Libeara Launches Tokenized Gold Fund in Singapore with FundBridge

TLDR

• Libeara, backed by Standard Chartered, launched the MG 999 tokenized gold fund in Singapore.
• The fund tracks the spot price of gold through blockchain, eliminating physical storage costs.
• MG 999 offers institutional investors a digital alternative to owning physical gold.
• FundBridge and Libeara’s partnership ensures the fund meets regulatory standards.
• The fund includes a lending component, with Mustafa Gold as the first borrower in Singapore’s jewelry sector.

Libeara, a blockchain platform backed by Standard Chartered’s SC Ventures, has launched a tokenized gold fund in Singapore. The fund tracks the spot price of gold and offers investors digital exposure to the precious metal. In partnership with FundBridge Capital, Libeara aims to provide an innovative alternative to traditional gold investment.

Tokenized Gold Fund Tracks Gold’s Spot Price

The newly launched fund, called MG 999, uses blockchain technology to mirror the spot price of gold. It allows institutional investors to gain exposure to gold without physically holding the metal. Each token is structured to reflect the real-time market value of gold, offering a digital method of investment.

Nikkei reveals that the tokenized gold fund eliminates the traditional vaulting and logistics costs associated with physical gold. This provides investors with a more cost-efficient way to invest in gold while maintaining exposure to its price fluctuations. The launch signals a shift in how investors can gain access to real-world assets through blockchain technology.

According to FundBridge CEO Sue Lynn Lim, the company focused on ensuring the structure meets the standards of a regulated environment. She explained, “FundBridge’s priority is to bridge traditional fund governance with emerging digital infrastructure.” The new fund blends conventional financial practices with the efficiency of blockchain technology.

MG 999 Fund Removes Vaulting Costs, Maintains Gold Exposure

MG 999 offers a synthetic mechanism to track gold’s performance. This structure avoids the high costs of vaulting and storage. As a result, it offers a more efficient way to gain exposure to gold without compromising price accuracy.

FundBridge and Libeara’s partnership is designed to provide regulated, gold-linked exposure to institutional investors. Unlike traditional gold funds, MG 999 does not hold physical bullion. The fund aims to serve professional investors seeking a digital alternative to owning the precious metal.

The tokenized gold fund also expands Standard Chartered’s involvement in the tokenization of real-world assets. With SC Ventures backing Libeara, the bank continues to push into the digital asset space. This effort includes expanding services for institutional clients in the blockchain and cryptocurrency sectors.

Gold Demand Rises as Investors Seek Alternatives

The timing of the tokenized gold fund launch coincides with a surge in global gold demand. Central banks are increasing their gold reserves amid concerns over the US dollar and geopolitical tensions. Financial uncertainty has led many investors to seek safe-haven assets like gold.

The fund also contains a lending component targeted at Singapore’s jewelry sector. Mustafa Gold, a local retailer, has become the fund’s first borrower. The structure enables the retailer to secure credit against its gold inventory while keeping the jewelry on display.

The MG 999 fund presents an opportunity for both institutional investors and businesses in the gold industry. By incorporating blockchain technology, it offers a modern alternative to traditional gold investment strategies.

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