Standard Chartered Investment Arm Launches Tokenization Platform

SC Ventures, the fintech investment and venture arm of banking group Standard Chartered, announced a new tokenization platform, Libeara, on Tuesday.

The platform will enable the creation of a tokenized Singapore dollar government bond fund for accredited investors, according to the announcement. Libeara has also partnered with FundBridge Capital, an organization for fund managers in Singapore.

"By partnering with Libeara to offer a tokenized 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.

Banks and other financial players are increasingly offering tokenized assets. HSBC said last week that it had recently introduced tokenized gold and that it planned to offer a tokenized securities custody service for institutions. Last month, Singapore, Japan, U.K. and Swiss regulators said they planned to conduct tokenization tests for asset management products.