Digital assets platform Libre has unveiled a Web3 protocol on the Solana blockchain platform that can be used for funds issuance and distribution.
Libre, a joint venture between Nomura’s digital assets arm and blockchain company, has hailed the move as a “significant step” in expanding access to alternative asset classes.Private markets asset manager Hamilton Lane has been recruited as the first firm to put one of its funds on the platform.
The HL SCOPE Access Fund is a private credit fund that provides access to a multi-manager portfolio with immediate capital deployment and the option for monthly liquidity.“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,” said Libre CEO and founder Avtar Sehra.
“This launch will expand access to the historically strong returns and performance opportunities generated within the private markets while increasing efficiency and transparency for all investors,” added Victor Jung, head of digital assets at Hamilton Lane.
