Standard Chartered Bank launches blockchain division Libeara, aiming to tokenize Singapore dollar government bond funds

ChainCatcher news, Standard Chartered Bank's venture capital division has announced the launch of a new blockchain department "Libeara," aimed at helping traditional financial instruments to be tokenized.

Libeara is collaborating with Singapore fund platform solution provider FundBridge Capital to create the first tokenized Singapore dollar government bond fund for professional investors, which is expected to be launched later, pending regulatory approval from Singapore authorities.