Eligibility file · Credit fund

Neuberger Securitize High Income Tokenized Fund (HINC)

What the client owns

Share of a BVI fund holding mostly US high yield bonds, with CLOs and bank loans, managed without leverage. Not stated: The issuer’s documents do not say whether the chain or an off-chain register governs. Ketju records the date it checked.

Who may hold it

US qualified purchasers. First purchase $100,000. Securitize’s page says “Investor Qualification: AI and QP” and “Not available to US individuals, trusts, and estates at this time.” The August 2026 Form D claims Rule 506(c) and the Investment Company Act section 3(c)(7) exclusion, which admits only qualified purchasers. We use that stricter reading. The Form D reports two investors and $5.1 million sold.

Who can freeze or claw back

Ethereum: can freeze a holder, pause transfers, claw back, gate who may hold, mint, change the code. A single key can freeze a holder.
Avalanche: can freeze a holder, pause transfers, claw back, gate who may hold, mint, change the code. A single key can freeze a holder.
Solana: can freeze a holder, claw back, gate who may hold, mint, change the code. An account only a program can sign for can freeze a holder and claw back tokens. A single key can change the code with no delay.

How a holder redeems

Redeem with the issuer in its window (2:00 p.m. Eastern). Redemption requests any business day before the cutoff, after a 24-hour lock-up; the fund targets T+1 but says settlement may take T+2, T+3, or longer with the liquidity of its bonds and loans. Settles in USDC, USD.

This file replaced an earlier version on 2026-09-24. Superseded to record the Avalanche contract’s freeze, allowlist, and clawback powers, marked unverified when the explorer did not answer. The verified source now read shows all three, as on the other chains. Earlier versions.

Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.

The verdict is on the memo: Neuberger Securitize High Income Tokenized Fund (HINC) Not approved

Issuer

Neuberger Securitize High Income Tokenized Fund Ltd. (British Virgin Islands company, SEC CIK 2149525); Neuberger Berman Investment Advisers LLC as subadviser; Securitize Markets as placement agent; the documents we read name no transfer agent

Registration

Private placement, Rule 506(c)

Official record

Not named in the documents we read; Securitize runs the DS-protocol contracts and is transfer agent for its other funds

Instruments

HINC

Chains

Ethereum, Avalanche, Solana

Reviewed

2026-09-24

Next review

2027-03-24

Eligibility

Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.

What the holder owns

A share of a BVI fund that holds high yield bonds and CLOs chosen by Neuberger Berman.

“This Fund provides tokenized exposure to a diversified portfolio of U.S. high yield bonds and CLOs, with Neuberger Berman fully responsible for sourcing, underwriting, and selecting all portfolio investments.”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Overview · words found 2026-09-23

Who may hold it

Accredited investors and qualified purchasers per the page; the Form D’s 3(c)(7) claim means qualified purchasers.

“Investor Qualification: AI and QP”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Fund Details, Subscription · words found 2026-09-23

First purchase minimum

$100,000.

“$100,000”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Minimum investment tile · words found 2026-09-23

Account types

Not US individuals, trusts, or estates; US entities and non-US investors.

“Not available to US individuals, trusts, and estates at this time.”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Footnote (5) · words found 2026-09-23

Who it may be transferred to

Only to other whitelisted holders, one day after issuance.

“Tokens can be transferred to other whitelisted holders one day after issuance.”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Footnote (6) · words found 2026-09-23

How a holder redeems

Any business day before the 2:00 p.m. ET cutoff, targeting T+1 with no promise.

“Redemption requests may be made on any Business Day, subject to the same 2:00 p.m. ET Cut-Off.”

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · Footnote 8 · words found 2026-09-23

Who keeps the official record

The documents we read do not name the record keeper; Securitize is the transfer agent for its other DS-protocol funds.

Not stated in Securitize, HINC page content (Builder.io content API behind securitize.io/hinc), SEC EDGAR: Neuberger Securitize High Income Tokenized Fund Ltd, Form D filed August 18, 2026, HINC Solana mint metadata (points at metadata.securitize.io).

What the issuer says it can freeze or take back

The documents we read do not say whether anyone can freeze HINC.

Not stated in Securitize, HINC page content (Builder.io content API behind securitize.io/hinc), SEC EDGAR: Neuberger Securitize High Income Tokenized Fund Ltd, Form D filed August 18, 2026.

Fact	Answer
Who onboards the holder	broker dealer
Voting rights	None
Distributions	reinvested
SIPC coverage of the wallet	No

What the issuer filed with the SEC

A private offering files Form D with the SEC within 15 days of its first sale and amends it each year while it sells. The issuer signs it. It states the exemption relied on, the fund’s exclusion from the Investment Company Act (which decides who may buy), the smallest investment accepted, the amount sold, and how many investors hold.

Filed	Form	Exemption claimed	Minimum	Sold to date	Investors
2026-08-18	D	Rule 506(c); Investment Company Act section 3(c)(7)	$100,000	$5,100,000	2

Filed by Neuberger Securitize High Income Tokenized Fund LTD (SEC CIK 2149525). Sold to date counts every sale since the first and does not show the fund’s size today. Ketju reads EDGAR daily and reviews this file again when a new filing appears.

Who controls it

Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.

Chain	Freeze a holder	Pause	Claw back	Gate holders	Change the code	Keys held by
Ethereum	Yes	Yes	Yes	Yes	Yes	A single key can freeze a holder.
Avalanche	Yes	Yes	Yes	Yes	Yes	A single key can freeze a holder.
Solana	Yes	No	Yes	Yes	Yes	An account only a program can sign for can freeze a holder and claw back tokens. A single key can change the code with no delay.

Who holds the keys

Ketju read every current holder of each power from the chain on 2026-09-24. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.

Chain	Key	What it can do	Held by	Address
Ethereum	Owner	grant and revoke these powers	a single key	0x59c1…76ee
Ethereum	Wallet registrar owner	freeze a holder, decide who may hold, grant and revoke these powers	a single key	0x62c8…50f3
Avalanche	Owner	grant and revoke these powers	a single key	0x59c1…76ee
Avalanche	Wallet registrar owner	freeze a holder, decide who may hold, grant and revoke these powers	a single key	0x28e3…b3fd
Solana	Mint authority	mint new tokens	an account only a program can sign for	5GkT3T…Bk3f
Solana	Freeze authority	freeze a holder	an account only a program can sign for	5GkT3T…Bk3f
Solana	Permanent delegate	claw back tokens	an account only a program can sign for	5GkT3T…Bk3f
Solana	Transfer-hook authority	decide who may hold, change the code	an account only a program can sign for	5GkT3T…Bk3f
Solana	Hook program upgrade authority	change the code	a single key	8d36iv…zbB6

Ethereum: 12 contract reads, 6 functions in verified source, 2026-09-23

Read from the chain

eip1967.implementation=0xcd9a905d51662353859c8ad1e49b9790c53f6684
owner()=0x59c1eacec450c57dcb9b8725d0f96635c2b676ee
isPaused()=false
getDSService(COMPLIANCE_CONFIGURATION_SERVICE)=0xbc3d91b12d8bb98017e706ac9470a5cdd1012b5c
getDSService(COMPLIANCE_SERVICE)=0xdecde49100092a1c9b574aa9aa333c7a44346e1c
getDSService(DEPRECATED_SECURITIZE_SWAP)=0xf0a865b45b687f96356a45d463a281a677fed84e
getDSService(LOCK_MANAGER)=0xa468a86a680969b651fdf57968dae99a5b34c439
getDSService(REGISTRY_SERVICE)=0xefd8ea8c9af77edca3aa69380c44cba2e6ffcd96
getDSService(TRANSACTION_RELAYER)=0x6545bc8b3a6604fb9c840ed31865efe22721c117
getDSService(TRUST_SERVICE)=0xd4a303fdf4696284bb75601e6f9657c74b30b1b1
getDSService(WALLET_MANAGER)=0x6349db0f8db546867aa000725c14b79789bd81fc
getDSService(WALLET_REGISTRAR)=0x826720e0e60d489c2008ad891bc131049064e2b5

Read from verified source

preTransferCheck in verified source 0xcd9a…6684
BLACKLIST_MANAGER in verified source 0xcd9a…6684
isPaused in verified source 0xcd9a…6684
burn in verified source 0xcd9a…6684
issueTokens in verified source 0xcd9a…6684
upgradeToAndCall in verified source 0xcd9a…6684

Avalanche: 12 contract reads, 6 functions in verified source, 2026-09-24

Read from the chain

eip1967.implementation=0xd73f2c8f54f7b25c36e0447191b8b61b5beab577
owner()=0x59c1eacec450c57dcb9b8725d0f96635c2b676ee
isPaused()=false
getDSService(COMPLIANCE_CONFIGURATION_SERVICE)=0x3cf88b7e8ebf1507b4707a3a9433035b1b0381fe
getDSService(COMPLIANCE_SERVICE)=0x62ffabedab0b084602ab0fe2f46127824ae9be68
getDSService(DEPRECATED_SECURITIZE_SWAP)=0x449f45b4026371a988cc31bd62677b2133c70920
getDSService(LOCK_MANAGER)=0xfc2cb4f57523b8b2093de4c0015ae5f92770d86e
getDSService(REGISTRY_SERVICE)=0xad8159e79153f8976c5b04476f18c519bb09d678
getDSService(TRANSACTION_RELAYER)=0x472532e5cef0634ba700ea712b2aff4cc34f005b
getDSService(TRUST_SERVICE)=0xd4384d6a6504427cd51652a9af3829cfa1f6fa74
getDSService(WALLET_MANAGER)=0x690375dcbcf97517ca3f77be9a80451ea96b783e
getDSService(WALLET_REGISTRAR)=0x33c0eefadbe7ef26f75309f403d4f0ea7f586d7a

Read from verified source

abi:routescan:43114:0xd73f2c8f54f7b25c36e0447191b8b61b5beab577#preTransferCheck
abi:routescan:43114:0x1e1073cc97d53d3db3a52841a8d079e73616c62d#lockInvestor
abi:routescan:43114:0xd73f2c8f54f7b25c36e0447191b8b61b5beab577#isPaused
abi:routescan:43114:0xd73f2c8f54f7b25c36e0447191b8b61b5beab577#burn
abi:routescan:43114:0xd73f2c8f54f7b25c36e0447191b8b61b5beab577#issueTokens
abi:routescan:43114:0xd73f2c8f54f7b25c36e0447191b8b61b5beab577#upgradeToAndCall

Solana: 4 contract reads, 0 functions in verified source, 2026-09-23

Read from the chain

mintAuthority=5GkT3Ta9TosRiKv9g2aJvjx3dfqftmYXsyHckQQMBk3f
freezeAuthority=5GkT3Ta9TosRiKv9g2aJvjx3dfqftmYXsyHckQQMBk3f
permanentDelegate=5GkT3Ta9TosRiKv9g2aJvjx3dfqftmYXsyHckQQMBk3f
transferHook=FsE8mCJyvgMzqJbfHbJQm3iuf3cRZC6n2vZi1Q8rQCy2

Where it trades

Venue	Kind
Securitize primary market	issuer primary

Redemption

Route	Cutoff	Settlement	Settles in
Redeem with the issuer in its window	2:00 p.m. Eastern	Redemption requests any business day before the cutoff, after a 24-hour lock-up; the fund targets T+1 but says settlement may take T+2, T+3, or longer with the liquidity of its bonds and loans	USDC, USD

Review triggers

Securitize publishes the HINC private placement memorandum; Ketju will then review the file again for the investor class, gates, and redemption terms
The owner key, compliance service, lock manager, wallet registrar, or proxy target on Ethereum changes, or the Solana mint, freeze, permanent-delegate, or hook authority changes
A verified ABI for HINC on Avalanche becomes available, or Ketju can read Sui; Ketju then completes or adds those chains
The fund delays a redemption past T+3 or gates redemptions
The fund leaves the 3(c)(7) exclusion or opens to US individuals

Daily checks

Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote, since a fund of this kind accrues a few basis points a day. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju reads EDGAR for the issuer’s Form D filings and reviews the file again when a new filing appears. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.

File history

Ketju has revised this file once since filing it. Ketju keeps each earlier version as published, with the reason for the change.

Date	Change
2026-09-23	Filed.
2026-09-24	Revised. Superseded to record the Avalanche contract’s freeze, allowlist, and clawback powers, marked unverified when the explorer did not answer. The verified source now read shows all three, as on the other chains.

Sources

Securitize, HINC page content (Builder.io content API behind securitize.io/hinc) · primary · accessed 2026-09-23
Supports: $100,000 minimum, AI and QP, not for US individuals, trusts, estates, daily redemption requests, T+1 target, 24-hour lock-up, transfers to whitelisted holders, 0.60% expense cap
SEC EDGAR: Neuberger Securitize High Income Tokenized Fund Ltd, Form D filed August 18, 2026 · primary · accessed 2026-09-23
Supports: BVI corporation, Rule 506(c), section 3(c)(7), $100,000 minimum, two investors, $5.1M sold, Securitize Markets as placement agent
HINC Solana mint metadata (points at metadata.securitize.io) · primary · accessed 2026-09-23
Supports: issuer-anchored Solana mint
Verified HINC implementation on Ethereum (Sourcify) · primary · accessed 2026-09-23
Supports: preTransferCheck, pause, burn, issueTokens, upgradeToAndCall, owner key shared with ACRED

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