WebN Group and Laser Digital today unveiled Libre, an institutional web3 protocol powered by Polygon technology.

Laser Digital is the crypto arm of financial services firm Nomura, while WebN Group is an incubation hub for fintech and web3 innovators, backed by Laser Digital and Brevan Howard co-founder Alan Howard.

Utilizing asset tokenization and smart contracts, Libre is designed for the regulatory-compliant issuance and management of alternative investments, according to a statement. The protocol is built using the Polygon Chain Development Kit (CDK), which enables the development of purpose-built, zero knowledge-powered Layer 2 blockchains on Ethereum.

“We are thrilled to see Libre select Polygon CDK’s scalability and security to revolutionize the alternative investments space,” …