Standard Chartered's Libeara will launch a tokenized fund based on the Ethereum mainnet in Singapore this month

According to Hong Kong media reports, Libeara, a tokenization platform fostered by SC Ventures of Standard Chartered, has revealed that it will launch a US dollar tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, Libeara's head of business development, said in an interview that it will evaluate the liquidity of US Treasury bonds with Wellington and Fundbridge before the full launch of the chain.