First Abu Dhabi Bank (FAB) and Libre Capital have signed a Memorandum of Understanding for a pilot project using real-world asset (RWA) tokens as collateral for credit lines. FAB will provide credit lines against RWA tokens from Libre, including assets from Brevan Howard, Hamilton Lane, and BlackRock. The "Project HODL" initiative aims to create infrastructure for lending against tokens via Ethereum, Polygon, and other blockchains.
12/10/2024 4:00:38 PM (GMT+1)
First Abu Dhabi Bank and Libre Capital launch a pilot project: loans secured by RWA tokens from Brevan Howard, Hamilton Lane, and BlackRock through Ethereum, Polygon, and other blockchains 🚀
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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