Libre is expanding its crypto portal to the Solana network, which marks the first entry of a real-world asset (RWA) fund on the platform. They will integrate funds such as Hamilton Lane SCOPE, Brevan Howard Aggregate Fund, and BlackRock ICS Money Market Fund into Solana, with a total value locked (TVL) approaching $20 million before going public.
Migrating from Polygon CDK (Ethereum's layer 2 chain) to Solana can help boost performance through faster transaction processing and reduced latency. Libre also plans to launch a secondary trading service later this year, which could increase efficiency and transparency for investors.
Money market funds like Hamilton Lane SCOPE offer attractive yields (around 9%), providing added value to institutional traders by holding stablecoins.