Brevan Howard-Backed Tokenization Firm Libre Goes Live [Video]

Libre, the startup led by tokenization pioneer Avtar Sehra and working with Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets giant Hamilton Lane, has gone live, the company said on Tuesday.

As well as tokenized access to Brevan Howard funds and Hamilton Lane’s fixed-income type products, Libre has added a blockchain-based version of a BlackRock money-market fund using Ethereum layer 2 Polygon’s development kit, so investors can earn yield while parking their capital.

“Our clients were asking about how they could park their money in a form that gives them money-market returns and easily switch over to anything else,” Sehra said in an interview. “We have plugged that in quite quickly over the last two weeks, allowing users from Polygon mainnet to be able to park cash into a money market account, as well as Brevan Howard, Hamilton Lane etc.”

Tokenization, the creation of a virtual versionof a real-world asset (RWA) on the blockchain, has become …