riskier returns.
The launch comes at a delicate moment for private credit markets, which are facing growing strain as higher interest rates pressure leveraged borrowers. Restructuring, growing default rates and liquidity pressures have also raised questions about the ability of funds to meet redemptions in times of stress.
Market watchers say growing interest in digital finance, buoyed by the Trump administration’s renewed crypto push, has further added momentum. The global stablecoin market has grown by 37% to $320 billion in the last 12 months, according to industry tracker DefiLlama, with the ability to earn yield via private credit adding to the appeal.
The firm is targeting investors who seek better returns on stablecoins they hold, and is aiming for a low-teens net return for the master fund.