Bitcoin ETF

Delta

Polygon

Libre

Read

<p class="is-style-lead">Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management.</p>
<p>WebN Group and Laser Digital have <a href="https://www.bloomberg.com/news/articles/2024-01-10/brevan-howard-joins-in-on-institutional-push-to-tokenize-funds?utm_content=crypto&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter" data-type="link" data-id="https://www.bloomberg.com/news/articles/2024-01-10/brevan-howard-joins-in-on-institutional-push-to-tokenize-funds?utm_content=crypto&amp;utm_medium=social&amp;utm_campaign=socialflow-organic&amp;utm_source=twitter" target="_blank" rel="noopener noreferrer nofollow">jointly introduced</a> Libre, a web3 protocol powered by Polygon technology. <a href="https://crypto.news/nomura-launches-bitcoin-adoption-fund-for-institutional-investors/" data-type="link" data-id="https://crypto.news/nomura-launches-bitcoin-adoption-fund-for-institutional-investors/" rel="noopener noreferrer nofollow">Laser Digital</a>, 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.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum.<br><br>Introducing Libre, institutional web3 infrastructure for the distribution of alternative asset funds, launched by WebN and <a href="https://twitter.com/LaserDigital_?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@LaserDigital_</a>.… <a href="https://t.co/Ybs3Ul8Fzv" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Ybs3Ul8Fzv</a></p>— Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1745024302712570353?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">January 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>You might also like: <a href="https://crypto.news/cboe-announces-the-listing-of-several-bitcoin-etfs-pending-sec-approval/" rel="noopener noreferrer nofollow"> CBOE announces the listing of several Bitcoin ETFs pending SEC approval </a></p>
<p>Libre utilizes asset tokenization and smart contracts, focusing on regulatory-compliant issuance and management of alternative investments. The protocol is built on <a href="https://crypto.news/tag/polygon/" data-type="link" data-id="https://crypto.news/tag/polygon/" rel="noopener noreferrer nofollow">Polygon’s Chain Development Kit</a> (CDK), allowing the creation of purpose-built Layer 2 blockchains on Ethereum.</p>
<p>Libre’s founder, Dr. Avtar Sehra, with a history in <a href="https://crypto.news/the-future-of-ownership-belongs-to-asset-tokenization-opinion/" data-type="link" data-id="https://crypto.news/the-future-of-ownership-belongs-to-asset-tokenization-opinion/" rel="noopener noreferrer nofollow">real-world asset tokenization</a>, 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.</p>
<p>While Libre stands out in its innovation, it’s part of a broader trend in the industry. JPMorgan’s <a href="https://crypto.news/jpmorgan-blockchain-division-onyx-jpm-coin-live/" data-type="link" data-id="https://crypto.news/jpmorgan-blockchain-division-onyx-jpm-coin-live/" rel="noopener noreferrer nofollow">Onyx</a>, 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.</p>
<p>Read more: <a href="https://crypto.news/bloomberg-etf-analyst-bitcoin-etf-to-be-approved-today/" rel="noopener noreferrer nofollow"> Bloomberg ETF analyst: Bitcoin ETF to be approved today </a></p>

Brevan Howard participates in institutional effort to tokenize funds

crypto.news

Other articles published on Jan 10, 2024

BREAKING: Spot Bitcoin ETFs Approved By US SEC

EIB invests $30m in Seedstars Africa ventures to boost innovation across the continent

X (Twitter) Removes Support for NFTs

ETC Price Analysis: Support Stayed Intact for Bullish Investor

BRICS: China Stockpiles Gold for 14 Consecutive Months, Buys 9 Tonnes

Bitcoin Price Prediction: Dips to $46,000 Amid SEC Security Flaw & ETF Turmoil

Join our free newsletter for daily crypto updates!