ChainCatcher news, the Securities and Exchange Commission (SEC) of Thailand has proposed new regulations allowing mutual funds and private funds to invest in digital assets, in line with international developments and to meet the growing interest of institutional investors. A draft proposal released on Wednesday is seeking public comments on the revision of standards for funds investing in digital assets.The SEC proposed allowing securities firms and asset management companies to provide services to large investors interested in investing in crypto-related products (such as ETFs), creating more opportunities for investors to diversify their portfolios under expert management.

ChainCatcher news, according to CoinDesk, Citibank has partnered with traditional financial giants WisdomTree and Wellington Management to conduct a proof of concept for the tokenization of private equity funds on the Avalanche subnet Spruce, testing various use cases including end-to-end token transfers, secondary transfers for trading, and validating new features through collateralized loans.It is reported that the Spruce subnet is specifically designed for large financial institutions looking to utilize public blockchain infrastructure.

According to ChainiCatcher news reported by CoinDesk, the venture capital arm of global private equity firm StepStone Group (STEP), which manages $138 billion in assets, has raised $96.54 million for two blockchain private equity funds, as per documents submitted to the U.S. Securities and Exchange Commission (SEC).Since its launch on June 7, 2022, the U.S.-based StepStone VC Blockchain L.P has raised $71.225 million from 100 investors, while another fund based in the Cayman Islands has raised $25.315 million from 41 investors. (Source link)

According to Chain Catcher news and a report by The Wall Street Journal, private equity giant KKR announced a partnership with the securities firm Securitize to offer a portion of its private equity fund on Avalanche. Qualified purchasers (with $5 million in investable assets) can invest in KKR's fund through a tokenized side fund after creating a crypto wallet and registering with Securitize. After holding for one year, purchasers will be able to sell it on a secondary market managed by Securitize to other qualified individuals. (The Wall Street Journal)