Libre Opens Access to RWAs for Institutional Investors

Web3 protocol Libre will soon be launched, allowing institutional investors to work with real-world assets (RWA) tokenized via Polygon’s smart contracts. Major investment firms Brevan Howard and Hamilton Lane will be among the first users.

WebN Group and Laser Digital, two large financial firms that issue and manage alternative investments, announced the imminent launch of Libre. That is a Web3 protocol designed to enable institutional investors to access tokenized real-world assets (RWA) in compliance with regulatory requirements.

Libre will support asset tokenization, collateralized lending, and automated settlement of separately managed accounts (SMA). The platform is scheduled to launch in Q1 2024. The protocol will utilize Polygon Chain (CDK) smart contracts, which will allow assets to be transferred to other private blockchain networks compatible with Ethereum.

Investment giants Brevan Howard and Hamilton Lane will be the first to evaluate the capabilities of the Libre protocol. According to Victor Jung, Head of Digital Assets at Hamilton Lane, tokenization can revolutionize the way investment assets are managed and traded, so the company will be expanding opportunities to reach new markets for its clients. Natalie Smith, Brevan Howard’s Head of Strategy, added that supporting RWAs is part of the company’s strategic development as part of meeting client needs.

Brevan Howard plans to tokenize its illiquid asset portfolio through Libre, while Hamilton Lane will use the protocol for fixed income. By the way, in July 2023, Brevan Howard’s AUM was valued at $40 billion, while the same figure of Hamilton Lane in September amounted to $854 billion.

Tokenization was named by experts as one of the most promising trends of 2024, and Citi analysts predicted the growth of the tokenized assets market to $5 trillion by 2030.

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