Tokenized Lending Gets Boost from UAE’s First Abu Dhabi Bank

FAB and Libre Capital signed a MoU to provide tokenized collateralized lending. Libre has issued $150 million of tokenized versions of Brevan Howard funds. FAB will handle liquidity through lending credit lines on Libre’s assets. Blockchain and cryptocurrency adoption hit a new milestone as UAE’s First Abu Dhabi Bank (FAB) partnered with Libre Capital for blockchain-based collateralized lending. The two signed a Memorandum of Understanding (MoU) to collaborate on leveraging real-world asset (RWA) tokens for secured credit lines. Libre Capital, backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital, has already issued $150 million in tokenized assets since its launch in March. FAB plans to pilot a credit line that enables approved lenders to offer stablecoin loans secured by Libre’s RWA tokens. Libre launched in March and in the past eight months, have issued $150 million in tokenized versions of Brevan Howard funds, Hamilton Lane’s fixed-income products, and a BlackRock money-market fund. FAB will pilot a credit line that lets approved lenders provide stablecoin loans with Libre’s tokens as collateral. Read also : NEND Launch: Pioneering Re… The post Tokenized Lending Gets Boost from UAE’s First Abu Dhabi Bank appeared first on Coin Edition .

Source: Coin Edition