Polygon Labs has introduced the Libre Chain, a protocol powered by the Polygon CDK and supported by major players in institutional blockchain adoption. This protocol will provide unprecedented access to global alternative investment funds and offer wider distribution capabilities for asset managers.
Introducing Libre
Polygon unveiled the Libre Chain, a protocol powered by the Polygon CDK and supported by influential names in institutional blockchain adoption. The post by Polygon emphasized that “Institutions have arrived on Polygon.”
Libre Backers
Libre has garnered support from notable institutions in the blockchain industry. These include Laser Digital, a subsidiary of Japan’s largest investment bank Nomura Group, WebN Group, an incubation hub supported by alternative investment giant Brevan Howard, and Hamilton Lane and Avtar Sehra. The Libre Chain will empower regulated institutions to tokenize and issue alternative investments, enabling broader distribution for asset managers.
Unlocking New Investment Opportunities
Polygon co-founder Sandeep Nailwal expressed delight at Libre’s selection of the Polygon CDK for its scalability and security. He emphasized the project’s potential to unlock new investment opportunities. Polygon CDK is positioning itself as the ideal platform for bringing institutional assets on-chain.
Hot Take: Libre Chain Revolutionizes Alternative Investments with Polygon CDK
Polygon Labs’ introduction of the Libre Chain protocol powered by the Polygon CDK marks a significant advancement in the world of alternative investments. With backing from major institutions in the blockchain industry, Libre Chain offers unparalleled access to global alternative investment funds and broader distribution capabilities for asset managers. This collaboration between Polygon and Libre showcases the immense potential of blockchain technology in revolutionizing the financial landscape. The launch of the Ethereum Layer-2 chain in Q1 2024, along with additional services such as collateralized lending and automated portfolio rebalancing, will further enhance Libre Chain’s appeal. By selecting the Polygon CDK for its scalability and security, Libre Chain is propelling the blockchain industry into a new era of investment opportunities.
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