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Libre Expands Tokenized Financial Assets on NEAR Blockchain
Discover how Libre is expanding tokenized financial assets on the NEAR blockchain, revolutionizing asset management and investment opportunities with cutting-edge technology and enhanced security for users.
Libre, an innovative startup dedicated to the tokenization of financial assets, has partnered with notable institutions such as Nomura’s Laser Digital, Brevan Howard’s WebN group, and the private markets powerhouse Hamilton Lane. This collaboration aims to introduce a range of digitized funds on the NEAR blockchain, thereby facilitating the transfer of tokenized real-world assets (RWAs) across various blockchain platforms.
As announced by Libre on Monday, users of the NEAR protocol will gain access to several significant financial products, including a Hamilton Lane credit fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund. This announcement comes as the startup proudly reports that it has surpassed the impressive milestone of $100 million in assets under management since going live just four months ago.
The emergence of blockchain-based versions of financial assets has garnered considerable interest among institutional players keen on exploring opportunities within the crypto landscape. The addition of RWA funds to the NEAR blockchain is a pivotal aspect of Libre’s ambitious multichain strategy, harnessing the blockchain’s unique “Chain Signatures” feature. This functionality empowers users to conduct transactions on different ledgers without the complications typically associated with cross-chain bridges.
“Chain Signatures is an innovative tool that enables users to purchase assets on the NEAR blockchain and subsequently transfer and manage them across any other blockchain,” stated Libre CEO Avtar Sehra during a recent interview. This feature exemplifies Libre’s commitment to simplifying the asset management process in the rapidly evolving digital landscape.
Looking towards the end of the year, Libre has exciting plans in the pipeline. The company aims to introduce new features, including collateralized lending options and the secondary transfer of select assets, as revealed by Sehra. “We’re also gearing up to launch a new fund in collaboration with the Laser Digital team. This fund will be market-neutral and designed to operate across all networks simultaneously; it is expected to go live in October this year,” he added.