Libre Launches Protocol for $91 Billion On-Chain Funds on Aptos

Sep 6, 2024, 12:55 PM

Libre, a collaboration between Nomura’s Laser Digital and WebN Group, has launched a new protocol on the Aptos network aimed at facilitating the issuance of major on-chain funds. The protocol, which is part of the Aptos Ascend initiative, will bring significant real-world assets to the blockchain. Among the first funds to go live on the network are Brevan Howard Master Fund, BlackRock’s ICS Money Market Fund, and Hamilton Lane’s Senior Credit Opportunities Fund. The initiative is expected to tokenize a massive $91 billion in assets, leveraging Aptos' reliability, decentralization, and security features. Libre will use their Gateway DeFi DApps to facilitate this integration.