Libre launches tokenized version of BlackRock money market fund

According to CoinDesk, the tokenization platform Libre, which collaborates with Nomura's Laser Digital, Brevan Howard's WebN Group, and Hamilton Lane, has gone live. Libre has added a tokenized version of BlackRock's money market fund, allowing investors to earn profits while parking their capital. CEO Avtar Sehra stated that they plan to engage in collateralized lending with Nomura's Laser Digital in early third quarter. Libre also integrated a blockchain-based version of BlackRock's money market fund using Ethereum layer two Polygon development toolkit for investors to earn profits while parking their capital. Sehra mentioned that the on-chain trading experience of Libre will be more comprehensive but the platform will focus on larger innovations in the future. He said: "Ultimately, we aim to launch collateralized lending around early third quarter with Nomura's Laser Digital as the initial liquidity provider."