Libeara Secures Singapore Dealer Licence, Clearing Path to Distribute Tokenised Assets Directly

Libeara, the real-world asset tokenisation platform incubated by Standard Chartered's venture arm SC Ventures, has been granted a Capital Markets Services licence by the Monetary Authority of Singapore, the company announced today.

The CMS licence covers dealing in Collective Investment Schemes and Securities, and marks Libeara's formal transition from a technology platform provider to a regulated financial institution in its own right.

The licence, which follows an In-Principle Approval received in July 2025, is a meaningful upgrade in what Libeara is permitted to do. Previously, the platform provided infrastructure that allowed licensed fund managers such as Wellington Management and FundBridge Capital to issue and manage tokenised assets. Now, Libeara can itself deal in those products, expanding its role in the distribution chain for tokenised capital markets instruments targeting accredited and institutional investors in Singapore.

To date, Libeara's platform has supported the tokenisation of over $1 billion in regulated assets. Its product range spans tokenised US Treasuries, a tokenised Singapore dollar government bond fund, and, more recently, a tokenised gold fund that tracks the spot price of gold while eliminating traditional vaulting costs. It also underpinned Asia's first tokenised retail money market fund, launched in partnership with China AMC Hong Kong.

Alongside Libeara, SC Ventures holds majority stakes in Zodia Custody and Zodia Markets, two other institutional digital-asset businesses, reflecting a deliberate build-out of regulated digital finance infrastructure by a bank that has moved more aggressively into the space than most of its global peers. Standard Chartered's Global Head of Financing and Securities Services Margaret Harwood-Jones called the regulatory approval "proof of the robustness of Libeara's framework" and described clear regulatory pathways as the cornerstone of scalable tokenised securities adoption.

The broader RWA tokenisation market is accelerating rapidly, with institutional allocators increasingly treating tokenised funds and yield-bearing instruments as core building blocks for on-chain portfolios — a trend Libeara has been positioning for since its 2023 launch.

The platform recently signed an MoU with TruFin to explore expanding tokenised RWA access on Solana, signalling ambitions that extend beyond Singapore's domestic market. CEO Aaron Gwak has previously flagged Hong Kong as a key expansion target as the platform seeks to deepen its institutional client base across Asia.