Hamilton Lane’s Senior Credit Opportunities Fund (SCOPE) is now accessible on the Solana blockchain through Libre, a new Web3 protocol launched by a joint venture between WebN Group and Nomura’s Laser Digital. This innovative partnership aims to democratize access to alternative investments and private markets by leveraging the capabilities of the Solana network.
Libre acts as a bridge, connecting Real World Assets (RWAs) like private market funds to users on public blockchain networks. The Libre Gateway DeFi dApp enables accredited, professional, and institutional investors to directly access top-tier funds on-chain in a compliant manner. The first cross-chain transactions on Solana have already taken place through the Libre Gateway.
Dr. Avtar Sehra, CEO and founder of Libre, emphasized the significance of this launch, highlighting how Solana’s low latency and high throughput capabilities enable innovative financial services. Victor Jung, Head of Digital Assets at Hamilton Lane, expressed excitement about the partnership, noting how it will expand access to the historically strong returns of private markets, enhancing efficiency and transparency for investors.
Nick Ducoff from the Solana Foundation pointed out that this move democratizes access to high-quality financial products, making them available to a global investor base. Libre’s mission is to provide the lowest cost access to a spectrum of well-established money market funds, ensuring investors have flexibility and security in their investments.
Libre combines the institutional expertise of WebN Group and Nomura’s Laser Digital, aiming to transform the traditional investment landscape by enabling access to private markets and alternative investments on public chains. This initiative marks a significant step towards integrating blockchain technology into mainstream financial markets, promising a more inclusive and efficient investment environment.
