{"id":144467,"date":"2024-12-11T15:30:30","date_gmt":"2024-12-11T13:30:30","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144467"},"modified":"2024-12-11T03:31:22","modified_gmt":"2024-12-11T01:31:22","slug":"uae-bank-teams-announces-new-partnership-for-blockchain-collateralized-lending","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/uae-bank-teams-announces-new-partnership-for-blockchain-collateralized-lending\/","title":{"rendered":"UAE Bank Teams Announces New Partnership for Blockchain Collateralized Lending"},"content":{"rendered":"

Through a newly signed Memorandum of Understanding (MoU), the collaboration<\/a> <\/strong>aims to enable collateralized credit lines, where lenders can provide loans backed by RWA tokens issued by Libre.<\/p>\n

Libre Capital, supported by Brevan Howard\u2019s WebN Group and Nomura\u2019s Laser Digital, launched in March and has since tokenized $150 million in assets. These include fixed-income products from Hamilton Lane and a BlackRock money-market fund. The partnership with FAB will focus on testing a new credit line system where stablecoins can be borrowed using Libre\u2019s tokenized assets as collateral.<\/p>\n

This move marks a significant step toward integrating traditional finance with blockchain technology, allowing crypto holders to use their tokens as collateral for loans. Libre\u2019s blue-chip RWA tokens gained attention after being proposed as collateral in a MakerDAO forum. As part of the deal, FAB will manage the liquidity of these assets and extend credit lines to lenders, using public blockchains like Ethereum, Polygon, and Solana for the transactions.<\/p>\n