Originally published on: September 06, 2024
Libre, a cutting-edge infrastructure provider, is rolling out a revolutionary Web3 protocol to bring top-tier investment funds to the Aptos network. The Aptos layer-1 is set to welcome prestigious funds including Brevan Howard Master Fund, Hamilton Lane’s Senior Credit Opportunities Fund, and BlackRock’s ICS Money Market Fund, collectively managing a staggering $91 billion in assets.
Developed by WebN Group and Nomura’s Laser Digital, Libre is positioned as the pivotal infrastructure for introducing real-world assets (RWAs) to Aptos. Through Libre’s Gateway DeFi DApps, accredited, professional, and institutional investors can seamlessly access these funds onchain.
Aptos is not the first platform to receive Libre’s tokenized funds. Prior to this, the same impressive portfolio has been successfully deployed on the Solana and Near blockchains. Tokenization, the process of converting real-world assets into digital tokens, is hailed for democratizing the access to large, illiquid assets by enabling fractional ownership. In the private equity sector, tokenization is a game-changer, opening up opportunities for smaller investors to trade and gain exposure to valuable assets previously out of reach.
As per insights from Dune Analytics, over $1.6 billion in securities have been tokenized, with a projected market value of up to $5 trillion by 2030, according to Global bank Citi. Libre is leveraging Aptos Ascend, a cutting-edge product from Aptos Labs, to unlock new asset classes and financial services for users. This innovative integration combines the reliability and sophistication of traditional finance (TradFi) with the decentralization and security features of Aptos, creating a win-win situation for investors.
Libre’s groundbreaking protocol came to life in the first quarter of 2024, enabling asset tokenization and smart contracts on the Polygon network. The protocol offers a range of advanced features, including collateralized lending, automated rebalancing of separately managed accounts (SMAs), and crypto-native funds like Laser Digital’s Market Neutral Fund.
By spearheading the integration of elite investment funds onto the Aptos network, Libre is laying the groundwork for a new era of accessibility and efficiency in the financial world.
