Libre, a joint venture between WebN Group and Nomura's Laser Digital, launched an initiative bringing three high-profile funds to the Aptos platform, according to a press release shared with BSCN.
Libre's Gateway on Aptos
Libre serves as the backbone for connecting Real World Assets (RWAs) like private markets and alternative assets with the blockchain. Its decentralized application (DeFi dApp), the Libre Gateway, facilitates compliant access to these funds on Aptos. This system enables accredited and institutional investors to trade on-chain, engage in collateralized lending, and access secondary trading services. Libre’s CEO, Dr. Avtar Sehra, describes the integration of Libre with Aptos as a major step in democratizing access to public blockchain wealth management tools.
Why Aptos?
Aptos is known for its high-performance, institutional-grade infrastructure, positioning it as a leader in decentralized finance (DeFi). By utilizing the Move DM technology, Aptos reportedly offers a secure and scalable platform for financial services. According to Mo Shaikh, Co-Founder & CEO of Aptos Labs, “Libre is leveraging Aptos Ascend, a product developed by Aptos Labs to provide a gateway to deliver new asset classes and financial services to users, to ensure they benefit from the reliability and sophistication of TradFi paired with the decentralization and fundamental security enabled by Move on Aptos.”
Growing Trend of Tokenization
The tokenization of assets is no longer a concept limited to theory. According to Dune Analytics, over $1.6 billion worth of securities had been tokenized as of September 2024. This trend is expected to grow exponentially, with Citi projecting the tokenization market could reach up to $5 trillion by 2030. Tokenization offers clear advantages in terms of accessibility, liquidity, and compliance, aligning traditional finance with the decentralization ethos of blockchain.
Libre and Nomura's Laser Digital have taken a significant step in decentralized finance by launching three high-profile funds on the Aptos platform. This event underscores the growth and potential of asset tokenization, offering new opportunities for investors and financial markets.
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