TL;DR
- Launch of Libre on Solana: Libre, a Web3 protocol by WebN Group and Nomura’s Laser Digital, has launched on the Solana network. It bridges Real World Assets (RWAs) with public chains, facilitating fund issuance and distribution.
- Hamilton Lane’s SCOPE Fund: Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) is now accessible on Libre, offering Solana users new investment opportunities. SCOPE aims for steady performance and cash yield, with quick capital deployment and monthly liquidity.
- Key Perspectives: Leaders from Libre, Hamilton Lane, and the Solana Foundation emphasize the importance of this launch. They highlight the benefits of Solana’s speed and security in democratizing access to high-quality financial products.
Libre, a groundbreaking Web3 protocol developed by the joint venture between WebN Group and Nomura’s Laser Digital, has officially launched on the Solana network. This innovative protocol facilitates the issuance and distribution of funds, bridging the gap between Real World Assets (RWAs) and users on public chains.
Alongside this launch, Hamilton Lane, a leading global private markets investment management firm, has made its Senior Credit Opportunities Fund (SCOPE) accessible on Libre, opening up new investment opportunities for Solana users.
Connecting Real-World Assets to Public Chains
Libre serves as the foundational framework, connecting RWAs like private markets, alternative assets, and money market funds with individuals on public blockchains.
The on-chain Libre Gateway DeFi dApps are deployed on each public chain, allowing accredited, professional, and institutional investors on networks like Solana to directly access top-tier funds in a fully compliant manner. These services also include secondary trading and collateralized lending options.
The HL SCOPE Access Fund offers Solana users the opportunity to access SCOPE, a senior private credit evergreen vehicle designed to perform well in all market conditions. SCOPE is focused on delivering steady performance and cash yield, allowing investors to join a diverse, multi-manager portfolio with quick capital deployment and the option of monthly liquidity.
Solana’s and other Key Players and Their Perspectives
- Dr. Avtar Sehra, CEO and founder of Libre, stressed the importance of launching the Libre Gateway on Solana. This step allows Solana users to access wealth and treasury management tools, taking advantage of the network’s fast processing and high capacity for new services.
- Victor Jung, the Digital Assets Chief at Hamilton Lane, shared his enthusiasm for teaming up with Libre. Hamilton Lane, a pioneer in tokenizing private markets funds, is dedicated to expanding investor access to lucrative returns and performance prospects in the private markets.
- Nick Ducoff, Head of Institutional Growth at the Solana Foundation, highlighted how Libre democratizes access to high-quality financial products. Accredited investors can now directly access top-tier private funds on-chain, thanks to Solana’s performance, speed, and security.
Beyond Credit Funds
While Libre’s core focus is on private markets and alternative investments, it also provides access to well-established money market funds, including the BlackRock ICS USD Liquidity Fund.
Additionally, crypto-native funds like Laser Digital’s Market Neutral Fund are available. Libre’s collaboration between WebN Group and Nomura’s Laser Digital positions it as a key player in expanding financial market participation through blockchain technology.
As Libre continues to roll out services via the Libre Gateway, Solana users can expect further innovations and opportunities in the coming months. The launch of Libre on Solana represents a significant step toward a more inclusive and efficient financial ecosystem.
