Nomura Bank introduces a protocol for asset tokenization based on Polygon CDK
Libre will also provide lending and account rebalancing services to regulated financial institutions
10.01.2024 - 12:25
197
2 min
0
What’s new? Nomura Laser Digital, the crypto division of investment bank Nomura, has partnered with fintech startup incubation hub WebN to introduce its own institutional protocol, Libre, with support for smart contracts. Libre is built using the Polygon Chain Development Kit (CDK), which enables the development of Layer 2 (L2) solutions on the Ethereum blockchain using zero-knowledge proof (ZKP) technology.
What else is known? Libre is designed for the release and automated lifecycle management of alternative investments in compliance with legislation and regulatory requirements. With its help, regulated financial institutions around the world can issue their own tokenized assets.
Libre will also offer additional services in the alternative asset ecosystem, such as collateralized lending and automated rebalancing of separately managed accounts (SMAs). The protocol is scheduled to launch this quarter.
Asset managers Brevan Howard and Hamilton Lane will be Libre’s first issuers and strategic partners.
The WebN development company is backed by Laser Digital and Brevan Howard co-founder Alan Howard. Libre founder Avtar Sehra has been working in the real-world asset (RWA) tokenization space since 2014. He is the founder of the UK-based tokenization platform Nivaura, which is licensed by the local financial regulator FCA.
Polygon CDK is already used by OKX, Astar, Canto, Gnosis Pay, Immutable, Palm Network, IDEX, and other crypto companies. In the future, networks deployed on Polygon CDKs can be unified as part of a broader ZKP-based L2 network in the Polygon ecosystem to ensure interoperability.
In November, Standard Chartered’s SC Ventures unit launched Libeara, an asset tokenization platform. Its custodian is Fireblocks, Fazz provides conversion between stablecoins and fiat, and Chainalysis and Chekk provide regulatory compliance.
Cardano blockchain developers also announced plans to develop RWA tokenization direction in their 2024 roadmap.
Useful material?
Telegram 
Twitter Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$98 183
BTC
+4.2%
-
Ethereum
$3 375.14
ETH
+9.54%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.2
XRP
+8.05%
-
Dogecoin
$0.385522
DOGE
+1.57%
-
Cardano
$0.806208
ADA
-0.8%
-
Bitcoin Cash
$480.21
BCH
+7.12%
-
Polkadot
$5.91
DOT
+2.3%
-
Stellar XLM
$0.252167
XLM
-0.31%
-
Litecoin
$89.16
LTC
+5.38%