Standard Chartered's SC Ventures launches tokenization platform Libeara

Standard Chartered's investment and innovation arm, SC Ventures, has launched a tokenization platform called Libeara. The platform has been incubated as a separate company based in Singapore and aims to enable fund managers, governments, and issuers to bring real-world assets on-chain or issue "regulated security tokens." Libeara has partnered with FundBridge Capital to create the first tokenized Singapore-dollar government bond fund. Tokenization is an emerging trend in the crypto space, with major players in traditional financial services such as HSBC, UBS Asset Management, and Citi also launching their own platforms.