TechFlow reports, citing The Block, that Moody's has assigned a rating to the SGD Delta Fund—the first fund utilizing Standard Chartered's SC Ventures tokenization platform, Libara. Despite the underlying assets having an AAA credit quality, Moody's assigned an AA rating due to risks associated with the fund manager's lack of track record in managing similar strategies via unit trusts.
The SGD Delta Fund is a tokenized Singapore dollar-denominated government bond fund issued by Singapore-based FundBridge Capital on Ethereum and Stellar. It is the first fund to use Standard Chartered's SC Ventures tokenization platform Libara and primarily invests in high-quality Singapore government securities.
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