TechFlow news, according to Nikkei Asia, the venture capital arm of Standard Chartered has announced the launch of a new blockchain division called Libeara, aimed at helping tokenize traditional financial instruments.
Libeara is a technology service provider aiming to help institutions digitize financial instruments on blockchains—the infrastructure underpinning cryptocurrencies—with the goal of reducing reliance on intermediaries typically involved in trading such instruments. In theory, this increases efficiency and lowers the cost of buying and selling assets.
Libeara is partnering with Singapore-based fund platform solutions provider FundBridge Capital to create the first tokenized SGD-denominated government bond fund for professional investors. The launch is expected later, subject to regulatory approval from Singaporean authorities.
