#Libeara
2 articles tagged #Libeara — curated RWA tokenization coverage.
Wellington Management deepens Libeara collaboration with tokenized income fund
Wellington Management has expanded its partnership with Libeara and FundBridge Capital to launch a new tokenized fund named INCOM. This follows the success of their initial collaboration, the ULTRA fund, which currently manages approximately $70 million in short-term Treasury assets. Unlike its predecessor, INCOM offers a more diversified portfolio, incorporating investment-grade and high-yield corporate bonds, bank loans, convertibles, and securitized assets. Wellington Management serves as the sub-advisor for the fund, while FundBridge Capital acts as the manager, maintaining the operational structure established during the ULTRA launch. By leveraging public blockchain infrastructure, the initiative aims to provide institutional investors with enhanced transparency and operational efficiency. This development signifies a broader institutional shift toward utilizing distributed ledger technology to deliver complex fixed-income strategies. The move highlights the growing appetite among traditional asset managers to modernize the delivery of core investment expertise through tokenized vehicles.
StanChart backed Libeara raises $14m from GSR, Kyobo Life, others for tokenization
Libeara, a tokenization platform incubated by Standard Chartered’s SC Ventures, has successfully closed a $14 million strategic funding round led by global market maker GSR. Additional participants in this round include Openspace Capital, Kyobo Life Insurance Group, AlloyX, Kaia Investment Partners, Simsan Ventures, and Monk’s Hill Ventures. The Singapore-based firm intends to utilize these funds to accelerate the global expansion of its tokenization infrastructure. This development follows Libeara’s acquisition of a Capital Markets Services license from the Monetary Authority of Singapore in March, which grants the company the authority to distribute tokenized funds and securities independently. To date, the platform has facilitated over $1 billion in tokenized assets across various fund relationships. The involvement of Kyobo Life Insurance Group highlights the growing institutional interest in tokenization, particularly within the South Korean market. This funding round underscores the increasing maturity of the RWA sector as platforms move toward direct distribution models and broader international integration.