Libre, a web3 infrastructure protocol for issuing and distributing tokenized alternative assets, has gone live for eligible investors.
The startup, collaborating with Nomura’s Laser Digital, Brevan Howard’s WebN group, and private markets giant Hamilton Lane, announced the launch on Tuesday. The partnership was announced in January.
The platform offers tokenized access to Brevan Howard funds, Hamilton Lane’s fixed-income products, and a blockchain-based version of a BlackRock money-market fund utilizing Ethereum layer 2 Polygon’s development kit. This allows investors to earn a yield while parking their capital.
According to Dr. Avtar Sehra, Libre’s founder, the integration of a tokenized money-market fund addresses clients’ demands for a means to park funds while earning returns and easily transitioning to other investments.
Tokenization, creating virtual blockchain representations of real-world assets, has become a focal point for major financial institutions venturing into public networks like Ethereum. Sehra stated that offering access to tokenized T-bills enhances Libre’s on-chain trading experience, though the platform aims for greater innovation.
In early Q3, Libre plans to launch collateralized lending with Nomura’s Laser Digital as the liquidity provider. This would provide access to collateralized lending for amounts as low as $50,000, a service typically reserved for those with tens of millions invested.
