Brevan Howard Joins Institutional Efforts to Tokenize Funds
[ad_1]
Libre is a breakthrough web3 protocol launched by WebN Group and Laser Digital that uses Polygon technology for regulatory-compliant alternative investment management.
WebN Group and Laser Digital have joint introduction Libre, a Web3 protocol powered by Polygon technology. Nomura’s cryptocurrency arm Laser Digital is partnering on the project with WebN Group, a fintech and web3 incubation center backed by Laser Digital and Brevan Howard co-founder Alan Howard.
Libre focuses on the compliant issuance and management of alternative investments using asset tokenization and smart contracts. The protocol is built on Polygon’s Chain Development Kit (CDK), which allows the creation of dedicated layer 2 blockchains on Ethereum.
Libre’s founder, Dr. Avtar Sehra, has experience tokenizing real-world assets, and he envisions other use cases such as mortgage lending and automated portfolio rebalancing. Libre is scheduled to go live in the first quarter of 2024 and has already attracted interest from investment management firms Brevan Howard and Hamilton Lane. Both men anticipate using the platform and highlighted its potential to revolutionize investment management and trading through tokenization.
While Libre stands out in terms of innovation, it’s part of a broader trend in the industry. JPMorgan Chase’s Onyx, WisdomTree, Apollo and others have collaborated to develop a proof-of-concept for blockchain interoperability for portfolio management. SC Ventures also launched the tokenization platform Libeara, which was first used by the SGD Delta fund and received an AA rating from Moody’s.
