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<ul class="news-points wp-block-list">
 <li>FAB and Libre Capital signed a MoU to provide tokenized collateralized lending.</li>
 <li>Libre has issued $150 million of tokenized versions of Brevan Howard funds.</li>
 <li>FAB will handle liquidity through lending credit lines on Libre’s assets.</li>
</ul>
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.
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The post <a href="https://coinedition.com/tokenized-lending-gets-boost-from-uaes-first-abu-dhabi-bank/" rel="noopener noreferrer nofollow">Tokenized Lending Gets Boost from UAE’s First Abu Dhabi Bank</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

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

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