Introducing Libre: A Web3 Protocol for Alternative Investment Management
Libre, a revolutionary web3 protocol developed by WebN Group and Laser Digital, has harnessed the power of Polygon technology to offer regulatory-compliant alternative investment management solutions. This collaboration brings together Laser Digital, the cryptocurrency arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Brevan Howard co-founder Alan Howard.
The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum. Introducing Libre, institutional web3 infrastructure for the distribution of alternative asset funds, launched by WebN and Laser Digital.
Libre leverages asset tokenization and smart contracts to focus on the issuance and management of alternative investments while complying with regulatory requirements. The protocol is built on Polygon’s Chain Development Kit (CDK), enabling the creation of purpose-built Layer 2 blockchains on Ethereum.
Dr. Avtar Sehra, founder of Libre and an expert in real-world asset tokenization, envisions additional use cases such as collateralized lending and automated portfolio rebalancing. Scheduled to launch in Q1 2024, Libre has already garnered interest from prominent investment management firms Brevan Howard and Hamilton Lane, who see its potential to revolutionize investment management and trading through tokenization.
This innovative project aligns with a larger trend in the industry. JPMorgan’s Onyx, WisdomTree, Apollo, and others recently collaborated on a proof-of-concept for blockchain interoperability in investment portfolio management. Additionally, SC Ventures introduced Libeara, a tokenization platform that received an AA rating from Moody’s and saw its first user in the SGD Delta Fund.
Hot Take: Libre’s Potential to Transform Alternative Investment Management
Libre, powered by Polygon technology, is poised to disrupt the alternative investment management landscape. With its focus on regulatory compliance and innovative features like asset tokenization and smart contracts, Libre offers a promising solution for investment firms looking to embrace the benefits of web3 protocols. By collaborating with industry giants like Brevan Howard and Hamilton Lane, Libre has already gained significant attention and support. As the launch date approaches, the anticipation for Libre’s impact on investment management and trading through tokenization continues to grow. This project exemplifies the ongoing evolution of the industry, where blockchain technology is driving transformative change and opening up new possibilities for investors.
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