Flow Capital Partners, a Hong Kong-based credit manager, is set to tokenize its $150 million private credit fund via DigiFT, a tokenization platform based in Singapore. The initiative aims to raise an additional $30 million in tokenized shares by the end of 2026, expanding the fund's total size to $250 million with a target net return of 12%. The fund is expected to be operational on the blockchain by the end of April 2024. This move reflects a broader trend in the financial industry, with major players like BlackRock and JPMorgan also exploring tokenization for their financial products. However, experts warn that tokenization does not automatically enhance liquidity, as some assets remain illiquid despite being tokenized. The total value of tokenized assets has recently increased by 9.6%, reaching $29.9 billion, with tokenized US treasury debt being the largest segment.