Real-World Assets on Sonic With Backed, Chainlink, and Fortlake Asset Management
We’re excited to announce a groundbreaking fund tokenization effort to bring real-world assets on-chain to the Sonic ecosystem.
Together with Backed, a pioneer in asset tokenization solutions, and Chainlink, the standard for on-chain finance, we’re partnering with Fortlake Asset Management to tokenize its Sigma Opportunities Fund, marking a significant milestone in bringing traditional financial assets on-chain.
Tokenizing Real-World Assets
Fortlake’s Sigma Opportunities Fund is a global, actively managed fixed-income investment strategy that targets 7–10% above the federal funds rate in Australia, focusing on using market distortions to achieve this strong return. In the past year, the fund has returned 10% via active fixed-income investments.
The fund is being tokenized by Backed, creating permissionless tokens that are collateralized 1:1, with prices tied to the real-time prices of the assets. This means tokens are ready for DeFi and usable within the Sonic ecosystem. Chainlink SmartData will deliver asset price data of the underlying fund shares on-chain, Chainlink Proof of Reserves will help verify collateralization, and Chainlink CCIP will enable seamless cross-chain liquidity and operations.
The Future of Finance
The tokenization of Fortlake’s Sigma Fund marks an important milestone for Backed, as it’s the first fund to go through its Tokenization-as-a-Service platform. This achievement highlights Backed’s expansion into private tokenization, continuing to offer similar tokenization solutions for other funds and financial institutions. Backed will broaden its services by further exploring new opportunities, providing the Sonic ecosystem with even greater flexibility and access to tokenized assets.
Tokenizing the fund leads to new opportunities within DeFi, such as integrations with lending markets, use as a high-yield stablecoin savings solution, or as margin trading collateral. With BlackRock recently joining the tokenization race, other asset managers are starting to quickly explore this space and the opportunities it brings. The Bank of America predicts that asset tokenization could surpass $16 trillion in the next 5–15 years. Tokenization experiments by institutions such as the Hong Kong Monetary Authority and JP Morgan have shown significant savings by utilizing blockchain-based tokenization.
