Strategic Partnership · Crypto / Digital Assets · 2024

First Abu Dhabi Bank partners with Libre Capital for tokenized RWA lending

First Abu Dhabi Bank announced Memorandum of Understanding with Libre Capital on December 10, 2024.

Primary
First Abu Dhabi Bank
Counterparty
Libre Capital
Structure
Memorandum of Understanding
Date
December 10, 2024
Sub-sector
Crypto / Digital Assets

FAB will provide credit lines backed by Libre's $150M tokenized RWAs to enable stablecoin-based collateralized lending across public blockchains.

Primary company
First Abu Dhabi Bank
Counterparty
Libre Capital
Amount
Not disclosed
Event date
December 10, 2024
HQ
Not disclosed
Structure
Memorandum of Understanding
Source published
December 10, 2024
Publisher
Coinspeaker

Source: coinspeaker.com