Summary
Investment management platforms Brevan Howard and Hamilton Lane are set to tokenize their funds in collaboration with startup Libre Capital. This move will allow the asset managers to bring liquidity to idle assets. Asset tokenization has become popular in the cryptocurrency space, with over $585 million worth of active loans on the blockchain. It is estimated that borrowers are paying an average of 9.57% APR for these loans. Brevan Howard has been active in the cryptocurrency space through its investments in blockchain startups.
Key Points
1. Investment management platforms Brevan Howard and Hamilton Lane are set to tokenize their funds in collaboration with Libre Capital, a startup backed by Laser Digital and Alan Howard-backed WebN Group.
2. Libre plans to launch in the first quarter of 2024 and will facilitate asset tokenization and collateralized lending through Polygon’s PoS Ethereum sidechain.
3. Tokenization of assets has gained significant popularity in the cryptocurrency space, with over $585 million worth of active loans on the blockchain, reaching a cumulative value of $4.5 billion.