Hassan Maishera
The Polygon Labs team announced via a blog post on Wednesday that WebN and Laser Digital have launched Libre, a new alternative investment infrastructure designed for asset managers and distributors, on Polygon.
Libre is launched on a dedicated chain built with the Polygon Chain Development Kit (CDK) to enable unparalleled access to global alternative investment funds.
Polygon Labs explained that Libre is designed for the legal and regulatory-compliant issuance and automated lifecycle management of alternative investments. It empowers regulated institutions globally to create and issue their own onchain tokenized assets. Leading alternative investment management firm Brevan Howard and leading private markets investment management firm Hamilton Lane will be the first issuers to strategically partner with Libre.
Libre is designed to unlock broader distribution capabilities for asset managers and wealth advisors by safely and securely streamlining legal, regulatory, and operational workflows. Libre is also working on enabling access to value-add services in the alternative assets ecosystem such as collateralised lending and automated rebalancing of separately managed accounts (SMAs).
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is up by 10% in the last 24 hours and is currently trading at $0.8959.
