Tokenization Firm Libre Launches with Backing from Brevan Howard

By: Isha Das

Libre, a tokenization firm backed by Brevan Howard, has launched, providing investors with the opportunity to earn yield from tokenized versions of money-market funds like BlackRock. This firm's initiative marks a significant step in enabling the tokenization of alternative assets.

This launch is the result of a collaboration between WebN, a web3 incubator hub, and Laser Digital, the digital asset subsidiary of Nomura, a Japanese investment bank. Initially, Libre aimed to tokenize alternative investments by partnering with Hamilton Lane, a private markets investment management company.

Libre has also announced plans to introduce collateralized lending later this year in partnership with Laser Digital. As it currently stands, Libre caters to EVM-based investors but aims to integrate with various Layer 1 and Layer 2 protocols through the Libre Gateway constructed using Polygon CDK. This development will enable accredited professional and institutional investors from other networks to access Libre's offerings.

Dr. Avtar Sehra, CEO and founder of Libre, emphasized that this launch is just the initial stage in Libre's extensive roadmap aimed at making alternative investments and valuable services like the money market facility and the soon-to-be-launched collateralized lending service accessible on a larger scale.