Sui and Libre Open On-chain Access to leading alternative funds with launch of crypto-native strategy from Nomura’s Laser Digital
By Libre Staff
Singapore, Abu Dhabi, London Feb 6, 2024 – Sui, a leading layer 1 blockchain purpose-built for tokenized real-world assets (RWAs) has partnered with Libre Capital, a leading financial instruments tokenization and issuance infrastructure developer, to provide accredited investors with on-chain access to a diverse range of attractive investment funds, including the tokenized Laser Carry Fund (LCF), a market-neutral digital asset strategy from Nomura’s Laser Digital. This partnership will provide those Sui users that are institutional or accredited investors with investment opportunities across a number of notable on-chain funds, including leading hedge funds, private credit funds and money market funds. In addition to LCF, Libre has tokenised funds from leading managers such as Blackrock, Brevan Howard and Hamilton Lane.
By leveraging Libre's capabilities and Sui’s robust ecosystem, the partnership will expand investment horizons for institutional and accredited investors seeking to diversify their portfolios within the digital asset landscape. "The launch of the ‘Libre Gateway’ on Sui is a huge step forward to enable access to wealth and treasury management tools for users on Sui, and for Libre to take advantage of MOVE DM based infrastructure to enable value added services like collateralised lending for on-chain users,” said Dr. Avtar Sehra, CEO and founder of Libre.
Laser Carry Fund (LCF) is a high-yield, market neutral strategy that takes advantage of funding rates and yield opportunities in the digital asset market. Through Laser Digital’s heritage, the LCF capitalises on capital markets and risk management expertise in traditional and digital markets.The LCF launch also reflects efforts to bring expertise from traditional financial institutions to digital asset markets by Libre, which recently announced a partnership with First Abu Dhabi Bank to revolutionise on-chain NAV financing.
Libre operates backbone infrastructure that allows investors to access tokenized versions of real world assets such as money market funds, private credit and hedge funds and other alternative asset products on public blockchains. Libre does this through the on-chain ‘Libre Gateway DeFi dApps’ (decentralised applications) deployed on each public chain. This enables institutional and accredited investors to directly access top-tier funds on Sui Chain in a regulatory-compliant manner.
“Leveraging Sui’s Move-based infrastructure to provide institutional and accredited investors with secure and scalable access to real-world assets is a powerful use case for the technology,” said Christian Thompson, Sui Foundation’s Managing Director. “Collaborating with Libre is another critical stepping stone for Sui to bridge the gap between traditional finance and crypto.”
"We are pleased to tokenize the Laser Carry Fund (LCF) with Libre on Sui, leveraging its innovative MOVE-based infrastructure,” said Florent Jouanneau, Partner at Laser Digital. “This milestone represents the first step in enabling greater composability and marks the beginning of many blockchain integrations as we expand access for institutional and accredited investors."
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the ground up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing user-friendly experiences.
For more information about Sui, please visit https://sui.io
About Libre Capital:
Libre is building the investment infrastructure to enable asset managers to seamlessly connect with distributors and enable unparalleled access to global alternatives investment funds. In addition, Libre is working on enabling access to value-add services in the alternative assets ecosystem such as collateralised lending and automated rebalancing. Currently, Libre only makes its tokenized funds available to institutional and accredited investors.
For more information about Libre, please visit https://www.librecapital.com
About Laser Digital:
Laser Digital is a digital asset business redefining the frontier of digital finance. Backed by Nomura, Laser Digital delivers scalable, robust opportunities across trading, solutions, asset management and ventures. The team works at higher risk management standards, compliance, and commercial viability, all driven by a belief in more responsible engagement in digital assets. With an open and dynamic culture, Laser Digital has the freedom to adapt to market needs, to move swiftly to capitalisation, and to share learnings with clients and partners – bringing greater confidence to the institutional market for the benefit of all.
For more information about Laser Digital, please visit https://www.laserdigital.com
Press Contacts:
Sui: media@sui.io
Libre: pr@librecapital.com
Laser Digital: media@laserdigital.com
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