Today Libre unveiled its tokenized funds on its second public blockchain, Solana. The new fund is a feeder fund for Hamilton Lane’s Senior Credit Opportunities Fund (“SCOPE”).
Libre is a public blockchain fund tokenization protocol, which is a joint venture between Nomura’s digital asset arm Laser Digital and WebN, founded by the former CEO of Brevan Howard, Alan Howard.
It launched its first fund token in March, the Brevan Howard Master fund as well as a U.S. dollar money market fund invested in BlackRock Treasury ETFs to enable investors to park funds. Both were on a sidechain of the Polygon blockchain, but Libre aims to be a multi blockchain protocol. Hence, both funds are now available on Solana. It uses the Libre Gateway DeFi dApp to deploy the tokens on each chain. Libre’s target market includes asset managers, wealth managers and institutional or accredited investors.
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