Libre Adds Aptos Support for Real-World Asset Tokenization
CryptoNewsTerminal Staff06 Sep, 2024
Libre Adds Aptos Support for Real-World Asset Tokenization
Libre, a leading real-world asset (RWA) tokenization startup, has integrated with Aptos (APT), a high-performance blockchain network. This integration enables Libre to offer its services, including tokenizing top-tier funds such as the Hamilton Lane Credit Fund, Brevan Howard Master Fund, and BlackRock ICS Money Market Fund, on the Aptos network. These funds represent a combined $91 billion in assets under management, significantly expanding the range of financial instruments available on Aptos. By leveraging Aptos's innovative features, such as parallel execution and block-STM, Libre aims to streamline and enhance the tokenization process, making it more efficient and cost-effective. "We are thrilled to collaborate with Aptos," said Libre CEO and Co-Founder Victor Zhang. "Their commitment to scalability and security aligns perfectly with our mission to bring real-world assets to the blockchain in a compliant and efficient manner." This integration is a significant step forward for Libre, as it expands its reach into the growing Aptos ecosystem. Aptos's fast transaction processing and low gas fees make it an attractive platform for tokenization, enabling Libre to offer its services to a wider audience.
