Demex Daily #231: Libre Joins NEAR and Surpasses $100M in Multichain Tokenized Assets

What’s Interesting Today:

Libre, a tokenization firm backed by Brevan Howard, has launched on the NEAR blockchain, enabling users to access and manage tokenized credit and hedge funds like the Hamilton Lane credit fund, Brevan Howard Master Fund, and Blackrock ICS Money Market Fund. NEAR’s Chain Signatures feature allows these assets to be transferred and managed across multiple blockchains without the need for cross-chain bridges. Since its launch four months ago, Libre has surpassed $100 million in assets under management and plans to introduce features like collateralized lending and a new market-neutral fund later this year.

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UBD Network has launched DeTrust Wallet, a new Web3 wallet enabling decentralized cryptocurrency inheritance. This multisignature wallet allows users to create complex inheritance plans, such as delayed asset transfers and designated spending funds. DeTrust Wallet offers a cost-effective alternative to traditional trusts, which can exceed $50,000, making it an attractive solution for passing on crypto wealth. The wallet ensures secure asset transfer to heirs through decentralized trusts, which automatically execute transactions after inactivity to prevent permanent loss. This innovative approach is expected to gain prominence in the crypto inheritance market.