{"id":98519,"date":"2024-10-30T14:23:44","date_gmt":"2024-10-30T18:23:44","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=98519"},"modified":"2024-10-30T14:26:18","modified_gmt":"2024-10-30T18:26:18","slug":"libeara-fundbridge-introduce-onchain-us-treasurys-fund","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/libeara-fundbridge-introduce-onchain-us-treasurys-fund\/","title":{"rendered":"Libeara, FundBridge Introduce Onchain US Treasurys Fund"},"content":{"rendered":"\n

Libeara and FundBridge Capital's Ultra Fund brings US Treasury <\/a>investments onchain, strengthening blockchain finance.<\/p>\n\n\n\n

\"Libeara,<\/figure>\n\n\n\n

Libeara, a blockchain-based asset tokenization platform, and FundBridge Capital, an infrastructure provider for fund management, have introduced a tokenized U.S. Treasurys fund on a public blockchain.<\/p>\n\n\n\n

The fund, named the \u201cDelta Wellington Ultra Short Treasury On-Chain Fund\u201d or \u201cUltra Fund,\u201d provides digital access to U.S. Treasurys for investors. <\/p>\n\n\n\n

Built on Libeara\u2019s Delta platform, the fund supports the subscription, transfer, and redemption of tokenized units, aiming to deliver a transparent, auditable, and efficient solution for fund management.<\/p>\n\n\n\n

Initially, the Ultra Fund will launch on the Ethereum mainnet, with plans to expand to other networks like Arbitrum, Avalanche, and Solana to increase accessibility for crypto investors.<\/p>\n\n\n\n

Web3 Demand for Secure Investments<\/h2>\n\n\n\n

Libeara\u2019s platform will enable users to interact with tokenized units via distributed ledger technology, which Libeara\u2019s founder and CEO Aaron Gwak described as \u201ca significant step forward.\u201d <\/p>\n\n\n\n

Gwak noted that the fund brings \u201cinstitutional credibility to USD-denominated investments,\u201d comparing it to the SGD Delta Fund, a tokenized fund denominated in Singapore dollars.<\/p>\n\n\n\n

The Ultra Fund offers investors new digital and Web3 options for accessing U.S. Treasurys while encouraging the adoption of blockchain technology in mainstream finance.<\/p>\n\n\n\n

Convergence Implications<\/h2>\n\n\n\n

The Ultra Fund merges traditional finance (TradFi) with blockchain technology, allowing financial institutions to adopt tokenization for greater accessibility and reduced operational costs.<\/p>\n\n\n\n

Wellington Management, a global asset management firm, serves as the fund\u2019s sub-manager, helping bridge the fund for institutional and Web3 investors. <\/p>\n\n\n\n

Mark Garabedian, Wellington\u2019s director of digital assets and tokenization, called tokenization \u201ca new frontier\u201d for asset management and stated that FundBridge\u2019s approach aligns with Wellington\u2019s, providing \u201cenhanced access and operational efficiencies to clients.\u201d<\/p>\n\n\n\n

Moving Mainstream<\/h2>\n\n\n\n

Standard Chartered<\/a> Bank, a major global bank headquartered in London, will serve as the fund\u2019s custodian, aligning with its objective to support clients seeking exposure to digital assets.<\/p>\n\n\n\n

As an established advocate for cryptocurrencies, Standard Chartered\u2019s involvement is expected, especially after the bank\u2019s analyst Geoff Kendrick projected Bitcoin\u2019s price\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> could reach $125,000 by year\u2019s end. <\/p>\n\n\n\n

Kendrick predicted BTC might hit $73,000 by the U.S. presidential election on November 5, with continued price growth if former President Donald Trump is reelected.<\/p>\n","protected":false},"excerpt":{"rendered":"

Libeara and FundBridge Capital’s Ultra Fund brings US Treasury investments onchain, strengthening blockchain finance. Libeara, a blockchain-based asset tokenization platform, and FundBridge Capital, an infrastructure provider for fund management, have introduced a tokenized U.S. Treasurys fund on a public blockchain. The fund, named the \u201cDelta Wellington Ultra Short Treasury On-Chain Fund\u201d or \u201cUltra Fund,\u201d provides […]<\/p>\n","protected":false},"author":56,"featured_media":98547,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12094,321,197,1502,21720,14513,1305],"class_list":["post-98519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-adoption-2","tag-banks","tag-defi","tag-regulation","tag-rwa-tokenization","tag-tokenization","tag-united-states"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/10\/Libeara-and-FundBridge-Introduce-Onchain-US-Treasurys-Fund.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=98519"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/98519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/98547"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=98519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=98519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=98519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}