SCOPEX, issued by Conduit Asset Management Pte. Ltd., is a tokenized institutional fund that gives onboarded investors onchain exposure to Hamilton Lane Senior Credit Opportunities Fund, a regulated alternative-investment strategy offered as a tokenized feeder vehicle on the KAIO protocol [S1][S2].

The token tracks the net asset value of Hamilton Lane Senior Credit Opportunities Fund (SCOPEX); subscribers receive tokenized shares in a feeder vehicle that invests into the underlying fund, with shares calculated at the fund's then-current NAV at the next dealing date [S3][S4]. Returns accrue through movements in that NAV [S3]. Holders bear fees configured per instrument and paid in settlement tokens, including cumulative redemption fees, initial restricted-period fees, and redemption volume fees [S2].

The investment manager is Conduit Asset Management Pte. Ltd., incorporated in Singapore and licensed by the Monetary Authority of Singapore under a Capital Markets Services License [S1][S5]. The protocol is operated by the KAIO Foundation under English-law terms [S6]. Offerings run under Singapore's Securities and Futures Act 2001 or equivalent standards, solely for onboarded Accredited and Institutional Investors who clear KYC, AML, sanctions, and allowed-jurisdiction gates [S7][S5]. Each token is a permissioned security token representing a beneficial interest in the feeder fund [S3][S8]. Redemption runs through the Redemption Book, burning tokens and transferring a U.S. dollar-pegged stablecoin [S4].

Fund tokens are permissioned ERC-20 security tokens, with a separate U.S. dollar-backed Settlement Token used as the cash leg [S8][S9]. Smart contracts are deployed on Ethereum as the primary base layer, with cross-network availability via the KAIO Gateway bridge across Avalanche, Solana, XDC, Aptos, Hedera, Polygon, SEI EVM, Ethereum, and NEAR [S2][S10][S5]. Subscriptions and redemptions settle in admin-controlled batches against NAV maintained by the fund administrator [S4].

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  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://www.kaio.xyz/" },
    { id: "S2", url: "https://docs.kaio.xyz/how-kaio-works/architecture.md" },
    { id: "S3", url: "https://docs.kaio.xyz/overview/products.md?ask=feeder-funds-domicile-backing-yield-minimum" },
    { id: "S4", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/order-books/redemption-book.md" },
    { id: "S5", url: "https://docs.kaio.xyz/overview/faqs.md?ask=legal-entity-regulator-jurisdictions-minimum-fees-custody-networks-nav" },
    { id: "S6", url: "https://www.kaio.xyz/terms-of-use" },
    { id: "S7", url: "https://docs.kaio.xyz/overview/products.md" },
    { id: "S8", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/tokens/security-token.md" },
    { id: "S9", url: "https://docs.kaio.xyz/how-kaio-works/smart-contracts/tokens/settlement-token.md" },
    { id: "S10", url: "https://docs.kaio.xyz/overview/faqs.md" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized funds

KAIO operates through a decentralized network architecture that facilitates cross-chain communication and data transfer between various blockchain protocols. The project likely employs smart contract technology and consensus mechanisms to ensure secure and reliable operations across multiple networks. Their business model appears to center on providing infrastructure services and development tools to the broader blockchain community.

KAIO builds decentralized applications and infrastructure tools designed to enhance blockchain interoperability and user experience. The project focuses on creating seamless bridges between different blockchain networks while providing developers with robust tooling for cross-chain functionality. Their solutions aim to simplify complex blockchain operations and improve accessibility for both developers and end users.

KAIO is a blockchain-based project focused on developing decentralized infrastructure and tooling solutions for the crypto ecosystem.

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Real-world asset (RWA) issuers

KAIO

KAIO Hamilton Lane Senior Credit Opportunities Fund (SCOPEX) is a tokenized fund share issued by KAIO and managed by Hamilton Lane.

The fund is open-ended and invests in private credit.

Accredited investors and institutions can subscribe and redeem.

SCOPEX has been issued on public blockchains since April 2025 and is native to Ethereum, Hedera, Sei EVM, and Polygon.

KAIO Hamilton Lane Senior Credit Opportunities FundSCOPEX