Libre, the latest innovation in substitute investment frameworks aimed at asset managers and providers, introduces an exclusive chain built using the Polygon Chain Development Kit (CDK), enhancing connectivity with substitute investment funds globally.

With a focus on facilitating the lawful and compliant release and automated life cycle management of alternative investments, Libre strengthens the capabilities of internationally recognized organizations to tokenize their assets on-chain. Hamilton Lane and Brevan Howard are among the first organizations to partner with Libre.

The launch of Libre enables WebN Group and Laser Digital to support wealth advisors and asset managers in expanding their distribution capabilities by streamlining operational, regulatory, and legal workflows securely and reliably.

Libre actively engages in the substitute assets ecosystem, providing connectivity with supplementary solutions like collateralized financing and automated trading of separately managed accounts (SMAs).

Tokenization, according to Bain & Co., is expected to revolutionize communication with substitute investments, potentially adding $400 million annually to revenue in the substitute sector. This move signifies a significant step forward for the alternative investment industry, as institutions increasingly consider blockchain technology to broaden access to alternative investments for a wider range of investors.

Scheduled to go live in the first quarter of 2024, Libre has collaborated with top global vendors to simplify supplier connectivity through API accessibility, enabling seamless integration with Libre's suite of wealth management tools, data, and framework.

Dr. Avtar Sehra, CEO and Founder of Libre, highlights the mission of Libre to increase assets under management (AUM) by offering initial issuance solutions and promoting supplier inclusion. Libre is a key component of various projects utilizing Polygon CDK, such as OKX, Astar, and Canto, leveraging its upgradeability and safety features to transform the alternative investment landscape.