SC Ventures, the fintech investment and venture arm of banking group Standard Chartered, has announced a new tokenisation platform, Libeara, reports Coindesk.
The platform will enable the creation of a tokenised Singapore dollar government bond fund for accredited investors, according to the announcement. Libeara has also partnered with FundBridge Capital, an organisation for fund managers in Singapore.
“By partnering with Libeara to offer a tokenised Singapore dollar government bond fund for all our investors, we are ensuring that we can provide additional investment opportunities enabled by lower operating costs, higher transparency and higher operational efficiency,” Sue Lynn Lim, CEO and COO of FundBridge Capital said in the press statement.