Libre, an institutional Web3 framework protocol for releasing and disbursing tokenized substitute assets, has been activated for deserving investors.
Libre was built by the WebN Group and Laser Digital and boosted by Polygon technology. It was first released in January, with players like Brevan Howard and Hamilton Lane being the initial utilizers of the platform.
Laser Digital is the crypto wing of Nomura, a financial solution company. WebN Group is a curator space for fintech and Web3 inventiveness, supported by Laser Digital and the Co-Founder of Brevan Howard, Alan Howard. There was the involvement of Polygon Labs too.
In November, JPMorgan joined with asset and wealth managers for tokenizing, buying, and rebalancing real-time asset positions throughout various blockchains. At the same time, SC Ventures, the inventive and investment wing of Standard Chartered delivered a tokenization platform, Libeara.
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Libre focuses on substitute investments and provides connectivity with money market funds from businesses such as BlackRock, allowing investors to keep their funds and transfer them to other markets.
In the words of the founder of Livre, Dr. Avtar Sehra, the company aims to offer total connectivity with high-level substitute investments by providing upgradable value-added solutions like money market options.
With asset tokenization and smart contracts, Libre ensures regulatory compliance and control of substitute investments. The protocol has been created using the Polygon Chain Development Kit (CDK), which allows the building of zero-knowledge boosted Layer 2 blockchains on Ethereum.
The project also incorporates more Layer 1 and 2 networks through the Libre Gateway, allowing accredited investors on different networks to connect with high level substitute investments and money market funds offered through Libre.
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According to the Global Head of Institutional Capital at Polygon Labs, Colin Butler, while the tokenization of institutional financial tools is in progress, inventive use cases will be the next stage of development.
