Libre, a joint venture between WebN Group and Nomura's Laser Digital, announced the launch of three major funds on the Aptos platform. These funds manage over $91 billion in assets, making this an important event for the platform.
Libre's Gateway on Aptos
Libre serves as the backbone for connecting real-world assets like private markets and alternative assets with the blockchain. Their decentralized application (DeFi dApp) called the Libre Gateway facilitates compliant access to these funds on the Aptos platform. This system allows accredited and institutional investors to trade on-chain, participate in collateralized lending, and access secondary trading services.
Why Aptos?
Known for its high-performance, institutional-grade infrastructure, Aptos is a leader in decentralized finance (DeFi). Utilizing Move DM technology, Aptos provides a secure and scalable platform for financial services.
Growing Trend of Tokenization
The tokenization of assets is no longer a theoretical concept. 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 plans to expand the services offered through Libre Gateway on the Aptos platform, including enhanced features for secondary trading and collateralized lending mechanisms. Aptos is the latest blockchain to receive Libre's portfolio of tokenized funds, joining Solana and Near.
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