Aave proposes Neuberger Berman's HINC tokenized high-yield fund as collateral

Aave founder and CEO Stani Kulechov announced a governance proposal to add HINC, the Neuberger Securitize High Income Tokenized Fund, to Aave Horizon as supply-only collateral. HINC was launched by Neuberger Berman and Securitize across Avalanche, Ethereum, Solana and Sui, with Neuberger responsible for portfolio management and research. The fund primarily invests in high-yield corporate bonds and may also buy collateralized loan obligations and leveraged loans, and is open only to eligible accredited investors and qualified purchasers that complete know-your-customer and anti-money-laundering checks and meet jurisdictional securities rules. If approved, qualified HINC holders could borrow USDC, GHO and RLUSD against their positions. The proposal would make HINC Aave Horizon's first below-investment-grade credit asset, expanding the institutional Ethereum lending protocol beyond treasuries and investment-grade instruments. The latest details also clarify that Neuberger's fixed-income platform manages more than $230 billion, while Securitize said it has $3.4 billion in tokenized assets under management and first-quarter revenue of $19.5 million, up nearly 40% from a year earlier.

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