Libeara and FundBridge Capital launch a tokenized United States treasury fund

Libeara, a Standard Chartered-backed blockchain asset tokenization platform, and FundBridge Capital, a leading fund management infrastructure provider, have joined forces to introduce the “Delta Wellington Ultra Short Treasury On-Chain Fund,” also known as the Ultra Fund.

This pioneering offering allows investors digital access to United States Treasurys through blockchain, leveraging both traditional finance (TradFi) and decentralized ledger technology to increase transparency, efficiency, and accessibility.

The newly launched Ultra Fund

The Ultra Fund is currently available on the Ethereum blockchain, with Libeara planning to expand its deployment to other major networks, including Arbitrum, Avalanche, and Solana.

This multi-network approach aims to broaden access to crypto investors while catering to growing Web3 demands for secure, blockchain-based investments.

Libeara’s institutional-grade Delta platform will facilitate the subscription, transfer, redemption and issuance of tokenized units in Fund.

Through distributed ledger technology, Libeara’s platform will facilitate interactions with tokenized units, providing a transparent and auditable fund management solution for investors.

By utilizing tokenization, the fund aims to deliver lower operational costs and an accessible, modernized avenue for US Treasury investment.

Aaron Gwak, founder and CEO of Libeara, called the launch “a significant step forward,” emphasizing that the fund brings institutional credibility to digital USD-denominated investments.

He also highlighted the Ultra Fund’s similarity to Libeara’s SGD Delta Fund, a tokenized Singapore dollar fund.

Supported by Wellington Management and Standard Chartered Bank

The Ultra Fund represents a significant stride in the evolving sector of tokenized real-world assets (RWA).

According to a recent report, the RWA tokenization market is projected to expand by fifty times its current value by 2030, underscoring the market’s potential and the timeliness of Libeara’s move into tokenized US Treasurys.

Leading asset manager Wellington Management plays a crucial supporting role as the fund’s sub-manager, enabling the Ultra Fund to draw interest from both institutional and Web3 investors.

Wellington’s Director of Digital Assets and Tokenization, Mark Garabedian, commented on the launch, noting that tokenization represents “a new frontier” for asset management.

Garabedian further remarked that FundBridge’s innovative approach aligns with Wellington’s vision, allowing for enhanced access and operational efficiencies for clients seeking digital asset exposure.

In addition to acting as the sub-manager, Wellington has partnered with Ondo Finance to provide intraday liquidity for the Tokenized US Treasury Fund.

Standard Chartered Bank, headquartered in London, serves as the fund’s custodian, leveraging its established global banking infrastructure to further enhance the Ultra Fund’s security and reliability.

Known for its forward stance on digital assets, Standard Chartered’s participation reflects the institution’s ongoing commitment to supporting clients interested in digital asset opportunities.

The bank’s presence also strengthens the Ultra Fund’s position in the market, adding an additional layer of confidence for investors considering this tokenized investment option.

As the Ultra Fund opens doors for investors to engage with US Treasurys in a digitally native environment, it marks an important convergence between blockchain technology and mainstream finance.

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