According to a report by Hong Kong media Sing Tao Daily, Libeara, a tokenization platform incubated by SC Ventures, a subsidiary of Standard Chartered, revealed that it will launch a US dollar tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, the head of business development at Libeara, said in an interview that before a full-scale launch on-chain, they will assess the liquidity of US Treasuries with Wellington and Fundbridge.
Standard Chartered’s Libeara to launch Ethereum mainnet tokenized fund in Singapore this month
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