Today Libre unveiled plans to launch its web3 fund tokenization protocol this quarter with Brevan Howard and Hamilton Lane as the first asset manager partners. Libre is a joint venture between Alan Howard-backed WebN and Nomura’s digital asset subsidiary Laser Digital.
The institutional protocol will launch on a permissioned Polygon sidechain. Over time, as institutions become more comfortable with public blockchains, assets can be bridged onto the Polygon main net and other Ethereum-compatible permissionless blockchains.
Looking five to ten years into the future, founding CEO Avtar Sehra, who also founded Nivaura, believes in a multi-chain future where most activity will happen on public blockchains. However, there will still be permissioned infrastructure for certain functionality.
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