Libeara, a subsidiary of Standard Chartered, will launch a tokenized fund based on the Ethereum mainnet in Singapore this month

ChainCatcher news, according to Hong Kong media Xin Bao, SC Ventures, a subsidiary of Standard Chartered, revealed that its tokenization platform Libeara will launch a dollar-tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, the head of business development at Libeara, stated in an interview that before a full on-chain launch, they will assess the liquidity of U.S. Treasury bonds with Wellington Asset Management and Fundbridge.