SC Ventures, the investment arm of Standard Chartered Bank, has partnered with Fundbridge Capital to launch a Singapore dollar tokenization platform for government bonds in Singapore.
Standard Chartered Bank’s Singapore tokenization platform for traditional financial assets is called Libeara and has been registered with the Monetary Authority of Singapore (MAS) as a separate company. Libeara’s business partners were Fireblocks, Chainalysis, Chekk and Fazz.
“This will be the first time that Singapore dollar government bond fund assets will be offered to investors in token format