Libre Launches Tokenization Venture on Solana with Brevan Howard and Nomura

Libre Expands Tokenization Efforts on Solana with New Funds

Libre, an innovative startup specializing in tokenization, has launched an exciting new joint venture between Brevan Howard’s WebN Group and the financial powerhouse Nomura’s Laser Digital. This initiative will introduce a range of blockchain-based funds to the Solana network, highlighted by the introduction of the Hamilton Lane credit fund.

By integrating the company’s tokenization gateway with the Solana blockchain, Libre is enabling users to access the on-chain Hamilton Lane SCOPE fund for the very first time. Additionally, investors will gain entry to the Brevan Howard Master Fund and the BlackRock ICS Money Market Fund, as announced in a recent press release.

The trend of tokenizing real-world assets (RWAs) is gaining momentum, with major asset managers—including industry leader BlackRock—turning to public blockchains. Libre initially established its blockchain funds offering using the Polygon CDK, a layer-2 solution for Ethereum. However, this latest move signifies the introduction of the first institutional alternative RWA fund on the Solana network, as highlighted by Libre’s CEO, Avtar Sehra.

This expansion has attracted nearly $20 million in total locked value (TVL) even before its public launch. “The significance of Solana within the financial services sector cannot be overstated, particularly regarding secondary trading,” Sehra remarked in an interview. “Solana has been developed to enhance throughput, meaning a higher number of transactions per second, while also minimizing latency between transactions. With our plans to initiate secondary trading services later this year, we decided to offer access to all of our funds on Solana now.”

Money market funds have become particularly advantageous for institutional traders in the cryptocurrency realm, allowing them to earn additional yields from their stablecoin holdings. Investors are also eyeing the attractive yields of around 9% that the Hamilton Lane SCOPE fund promises, Sehra pointed out.

“This launch will broaden access to the historically robust returns and performance opportunities present in private markets while simultaneously enhancing efficiency and transparency for all investors,” stated Victor Jung, the head of digital assets at Hamilton Lane.