10 months ago
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Web3 infrastructure for institutions
Laser Digital Holdings, a digital asset subsidiary of Nomura Holdings, announced on the 10th that it will launch Libre, a Web3 infrastructure for institutional investors, together with WebN, a Web3 corporate support hub.
Our new project Libre is now out of stealth and getting ready to take over RWA in private markets https://t.co/ZWWUFBEa3v via @business
— Olivier Dang (@odang75) January 10, 2024
Our new project, Libre, is now coming out of stealth and preparing to underwrite RWA (real assets) in the private market. (Laser Digital Venture Division Head: Mr. Olivier Dang)
Libre is a Web3 infrastructure designed for compliant issuance and management of alternative investments. The platform, built using Polygon’s Chain Development Kit (CDK), enables financial institutions to leverage the security of Ethereum to create and issue tokenized assets on their own L2 blockchain. .
By using tokenization and smart contracts, Libre enables efficient investment execution and lifecycle management, and is also looking to provide value-added services such as collateralized lending and automatic portfolio rebalancing. .
Libre is scheduled to launch in the first quarter of this year, with leading alternative investment manager Brevan Howard and leading private market investment manager Hamilton Lane agreeing to a strategic partnership with Libre, and the initial tokenization. Becomes the issuer of the fund.
What is RWA?
Abbreviation for “Real World Asset.” RWA that is tokenized on the blockchain includes real assets such as real estate, artwork, trading cards, and securities such as stocks and bonds.
Virtual currency glossary
connection:Nomura launches virtual currency venture capital
Founder of Libre
Avtar Sehra, founder and CEO of Libre, has pioneered efforts to tokenize securities and real-world assets (RWA) since 2014. Motsu. Nivaura became the first platform to receive a broker-dealer and custody license from the UK’s Financial Conduct Authority (FCA).
“Libre is inspired by the achievements of decentralized finance (DeFi) and has aimed to be fully decentralized from the beginning,” Sehra said. It aims to enable publishers and sellers to conduct transactions completely on-chain, without going through other platforms.
Regarding tokenization, Libre has a policy of not charging fees from fund operators, and expects to use revenue from the loan and SMA (separately managed account) business, which is scheduled to start in the second half of 2024, for business operations. It is said that there is
Our MVP (minimum viable product) goal is to increase assets under management by launching primary publishing services and driving integration with merchants, but as we build the future of wealth APIs, We are working closely with our partners and customers on our 2024 product roadmap, which includes secured lending and automated portfolio rebalancing.
Tokenization market expected to grow
According to the Boston Consulting Group, the real asset tokenization market could reach trillions of dollars by 2030, and traditional financial giants are currently working on RWA tokenization. The movement is becoming more active.
Citigroup also estimates that the tokenization market could grow to 720 trillion yen ($5 trillion) by 2030.
U.S. consultancy Bain & Company argues that tokenization could significantly revolutionize access to alternative investments, potentially generating 58 trillion yen ($400 billion) in annual revenue for the industry.
It is estimated that retail investors hold around $150 trillion globally, but only 5% of their assets are allocated to alternative investments due to their complexity, the firm noted.
Libre appears to be looking to tap into this wealthy group’s wealth by providing services to funds and investment advisors.
Libre partners with the world’s leading alternative asset managers and wealth advisors to provide high net worth investors with unparalleled access to the global alternative markets.
connection:Why investors are interested in real asset tokenization and what is Real World Assets (RWA)?
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