Renowned infrastructure provider Libre has launched a new web3 protocol that will bring traditional investment funds to the Aptos blockchain. According to a new post released on its official X (Twitter) page on Friday, the initiative will create more room for investors from the traditional finance sector to interact with the blockchain sphere. 

Consequently, Libre is set to launch funds like the Brevan Howard Master Fund, Hamilton Lane’s Senior Credit Opportunities Fund, and the ICS Money Market Fund by BlackRock. In combination, the funds hold a reported $91 billion in assets under management (AUM). 

Meanwhile, before launching its tokenized funds on Aptos, Libre has established its investment instrument on popular networks like Solana and Near. Following the launching of the tokenized fund on Aptos, Libre has been a reliable pathway for traditional investors to interact with the crypto landscape. 

As revealed, the Gateway DeFi DApps of Libre will permit approved professional and institutional investors to access the funds on Aptos. However, tokenized assets are gaining relevance among investors due to how they permit them to invest in established funds. 

The tokenized assets sector is on the course to hit up to $5 trillion by 2030. Presently, investors have converted more than $1.6 billion worth of securities to digital assets. 

Side Note on Aptos and Libre 

It is worth mentioning that Libre is a new joint venture involving WebN Group and Nomura’s Laser Digital. More so, Libre will function as the underlying infrastructure for introducing real-world assets (RWAs) on the Aptos blockchain. 

The Libre protocol launched in early 2024, initially supporting tokenized assets and smart contracts on the Polygon blockchain.

On the flip side, Aptos is set to enjoy significant attention following the synergy with Libre. The network has earned a good reputation in the crypto community for its ambitious move to bring blockchain innovations closer to the masses. 

Shortly after the news about the launching of Libre’s funds on the network hit the media space, APT ($5.58), the native token of the Aptos blockchain, went up slightly by 1.4%. However, the launching of the funds on Aptos surfaced shortly after the network launched its latest Byzantine Fault Tolerant (BFT) consensus protocol. 

The new consensus model will help users to attain high throughput on Aptos while ensuring optimal theoretical latency. With the new model, Aptos can still complete voluminous transactions in no time, even during network congestion. 

Likewise, Aptos intends to release the Raptr update in two stages to facilitate seamless integration into the fast-growing ecosystem. The initial phase will launch soon, as the project aims to release a whitepaper that will provide insight into the features of the consensus protocol. 

Read More:

• French authorities arrest Telegram founder
• Ocean Protocol postpones incentive program amid dashboard upgrade
• Tether to launch UAE Dirham-pegged stablecoin

The post Libre set to launch investment funds on Aptos appeared first on BinBits.