Tokenized funds go on-chain as Sui, Libre Capital expand blockchain finance

Sui users could soon benefit from expanded access to tokenized funds through a new partnership between the blockchain platform and Libre Capital.

The initiative will leverage the Sui (SUI) blockchain and is aimed at institutional and accredited investors. Its unveiling follows the launch of Libre Capital Gateway on Sui.

Libre Capital’s partnership with the layer 1 blockchain also involves Nomura Group’s Laser Digital and alternative investment manager Vulpes, according to an announcement.

Together, these platforms are working to advance an on-chain initiative that will allow the Sui community to access tokenized funds from major providers. The collaboration will provide access to tokenized hedge funds, private credit, and money market funds.

One of the funds coming to Sui is the tokenized Laser Carry Fund, a market-neutral strategy from Laser Digital. This high-yield strategy capitalizes on opportunities around funding rates and yield across the digital asset market.

Libre also issues tokenized funds from BlackRock, Brevan Howard, and Hamilton Lane, among other global asset managers.

“Leveraging Sui’s Move-based infrastructure to provide institutional and accredited investors with secure and scalable access to real-world assets is a powerful use case for the technology,” Christian Thompson, managing director of Sui Foundation, said.

Libre founder and chief executive officer Avtar Sehra noted that this partnership introduces wealth and treasury management tools to Sui users. It also enables the tokenization platform to utilize Move-based infrastructure for decentralized finance solutions like collateralized lending.

Bringing investment funds on-chain is a crucial step in bridging traditional finance and crypto, Thompson added.