Nomura’s Laser Digital, along with fintech hub WebN, is set to launch Libre, a tokenization platform tailored for the asset management industry.
The enterprise-grade Web3 technology platform aims to enable asset managers to tokenize and distribute funds through established wealth managers. It offers complete fund lifecycle automation, facilitating smaller ticket sizes and providing access to value-added services such as collateralized lending and portfolio rebalancing.
Developed using Polygon CDK blockchain technology, the first investment firms slated to utilize the system include Brevan Howard and Hamilton Lane.
Victor Jung, head of digital assets at Hamilton Lane, stated, “We believe that tokenization has the potential to revolutionize the way investments are managed and traded. Our focus is on strategically partnering with other leading firms to improve compliance and streamline access to private markets through initiatives like Libre. We are excited about the possibilities that the launch of Libre will bring and are thrilled to collaborate with these innovative partners to help transform the private markets landscape.”
Libre is set to go live in the first quarter of 2024 and has already formed partnerships with several tier-one global distributors. Access for distributors is simplified through API connectivity, enabling easy integration into Libre’s suite of wealth management services, data, and infrastructure.
Dr. Jez Mohideen, CEO at Laser Digital, remarked, “Laser Digital is committed to providing secure and compliant digital asset products and infrastructure for institutional users. We firmly believe that Libre’s groundbreaking approach to tokenized funds has the potential to significantly enhance investor confidence and promote greater adoption of blockchain technology and tokenization within the alternative investments sector and across broader capital markets.”