Libeara is collaborating with FundBridge Capital to launch a tokenized Wellington fund. In this partnership, Wellington will serve as the sub-manager for the Delta Wellington Ultra Short Treasury On-Chain Fund (referred to as the “ULTRA Fund”).
Founded by Standard Chartered’s SC Ventures, Singapore-based Libeara is a startup focused on the tokenization of real-world assets (RWA). The ULTRA Fund will initially be available on the Ethereum blockchain, with plans to expand to Arbitrum, Avalanche, and Solana in the future. Standard Chartered will act as the custodian for the fund.
In January Moody’s issued a rating for the SGD Delta fund issued on the Stellar and Ethereum blockchains, one of the first ratings for a tokenized fund on a public blockchain. The SGD Delta fund was also issued by FundBridge Capital and tokenized by Libeara. The Delta part of the fund refers to Libeara’s Delta tokenization platform that is used to manage issuance, redemption and transfers.
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