TechFlow news — On December 10, according to CoinDesk, First Abu Dhabi Bank (FAB) has signed a memorandum of understanding with tokenization platform Libre Capital to provide blockchain-based RWA token collateralized lending services for approved lenders. Libre Capital has currently issued approximately $150 million in tokenized assets, including Brevan Howard funds, Hamilton Lane fixed-income products, and BlackRock money market funds.
The project, named "Project HODL" (High Yield Optimized Decentralized Liquidity), will operate on Ethereum, Polygon, Solana, NEAR, Aptos, and BASE. Sameh Al Qubaisi, Head of Global Markets at FAB Group, stated that the initiative will deliver fully compliant, automated credit services for tokenized asset collateral.
Dr. Avtar Sehra, Founder and CEO of Libre, revealed that the platform previously proposed in September to MakerDAO to use its high-grade RWA tokens as collateral. Currently, Libre is collaborating with brokers and existing lenders such as Laser Digital to access stablecoin credit lines through institutions like FAB.
