Innovative Financial Accessibility through Libre and Solana Collaboration

Libre, a joint venture between WebN Group and Nomura’s Laser Digital, has introduced a cutting-edge Web3 protocol on the Solana network to facilitate the issuance and distribution of funds. This initiative includes making Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) accessible on Libre1, thus enabling Solana users to invest in a variety of on-chain funds, including the Brevan Howard Master Fund and BlackRock ICS Money Market Fund.

Bridging Real World Assets with Blockchain Technology

Libre serves as a foundational infrastructure, linking Real World Assets (RWAs) like private markets, alternative assets, and money market funds to users on public blockchains. This is achieved through the on-chain Libre Gateway DeFi dApps (decentralized applications) deployed across multiple public chains. Consequently, accredited, professional, and institutional investors on networks such as Solana can directly access premier funds on-chain in a compliant manner, alongside ancillary services for secondary trading and collateralized lending. The first cross-chain transactions were executed on Solana via the MVP Libre Gateway.

Enhancing Investment Opportunities on Solana

Hamilton Lane’s SCOPE Access Fund, now available through Libre on Solana, offers investors a diversified, multi-manager portfolio designed to provide consistent performance and cash yield across market cycles. This evergreen vehicle also offers immediate capital deployment and monthly liquidity options, enhancing the investment flexibility for Solana users.

Executive Insights

Dr. Avtar Sehra, CEO and founder of Libre, stated, “The launch of the Libre Gateway on Solana marks a significant advancement in providing access to wealth and treasury management tools for Solana users. By leveraging Solana’s low latency and high throughput, Libre is positioned to introduce innovative new services.”

Victor Jung, Head of Digital Assets at Hamilton Lane, expressed, “As a leader in the tokenization of private market funds, partnering with Libre, a pioneer in fund distribution innovation, allows us to reach a broader range of investors on Solana. This initiative broadens access to the historically strong returns of private markets while enhancing efficiency and transparency for all investors.”

Nick Ducoff, Head of Institutional Growth at the Solana Foundation, commented, “Libre’s launch on Solana democratizes access to premium financial products with lower minimums, catering to a global investor base. By leveraging Solana’s high performance, speed, and security, Libre enables accredited investors to access a diverse range of top-tier private funds directly on-chain. This development highlights blockchain technology’s transformative potential in expanding financial market participation.”

Expanding Horizons with Comprehensive Investment Solutions

While Libre’s primary focus is on enabling access to private markets and alternative investments like the Hamilton Lane Scope Private Credit Fund, it also provides cost-effective access to established money market funds such as the BlackRock ICS USD Liquidity Fund. This ensures investors have the flexibility to move in and out of alternative markets as they choose. Additionally, Libre offers more crypto-native funds, such as Laser Digital’s new Market Neutral Fund, which has already garnered substantial interest ahead of its September launch.

Libre amalgamates institutional heritage and alternative investment expertise from WebN Group, an incubation hub for fintech and Web3 innovation, and Nomura’s digital assets arm, Laser Digital. Throughout 2024, Libre plans to roll out numerous services to Solana users via the Libre Gateway.

Expert Endorsements

Himanshu Panwar, CEO at WebN Group, stated, “WebN Group is proud to support and contribute our blockchain technology and capital markets expertise to Libre’s development. By providing a secure and efficient platform for treasury management issuance and operations, Libre is set to transform the traditional investment landscape.”

Dr. Jez Mohideen, CEO at Laser Digital, added, “Laser Digital is committed to delivering secure, compliant digital asset products and infrastructure for professional users. We believe Libre’s innovative approach to tokenized funds will significantly enhance investor confidence and promote greater adoption of blockchain technology and tokenization within the alternative investment industry and broader capital markets.”