April 19, 2024
Brevan Howard & Hamilton Lane Tokenize Assets
Latest Cryptocurrency News

Brevan Howard & Hamilton Lane Lead Asset Tokenization on Libre

Brevan Howard and Hamilton Lane are pioneering asset tokenization on Libre, an upcoming Web3 infrastructure provider. This initiative, backed by Brevan Howard’s WebN and Nomura’s Laser Digital, marks a significant step toward tokenizing assets within the Polygon network, allowing collateralized lending and automated rebalancing of separately managed accounts (SMAs).

Scheduled for launch in the first quarter of 2024, Libre aims to facilitate asset tokenization and smart contracts, enhancing access to alternative investments. Both Brevan Howard and Hamilton Lane have strategically partnered with Libre, aiming to revolutionize investment management and trade through tokenization.

Victor Jung, head of digital assets at Hamilton Lane, expressed their belief in the transformative potential of tokenization: “We believe that tokenization has the potential to revolutionize the way investments are managed and traded.”

Alternative investments encompass financial assets beyond traditional categories like stocks, bonds, and cash. They typically involve higher minimum investments, longer holding periods, and lower liquidity. Tokenization, the conversion of asset rights into digital tokens on a blockchain, stands to reshape alternative investments by democratizing access, improving liquidity, and enabling fractional ownership. Citi estimates the tokenization market could reach $5 trillion by 2030. Brevan Howard, known for its macroeconomic trading focus, plans to tokenize its illiquid asset portfolio through Libre. Meanwhile, Hamilton Lane aims to utilize the protocol for its fixed-income products.

Natalie Smith, head of strategy and client partnerships at Brevan Howard, highlighted the advantages: “The tokenization of funds allows us to offer investors a new way to access our strategies, providing them with optionality and further developing our platform to serve client needs.” As of July 2023, Brevan Howard managed assets estimated between $35 and $40 billion, while Hamilton Lane disclosed assets under management or supervision totaling $854 billion in September.

Decentralized finance growth in 2024 is expected to be driven significantly by institutional demand and regulatory compliance for asset tokenization.

Image by freepik

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