SC Ventures, Standard Chartered’s innovation and fintech investment arm, is launching Libeara, a tokenization platform that seeks to democratize investment by creating more accessible, transparent and secure markets. 

FundBridge Capital, which is licensed by the Monetary Authority of Singapore to conduct fund management activities, will leverage the platform to create the first tokenized Singapore dollar-denominated government bond fund for accredited investors, subject to regulatory and other approvals being obtained.

Vistra will serve as the fund administrator. Through the tokenization platform, Libeara will support FundBridge’s accredited investors in onboarding, subscription and redemption of units in the fund.

“To boost credibility and structural integrity, the fund will be working with an international credit rating agency to have it rated – a first in the world. The agency will be reviewing both the underlying asset quality of the components of the fund and the token structure as well,” says Aaron Gwak, founder and chief executive officer of Libeara.

Libeara was formed following successful proof-of-concept projects in the Philippines, Singapore, Hong Kong and Ghana, where it studied the need to correctly blend technology with existing securities regulations to provide the optimal structure for token holders.

The investment market has traditionally relied on intermediaries and inefficient operational processes. By partnering with Libeara to offer the tokenized government bond fund, “we are ensuring that we can provide additional investment opportunities enabled by lower operating costs, higher transparency and higher operational efficiency”, says Sue Lynn Lim, chief executive officer and chief operating officer of FundBridge Capital.