NEAR Protocol Opens Doors to Major Funds, Surpassing $100 Million in Assets

TL;DR
- Users of the NEAR protocol can now invest in funds like the Hamilton Lane credit fund and the Brevan Howard Master Fund, showcasing growing institutional interest in blockchain assets.
- Libre, the tokenization firm behind this initiative, has surpassed $100 million in assets under management and plans to introduce new features, including collateralized lending, by the end of the year.

Users of the NEAR protocol can now access a range of investment options, including the Hamilton Lane credit fund and the Brevan Howard Master Fund, as announced by Libre. This marks a significant milestone for the firm, which has quickly surpassed $100 million in assets under management since its launch just four months ago, reflecting a strong institutional interest in blockchain-based financial assets.

The introduction of real-world asset (RWA) funds on NEAR is a crucial part of Libre's multichain strategy. By leveraging the blockchain’s “Chain Signatures” feature, users can transact seamlessly across various ledgers without the need for cross-chain bridges, enhancing both flexibility and accessibility in managing their investments.

Looking ahead, Libre is set to roll out features such as collateralized lending and a new market-neutral fund in partnership with the Laser Digital team, expected to launch in October. This expansion demonstrates Libre's commitment to diversifying its offerings and providing users with a broader array of investment opportunities.

What are your thoughts on the growing trend of blockchain-based investment funds?

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