Recently, Standard Chartered’s fintech investment and venture arm, SC Ventures, unveiled Libeara, a new tokenization platform.
According to the announcement, the platform will make it possible for accredited investors to create a tokenized Singapore dollar government bond fund. Additionally, Libeara has teamed up with FundBridge Capital, a Singaporean association for fund managers.
“By partnering with Libeara to offer a tokenized Singapore dollar government bond fund for all our investors, we are ensuring that we can provide additional investment opportunities enabled by lower operating costs, higher transparency and higher operational efficiency,” Sue Lynn Lim, CEO and COO of FundBridge Capital said in the press announcement.
Tokenized assets are being offered more frequently by banks and other financial institutions. Last week, HSBC announced that it had just launched tokenized gold and that it would be providing institutions with a tokenized securities custody service. Regulators from Singapore, Japan, the United Kingdom, and Switzerland announced last month that they intended to test tokenization for asset management products.