Institutional Web3 infrastructure protocol Libre has gone live for accredited investors today.
Developed by WebN Group and Laser Digital and powered by Polygon technology, Libre debuted in January, with agencies including Brevan Howard and Hamilton Lane set to be the first to use the platform.
Laser Digital is the crypto arm of financial services firm Nomura; WebN Group is an incubation center for fintech and Web3 innovators, backed by Laser Digital and Brevan Howard co-founder Alan Howard. The companies also work with Polygon
Labs worked closely together to develop the protocol.
It is reported that Libre utilizes asset tokenization and smart contracts and is designed for the issuance and management of alternative investments that comply with regulatory requirements. The protocol is built using Polygon CDK, which enables the development of dedicated, zero-knowledge-driven L2 blockchains on Ethereum. (The Block)