Sui users are set to enjoy enhanced access to tokenized funds thanks to a new collaboration between the blockchain platform and Libre Capital.
This initiative will utilize the Sui (SUI) blockchain and is geared towards institutional and accredited investors. The announcement comes on the heels of the introduction of Libre Capital Gateway on Sui.
Libre Capital’s partnership with the layer 1 blockchain also involves Nomura Group’s Laser Digital and alternative investment manager Vulpes.
Together, these entities are working on a groundbreaking on-chain project that will enable the Sui community to access tokenized funds from major providers. This collaboration will offer access to tokenized hedge funds, private credit, and money market funds.
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One of the funds making its way to Sui is the tokenized Laser Carry Fund, a market-neutral strategy from Laser Digital. This strategy focuses on seizing opportunities around funding rates and yield in the digital asset market.
Libre also offers tokenized funds from renowned global asset managers such as BlackRock, Brevan Howard, and Hamilton Lane.
“Utilizing Sui’s Move-based infrastructure to provide institutional and accredited investors with secure and scalable access to real-world assets is a compelling application of the technology,” remarked Christian Thompson, managing director of Sui Foundation.
Avta Sehra, founder and CEO of Libre, highlighted that this partnership brings wealth and treasury management tools to Sui users. It also enables the tokenization platform to leverage Move-based infrastructure for decentralized finance solutions like collateralized lending.
Thompson emphasized that bringing investment funds on-chain is a pivotal step in bridging traditional finance and the crypto world.
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