Tokenized Lending Gets Boost from UAE’s First Abu Dhabi Bank

Quick Summary:

Blockchain and cryptocurrency adoption hit a new milestone as UAE’s First Abu Dhabi Bank (FAB) partnered with Libre Capital for blockchain-based collateralized lending.

The two signed a Memorandum of Understanding (MoU) to collaborate on leveraging real-world asset (RWA) tokens for secured credit lines.

Libre Capital, backed by Brevan Howard’s WebN Group and Nomura’s Laser Digital, […]

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Article Details

Author / Journalist: Ikemefula Aruogu

Category: Crypto

Markets: India

Topics: Market News Market Cryptocurrency News Dubai Blockchain News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-10 @ 16:00:00 (2 weeks ago)

News Timezone: GMT +0:00

News Source URL: coinedition.com

Language: English

Article Length: 158 words

Reading Time: 1 minutes read

Sentences: 48 lines

Sentence Length: 4 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinedition

News ID: 24332246

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About Coinedition

Main Topics: Crypto

Official Website: coinedition.com

Update Frequency: 12 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #124

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