TL;DR
- Brevan Howard, BlackRock and Hamilton Lane funds are now available on the Aptos blockchain.
- They include the Brevan Howard Master Fund, Hamilton Lane’s SCOPE fund and BlackRock’s ICS Money Market Fund.
- Tokenization facilitates access to large assets and the tokenization market is projected to reach up to $5 trillion by 2030.
Libre, an innovative startup in the field of asset tokenization, has taken a major step by launching tokenized funds on the Aptos blockchain.
This launch includes three of the most prominent funds on the market: the Brevan Howard Master Fund, Hamilton Lane’s SCOPE Fund and BlackRock’s ICS Money Market Fund.
BREAKING NEWS from the Aptos Experience: Libre launches Brevan Howard, BlackRock, Hamilton Lane funds on Aptos (Full report: https://t.co/zw4r6qMT3V)@librecap, a tokenization startup from Brevan Howard's WebN Group and @Nomura's @LaserDigital_ joins #AptosAscend.
Libre is… pic.twitter.com/CzR6YzJOdg
— Aptos (@Aptos) September 6, 2024
Together, these funds manage more than $91 billion in assets, underscoring the magnitude and relevance of Libre’s move into the financial sector.
Libre, a collaboration between Brevan Howard’s WebN Group and Nomura’s Laser Digital, has designed its protocol to serve as a key infrastructure for integrating real-world assets (RWAs) into Aptos.
This advancement not only expands the offering of funds available in the Aptos ecosystem, but also represents a significant evolution in how traditional financial assets can interact with blockchain technology.
Libre’s decentralized applications (DApps), called DeFi Gateways, will allow accredited, professional, and institutional investors to access these funds securely and efficiently on-chain.
Tokenization, which converts physical assets into digital tokens, is revolutionizing the financial market by facilitating trading and investment in large assets that were previously illiquid and difficult to trade.
Through tokenization, assets are fractionated into smaller pieces, allowing a broader range of investors to participate in opportunities that were previously out of reach.
This not only democratises access to high-value investments, but also improves liquidity and transparency in the financial market.
Prospects and future of tokenization with Aptos
Asset tokenization has proven to be a growing trend with significant implications for the future of finance.
According to data from Dune Analytics, more than $1.6 billion worth of securities have already been tokenized as of early September.
Citi projections indicate that the tokenization market could reach up to $5 trillion by 2030, highlighting the transformative potential of this technology in the global financial industry.
The Libre protocol, which initially launched on the Polygon network in Q1 2024, has also supported features such as collateralized lending and automated rebalancing of separately managed accounts (SMAs), in addition to offering native cryptocurrency funding.
Its expansion to Aptos marks an important milestone in the evolution of decentralized financial services, combining the reliability of traditional finance with the security and decentralization of blockchain technology.
Libre’s launch of tokenized funds on the Aptos blockchain not only reinforces Aptos position as a key player in the blockchain space, but also opens up new opportunities for investors by providing access to large financial assets in a more accessible and efficient manner.
With tokenization establishing itself as a key trend in the sector, the impact of this technology on the democratization and liquidity of financial markets promises to be profound and long-lasting.
