As part of the Libre launch, investment firm Hamilton Lane will allow its SCOPE Fund to be accessible on Libre.
Libre, a joint venture between Nomura’s Laser Digital and Brevan Howard’s WebN Group, has launched a next generation Web3 protocol on the Solana network for the issuance and distribution of funds.
This venture will enable users to access wealth and treasury management tools on Solana, and allow the platform to tap into Solana’s low latency and throughput capability to launch new and innovative services. At the same time, accredited, professional and institutional investors on networks like Solana can now directly access top-tier funds on-chain in a fully compliant manner.
Libre connects Real World Assets (RWAs) such as private markets, other alternative assets and money market funds to users on public chains. The platform does this through the on-chain Libre Gateway DeFi dApp’s (decentralised applications) deployed on each public chain. The first cross-chain transactions took place on Solana through the MVP Libre Gateway.
Libre’s CEO and founder, Dr. Avtar Sehra, highlighted that, “The launch of the Libre Gateway on Solana is a huge step forward to enable access to wealth and treasury management tools for users on Solana, and for Libre to take advantage of the low latency and throughput capability of Solana to launch new and innovative services.”
Now accessible to Solana’s users through Libre, HL SCOPE Access Fund provides access to SCOPE, an all-weather senior private credit evergreen vehicle. It offers investors access to a diversified, multi-manager portfolio with immediate capital deployment and the option for monthly liquidity.
Victor Jung, Head of Digital Assets at Hamilton Lane, said “As a leader in the tokenisation of private markets funds, we are delighted to partner with Libre, who is at the forefront of innovations in the fund distribution space, to reach a broader range of investors as they launch on Solana. This launch will expand access to the historical strong returns and performance opportunities generated within the private markets, while increasing efficiency and transparency for all investors.”
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