Today Libeara, a tokenization solution incubated by Standard Chartered’s SC Ventures, unveiled its first planned offering. In conjunction with Fundbridge Capital it is tokenizing a Singapore dollar government bond fund. Fundbridge is the regulated entity and will manage the fund which targets accredited investors. However, the offering is subject to appropriate regulatory approvals.
“This will be the first time a Singapore Dollar Government Bond Fund will be offered in token format,” said Aaron Gwak, Founder and CEO of Libeara. “Ensuring that FundBridge’s investors can buy native tokens, where each token represents a unit of the fund, is central to the infrastructure of the tokenisation solution that we have created for FundBridge. To boost credibility and structural integrity, the Fund will be working with an international credit rating agency to have it rated.”
The regulated tokens will be issued on public blockchains – Stellar and Ethereum.
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