SC Ventures, the investment arm of international banking giant Standard Chartered, has launched a new tokenization platform.
Libeara, a platform introduced by SC Ventures, is a platform for Singapore dollar government bonds. a tokenized fund will be used to install. According to the statement, the fund will be aimed at qualified investors.
For this, Libeara partnered with FundBridge Capital, which works with fund managers in Singapore.
Sue Lynn Lim, CEO of FundBridge Capital, said: “By offering a tokenized Singapore dollar government bond fund to all our clients lower operating costs, more transparent, more efficient “We offer investment opportunities.” said.
Banking giants around the world tokenization Studies on technology continue rapidly.
HSBC in its statement last week tokenized gold introduced its product and also announced that it plans to provide custody services for institutions for tokenized securities.