Libre

Polygon

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/libre-launches-as-a-pioneering-web3-protocol-for-tokenized-asset-distribution/" data-wpel-link="internal">Libre Launches as a Pioneering Web3 Protocol for Tokenized Asset Distribution</a> 
A significant development has occurred for the world of tokenized assets. The launch of Libre, a corporate <a href="https://en.coin-turk.com/web3-enthusiast-emerges-as-a-president/" data-wpel-link="internal">Web3</a> infrastructure protocol designed for the export and distribution of tokenized alternative assets, serving suitable investors, has been announced. 
<h2 style="text-align: justify" id="supported-by-polygon-s-technology">Supported by Polygon’s Technology</h2> 
WebN Group and Laser Digital, supported by <a href="https://en.coin-turk.com/analysis-of-matics-recent-performance-and-future-expectations/" data-wpel-link="internal">Polygon</a>‘s technology, developed Libre, which has attracted the attention of major corporate players, including planned early users Brevan Howard and Hamilton Lane. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-330201" src="https://coin-turk.com/wp-content/uploads/2024/03/Polygon-Libre.jpeg" alt="" width="1200" height="675"> 
Initially introduced in January, Libre represents a collaboration between financial services company Nomura’s crypto arm Laser Digital and WebN Group, an incubation center for fintech and Web3 innovators. The project also received support from Polygon Labs during its development. 
While not the only project focused on tokenizing funds, Libre differentiates itself by primarily focusing on alternative investments and providing access to money market funds from companies like BlackRock. Libre’s founder Dr. Avtar Sehra stated that this allows investors to securely place their funds with the flexibility to shift into alternative markets. 
The protocol utilizes asset tokenization and smart contracts to facilitate the compliant issuance and management of alternative investments. Built using the Polygon Chain Development Kit (CDK), Libre enables the development of purpose-built, zero-knowledge Layer 2 <a href="https://coin-turk.com/defi-tarihindeki-en-buyuk-hack-saldirisi-gerceklesti-kayip-dudak-ucuklatiyor" data-wpel-link="internal">Blockchain</a>s operating on <a href="https://en.coin-turk.com/decisive-moments-for-crypto-etfs-following-feds-interest-rate-decision/" data-wpel-link="internal">Ethereum</a>. 
Additionally, Libre is working on integration with other Layer 1 and Layer 2 networks through Libre Gateway. This integration will allow accredited, professional, and institutional investors on other networks to access high-level alternative investments and money market funds provided through Libre. 
<h2 style="text-align: justify" id="strong-launch-receives-congratulations-from-polygon-labs-butler-strong">Launch Receives Congratulations from Polygon Labs’ Butler</h2> 
Polygon Labs’ Global Head of Corporate Capital, Colin Butler, emphasized the importance of Libre’s launch, stating that as the foundation and infrastructure for the tokenization of corporate financial instruments are established, innovative use cases will emerge as the next phase of development. 
Butler added that Libre Gateway lays the groundwork for a radically improved global financial system. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/libre-launches-as-a-pioneering-web3-protocol-for-tokenized-asset-distribution/" data-wpel-link="internal">Libre Launches as a Pioneering Web3 Protocol for Tokenized Asset Distribution</a></h5>

Libre Launches as a Pioneering Web3 Protocol for Tokenized Asset Distribution

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