Investors can access trustworthy money market funds managed by companies such as BlackRock through Libre.
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After a successful cross-chain transaction on Polygon, Libre, the institutional Web3 infrastructure platform, has officially gone on-chain, opening the door for the tokenization of alternative assets.
Libre is a joint venture of Japan-based investment bank Nomura’s digital asset subsidiary, Laser Digital, and WebN, a web3 incubator hub.
The web3 platform is said to have worked with private markets investment management company Hamilton Lane and alternatives manager Brevan Howard earlier this year to concentrate on tokenizing alternative investments.
Investors can access reliable money market funds managed by companies such as BlackRock through the platform. This would make it possible for investors to safely park their money and distribute it among alternative markets.
In the meantime, Libre intends to expand its offerings to meet the needs of investors by introducing collateralized lending later this year in collaboration with Nomura’s Laser Digital.
Despite being EVM-based at the moment, Libre hopes to interface with many Layer 1 and Layer 2 protocols via its Libre Gateway, which was constructed with Polygon CDK. Libre’s offerings, such as money market funds and alternative investments, will be accessible to accredited professional and institutional investors from other networks thanks to this integration.
The platform’s roadmap for this year includes this launch as the first step, according to Libre’s CEO and founder, Dr. Avtar Sehra. He underlined Libre’s goal of providing unmatched access to premium alternative investments along with scalable value-added services such as the money market facility that was just introduced and the collateralized lending service that will soon be available.
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Polygon Labs’ Global Head of Institutional Capital, Colin Butler, was likewise enthusiastic about the Libre gateway and anticipated its contribution to the widespread accessibility and effectiveness of blockchain services. He continued, saying:
“Libre Gateway is paving the way for blockchain services to become accessible and proficient at scale. We are thrilled to be able to foster this entry point for tier-1 funds on Libre, and see the Gateway as the foundation of a radically improved global financial system.”
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