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First Abu Dhabi Bank Joins Tokenization Firm Libre for Collateralized Lending

First Abu Dhabi Bank (FAB) has signed an MoU with Libre Capital to conduct blockchain-based collateralized lending using real-world asset tokens. Libre has already issued $150 million worth of tokenized assets, and FAB will pilot a credit line for stablecoin lending using these tokens as collateral. FAB will provide liquidity through lending credit lines on various public chains. This partnership is part of Libre's Project HODL, aimed at optimizing decentralized liquidity. FAB views the initiative as a way to drive innovation and enable secure credit facilities in the region.

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