Standard Chartered-Backed Libeara Launches Tokenized Gold Fund in Singapore
Libeara, the blockchain infrastructure platform backed by Standard Chartered’s enterprise arm SC Ventures, has rolled out a brand new tokenized gold funding fund in Singapore, bringing one of many world’s oldest safe-haven belongings onto digital rails.
Key Takeaways:
- Libeara and FundBridge launched a tokenized gold fund that tracks gold’s spot value.
- The construction removes vaulting prices whereas retaining regulated, gold-linked publicity.
- The transfer expands Standard Chartered’s push into real-world asset tokenization.
The fund, launched in partnership with FundBridge Capital, permits skilled buyers to achieve publicity to gold by blockchain-based tokens issued on Libeara’s ledger.
Each token is designed to correlate to the spot value of gold, providing a digitized various to holding the bodily steel.
FundBridge Says Tokenized Gold Cuts Costs While Preserving Price Exposure
FundBridge mentioned the construction removes the standard prices of vaulting and logistics whereas retaining the worth publicity intact.
“FundBridge’s precedence is to bridge conventional fund governance with rising digital infrastructure,” CEO Sue Lynn Lim reportedly told Nikkie.
“We’ve labored carefully with our companions to make sure the framework meets the requirements of a regulated fund atmosphere whereas advancing using real-world belongings on-chain.”
The fund, named MG 999, is out there solely to institutional and accredited members. Unlike conventional gold funds, MG 999 doesn’t maintain bodily bullion.
Instead, the tokens are engineered to reflect gold’s market efficiency, providing an artificial publicity mechanism that FundBridge says targets effectivity with out compromising regulatory safeguards.
The transfer extends a broader push by established monetary establishments to tokenize real-world belongings, bonds, funds, treasuries and now valuable metals, as blockchain know-how features floor properly past the risky world of cryptocurrencies.
SC Ventures has been steadily increasing its digital-assets footprint in Asia. Alongside Libeara, the financial institution holds majority stakes in Zodia Custody and Zodia Markets, each centered on institutional digital-asset providers.
The newest initiative underscores how conventional finance gamers are leveraging their popularity to enter a sector that has struggled with belief following a number of trade blowups.
Gold Demand Surges as Institutions Seek Alternatives
The launch additionally comes throughout a renewed surge in international gold demand. Central banks have been growing their bullion reserves this yr amid ongoing considerations concerning the long-term dominance of the US greenback and geopolitical uncertainty.
President Donald Trump’s tariff insurance policies have additional stoked demand for safer belongings.
Last month, Standard Chartered joined different monetary establishments in launching a bodily backed gold fund in Singapore, with the financial institution performing as custodian for bullion saved on the high-security Le Freeport vault close to Changi Airport.
That product targets buyers looking for publicity to allocated metal rather than tokenized units.
MG 999 additionally incorporates a lending element aimed toward Singapore’s jewellery sector. Mustafa Gold, a significant retailer in the city-state, has been named the fund’s first borrower.
The construction permits Mustafa to safe credit score towards its gold jewellery stock whereas retaining the items on show.
“Gold-linked tokens are fairly distinctive and sophisticated,” mentioned Mustafa founder Mustaq Ahmad. “MG 999 lets retailers faucet digital innovation and higher handle working-capital wants.”
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