WebN Group and Laser Digital, a global financial firm Nomura division, have teamed up to launch a new web3 protocol named Libre, powered by Polygon’s technology. With the support of Alan Howard of Brevan Howard, this initiative represents a significant collaboration in the fintech and web3 sector.
Libre focuses on asset tokenization and smart contracts to offer regulatory-compliant issuance and management of alternative investments.
Utilizing Polygon’s Chain Development Kit, Libre allows the creation of specialized Layer 2 blockchains on Ethereum, enhancing the scope of blockchain applications in financial services.
Dr. Avtar Sehra, a pioneer in real-world asset tokenization, leads the Libre project. He envisions expanding Libre’s functionalities to include collateralized lending and automated portfolio rebalancing.
Set for official launch in early 2024, Libre has garnered interest from major investment firms like Brevan Howard and Hamilton Lane, recognizing its potential to transform investment management through tokenization.
Libre is part of a broader trend in the financial industry towards integrating blockchain in investment processes.
It’s comparable to initiatives like JPMorgan’s Onyx and WisdomTree in blockchain interoperability, and SC Ventures’ Libeara, a tokenization platform used by the SGD Delta Fund.Â
Additionally, its approach to alternative investment management using web3 technology signifies a pivotal shift in the financial sector, highlighting the growing importance of blockchain in creating a more interconnected and efficient investment management landscape.
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