EthereumIndustry AnalysisLINKNews

Brevan Howard participates in institutional effort to tokenize funds

1 Mins read

Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management.

WebN Group and Laser Digital have jointly introduced Libre, a web3 protocol powered by Polygon technology. Laser Digital, the crypto arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Laser Digital and Brevan Howard co-founder Alan Howard, collaborate on this project.

Libre utilizes asset tokenization and smart contracts, focusing on regulatory-compliant issuance and management of alternative investments. The protocol is built on Polygon’s Chain Development Kit (CDK), allowing the creation of purpose-built Layer 2 blockchains on Ethereum.

Libre’s founder, Dr. Avtar Sehra, with a history in real-world asset tokenization, envisions additional use cases such as collateralized lending and automated portfolio rebalancing. Scheduled to go live in Q1 2024, Libre has already gained interest from investment management firms Brevan Howard and Hamilton Lane. Both anticipate using the platform, emphasizing its potential to revolutionize investment management and trading through tokenization.

While Libre stands out in its innovation, it’s part of a broader trend in the industry. JPMorgan’s Onyx, WisdomTree, Apollo, and others collaborated on a blockchain interoperability proof-of-concept for investment portfolio management. SC Ventures also launched Libeara, a tokenization platform, with the SGD Delta Fund being the first to use it, receiving an AA rating from Moody’s.


Source

1409 posts

About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
Articles
Related posts
CryptoNews

Indonesia's presidential elections pose uncertainty for the thriving cryptocurrency industry

1 Mins read
Indonesia, has emerged as a formidable player in the global cryptocurrency space in recent years. However, the nation’s upcoming general elections in…
BNBCryptoNews

Understanding the Cryptocurrency Boom - Dogecoin Climbs Due to X Payment Integration, While Stellar and BNB Also Experience Growth

1 Mins read
The cryptocurrency market has been experiencing notable gains over the past few days. This is led by an unexpected and surprising spike…
CryptoNews

Crypto Entrepreneur Charged with Defrauding Investors Out Of $150 Million Through Marketing Scheme

1 Mins read
Federal prosecutors have charged a German businessman with securities fraud, wire fraud and money laundering for allegedly scamming over 150 investors out…

🚀 Ailtra Crypto Bot Earned $8.9M Million in 7 Months with 0% Loss!

🚀 Ailtra generated $7.4 in 7 months only!

Unlock 20-75% Monthly Returns & Get $100 FREE!

Meet Ailtra Bot! Launching on 31st March an AI Crypto Bot boasting 20%-75% monthly gains and $7.5M earnings in 7 months. 💸Secure a FREE $100 bonus and up to $20K potential via referrals every month. 🎉Only 1,000 spots are available in first phase – claim yours fast! 🔥

Ailtra.ai will not disclose your account information to any 3rd parties.