Brevan Howard-Backed Tokenization Firm Libre Coming to NEAR Blockchain

Libre, which focuses on tokenizing financial assets through partnerships with Nomura’s Laser Digital, Brevan Howard’s WebN group, and Hamilton Lane, will begin adding some of its digital funds to the NEAR blockchain.

Libre announced yesterday that NEAR protocol users will have access to the Hamilton Lane credit fund, the Brevan Howard Master Fund, and the Blackrock ICS Money Market Fund.

Creating blockchain-based versions of financial assets has become a hot topic, especially among institutional firms. Adding RWA funds to NEAR plays a key role in Libre’s multi-chain ambitions thanks to the blockchain’s “Chain Signatures” feature, which allows users to transact on other ledgers without the need for cross-chain bridges.

“Chain Signatures is a tool that allows you to buy assets in NEAR and then transfer and manage them on another blockchain,” said Avtar Sehra, CEO of Libre.

“We are also launching a new market-neutral fund across all networks with the Laser Digital team. The fund is scheduled to launch in October.”