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Libre, a groundbreaking web3 protocol by WebN Group and Laser Digital, harnesses Polygon technology for regulatory-compliant alternative investment management. WebN Group and Laser Digital have jointly introduced Libre, a web3 protocol powered by Polygon technology. Laser Digital, the crypto arm of Nomura, and WebN Group, a fintech and web3 incubation hub backed by Laser Digital and Brevan Howard co-founder Alan Howard, collaborate on this project. The institutions have arrived on Polygon CDK. For the first time, a financial institution-focused L2 is being built, settling to Ethereum. Introducing Libre, institutional web3 infrastructure for the distribution of alternative asset funds , launched by WebN and @LaserDigital_.… pic.twitter.com/Ybs3Ul8Fzv — Polygon (Labs) (@0xPolygonLabs) January 10, 2024 You might also like: CBOE announces the listing of several Bitcoin ETFs pending SEC approval Libre utilizes asset tokenization and smart contracts, focusing on regulato...

Cathie Wood believes the SEC’s decision on spot Bitcoin ETFs may significantly impact institutional crypto adoption. Wood views this imminent approval as a pivotal moment, suggesting that such approval could be the “final seal of approval” for institutions considering crypto invest ments. In collaboration with 21Shares, ARK Invest awaits a decision on their ARK 21Shares Bitcoin ETF (ARKB) proposal, with a ruling expected by Jan. 10. The SEC’s previous approval of Bitcoin futures ETFs in October 2021 was seen as a cautious yet progressive step despite concerns about counterparty risks compared to spot products backed by Bitcoin in cold storage. Most Bitcoin ETF proposals name Coinbase as the custodian, which adds a layer of security and legitimacy. A court victory in July by Grayscale Investments against the SEC further underscores the tension and evolving landscape. The court criticized the SEC’s decision to deny Grayscale’s Bitcoin ETF conversio...