Libre Launches Brevan Howard, BlackRock, Hamilton Lane Funds on Aptos

Renowned infrastructure provider Libre has launched a new web3 protocol that will bring traditional investment funds to the Aptos blockchain.

Renowned infrastructure provider Libre has brought traditional investment funds to the Aptos (CRYPTO: APT) blockchain in a bid to expand the footprint of Web3.

According to an X (NYSE:TWTR) post on Friday by Aptos Experience, Libre is now set to launch funds including the Brevan Howard Master Fund, Senior Credit Opportunities Fund by Hamilton Lane, and ICS Money Market Fund by BlackRock (NYSE:BLK). Together, these funds reportedly have $91 billion in assets under management (AUM).

Before launching its tokenized funds on Aptos, Libre had already launched its investment instrument on Near and Solana. With the addition of Aptos, Libre now serves as a bridge for traditional investors to enter the crypto space.

Via Libre's Gateway DeFi DApps, approved professional and institutional investors will be able to access the funds on Aptos. Tokenized assets are gaining steam among investors because they allow them to invest in established funds.

The tokenized assets space is set to reach up to $5 trillion by 2030. Currently, investors have converted more than $1.6 billion in securities into digital assets.

A Closer Look at Aptos and Libre Libre is a new joint venture between WebN Group and Nomura’s Laser Digital. It will serve as the underlying infrastructure for introducing real-world assets (RWAs) on the Aptos blockchain.

The Libre protocol initially launched in early 2024, supporting tokenized assets and smart contracts on the Polygon blockchain.

On the other hand, Aptos is gaining attention for its effort to bring blockchain innovations to the masses.

Following the news of Libre's funds launching on the network, Aptos' native token APT traded up 1.4% on Friday morning.

The launch of the funds on Aptos comes shortly after the network unveiled its latest Byzantine Fault Tolerant (BFT) consensus protocol, dubbed Raptr.

The consensus protocol enables users to attain high throughput on Aptos at optimal theoretical latency. Even during network congestion, Aptos can still complete a high volume of transactions in a short period.

Aptos will roll out the Raptr update in two phases to integrate it seamlessly into the rapidly expanding ecosystem. The first phase will begin soon, with the project aiming to release a whitepaper that will detail the features of the consensus protocol.

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