Why the room needs them.
Avtar Sehra brings documented experience across FCA sandbox testing and LSEG’s digitisation of primary debt-market workflows. That experience extends to institutional fund tokenisation and stablecoin protocol design.
The full account.
Avtar Sehra is a financial-technology founder associated with Nivaura, Libre Capital, later renamed KAIO, and STBL. At Proof of Talk 2026 in Paris, Sehra appeared as Co-Founder and CEO of STBL on the Day 1 panel “After the Flush: What October 10th Revealed About Crypto Market Fragility”. The official session record places the panel on the Hecto Main Stage from 13:45 to 14:25 on 2 June 2026.
Sehra founded Nivaura, a platform for automating the issuance and administration of financial instruments. The Financial Conduct Authority listed Nivaura in the first regulatory-sandbox cohort announced on 7 November 2016 and the second cohort announced on 15 June 2017. The first proposition used automation and blockchain for issuing and managing private-placement securities. The second focused on automating primary issuance and administration through centralised or blockchain infrastructure.
London Stock Exchange reported in April 2021 that LSEG Flow, developed with Nivaura, had been used for key transaction steps in LSEG’s approximately US$7 billion-equivalent syndicated offering across nine tranches and multiple currencies.
Libre Capital launched publicly on 10 February 2024 as infrastructure for the compliant issuance and lifecycle management of alternative investments. Libre announced an integration with LayerZero on 3 April 2025, intended to allow institutional funds issued through Libre to exist across the 120-plus blockchain networks supported by LayerZero. Libre Capital announced its rebrand to KAIO on 30 July 2025.
STBL’s official leadership guide identifies Sehra as CEO and Co-founder and states that Sehra leads product engineering and the Ecosystem-Specific Stablecoin strategy. STBL documentation authored by Sehra describes a framework in which the principal component of tokenised fixed-income collateral backs a stablecoin while coupon payments are represented separately as a yield-bearing token.
Years of shipping.
Lines that keep proving correct.
“Our collaboration with Injective isn’t just about bringing institutional funds on-chain; it’s about redefining access and utility to capital markets products through Web3-native infrastructure. The ability to access, trade, and utilize these institutional assets within DeFi represents a paradigm shift in global finance.”
“The integration of LayerZero’s infrastructure is a pivotal step in our mission to bring institutional assets fully on-chain. By leveraging LayerZero’s messaging capabilities and OFT standard, we are ensuring that institutional capital can move across chains seamlessly, securely, and in full compliance with regulatory standards.”
What they have built, written, and backed.
Built
- NivauraInfrastructure for automating the issuance and administration of financial instruments, accepted into the FCA’s first two regulatory-sandbox cohorts and used in the development of LSEG Flow.
- Libre Capital / KAIOInfrastructure for issuing, distributing and managing regulated tokenised investment funds. Libre Capital announced its rebrand to KAIO in July 2025.
- STBLStablecoin protocol infrastructure separating real-world-asset-backed principal from the associated yield component.
The next Proof of Talk is in Abu Dhabi.
Louvre Abu Dhabi, 3–4 December 2026. Admission is by application, and the room is capped at 2,000.
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