tl;dr
Libre, a new tokenization platform, has been announced with Nomura's Laser Digital and the Alan Howard-Backed WebN Group as its first users. Led by Avtar Sehra and built using Polygon CDK, Libre aims for full decentralization and compliance in its infrastructure. It plans to launch in the first quar...
Libre, a new tokenization platform, has been announced with Nomura's Laser Digital and the Alan Howard-Backed WebN Group as its first users. Led by Avtar Sehra and built using Polygon CDK, Libre aims for full decentralization and compliance in its infrastructure. It plans to launch in the first quarter with hedge fund and private credit fixed-income products, with a focus on reducing operational costs and potentially making money from value-add web services.
Heavy hitters from the world of institutional cryptocurrency investing like Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets giant Hamilton Lane are foundational partners and the first users of a newly established tokenization platform called Libre, the companies said on Wednesday. Libre emerges from stealth mode under the leadership of tokenization pioneer Avtar Sehra, and is constructed using Polygon CDK, the blockchain development kit of the Ethereum-based scaling network. These days, tokenization – the creation of a virtual version of a real-world asset (RWA) on the blockchain – is all the rage, and the big financial firms working on it seem to accept that public blockchains are the general direction of travel, even if they remain queasy about fully embracing that reality.
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