Brevan Howard joins institutional effort to tokenize funds

Asset tokenization will be done in collaboration with Libre Capital, a Laser Digital backed company

article-image

Colleen Sullivan, Brevan Howard Digital | Blockworks Permissionless 2022

share

Investment management platforms Brevan Howard and Hamilton Lane will be the first asset managers to tokenize their funds.

This will be done in collaboration with Libre Capital, a startup that is backed by Laser Digital and Alan Howard-backed WebN Group. 

Libre plans to go live in the first quarter of 2024 and enable asset tokenization and collateralized lending through the Polygon’s PoS Ethereum sidechain. 

Brevan Howard has long been an active participant in the cryptocurrency space through its various investments in blockchain startups.

Its decision to tokenize its funds will enable the fund management company to bring liquidity into assets that would otherwise be idle. 

Over the past few months, asset tokenization has become a popular narrative within the cryptocurrency space, and this trend is predicted to continue throughout 2024. 

Read More: Tokenized real-world assets are more than a Web3 Robinhood

In fact, according to rwa.xyz, a platform that tracks on-chain tokenization, there is now over $585 million worth of active loans on the blockchain. 

The cumulative value for all these loans has reached $4.5 billion and it is estimated that, on average, borrowers are paying an estimated 9.57% APR for their loans. 

Most recently, digital asset liquidity provider Enigma Securities partnered with Circle-backed tech company OpenTrade to bring yield-bearing US Treasury Bills on-chain.

Brevan Howard did not respond to Blockworks’ request for comment before publishing time.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research Report Templates.png

Research

Pipe Network is a decentralized content delivery network (dCDN) that replaces the sparse, capital intensive data center footprint of traditional CDNs with a permissionless mesh of independent node operators. By orchestrating under-utilized resources that already exist at the edge, rather than purchasing or leasing thousands of servers, Pipe slashes capital intensity while letting supply expand autonomously in the places where bandwidth is scarcest and most expensive.

article-image

ETH’s “breakout marks a significant structural shift and clears the path towards…$4,000,” Kraken’s OTC desk noted

article-image

Fiscal dominance isn’t about interest rates and it isn’t about Trump, either

article-image

Firestarter Storage brings decentralized storage and delivery to Solana

article-image

After lengthy closing arguments on Wednesday, the case is now in the hands of 12 jurors

article-image

Analysts cite weak trading volume and regulatory progress as factors

article-image

Builders weigh in on Ethereum’s first decade and the decisions that will define its next one