PANews reported on December 10 that First Abu Dhabi Bank (FAB) signed a memorandum of understanding (MoU) with Libre Capital, a company focused on asset tokenization, to collaborate on a blockchain-based mortgage pilot using real-world asset (RWA) tokens as collateral. Libre has issued approximately $150 million in tokenized assets, including Brevan Howard Funds, Hamilton Lane's fixed income products, and BlackRock money market funds.

According to the agreement, FAB will provide credit lines to approved lending institutions, allowing them to use tokenized assets issued by Libre as collateral for stablecoin loans. The cooperation will manage liquidity through public chains such as Ethereum, Polygon, Solana and Coinbase's Layer2 network BASE.