Libera’s MG 999 fund, backed by Standard Chartered, offers institutional investors in Singapore tokenized synthetic exposure to gold, combining gold-linked performance with lending to jewelery retailers such as Mustafa Gold, as global demand for safe-haven assets increases.
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- Libera and Fundbridge have launched MG 999, a tokenized gold fund that tracks spot prices in tokens without holding physical bullion.
- The fund is targeted at institutional and accredited investors and includes a financing sleeve with Mustafa Gold as the primary borrower.
- The deal expands on Standard Chartered’s RWA tokenization and digital asset strategy as demand for gold increases due to geopolitical and dollar concerns.
Libera, a blockchain infrastructure platform backed by Standard Chartered’s venture arm SC Ventures, has launched a tokenized gold investment fund in Singapore, the company has announced.
Developed in partnership with FundBridge Capital, the fund allows professional investors to gain exposure to gold through blockchain-based tokens issued on the Libeara ledger. The companies say each token is designed to correlate with the spot price of gold.
Standard Chartered Eyes expands into Singapore market
FundBridge said this structure eliminates traditional storage and logistics costs while maintaining price exposure. “FundBridge’s priority is to bridge traditional fund governance with new digital infrastructure,” CEO Sue Lin Lim said in a statement. “We have worked closely with our partners to ensure our framework meets the standards of a regulated fund environment while driving on-chain utilization of real-world assets.”
The fund, named MG 999, is available only to institutions and authorized participants. Unlike traditional gold funds, MG 999 does not hold physical bullion. FundBridge says the token is designed to reflect the market performance of gold and offers a mechanism for synthetic exposure.
This launch extends the existing trend of financial institutions to tokenize real-world assets such as bonds, endowments, government bonds, and precious metals as blockchain technology expands beyond cryptocurrencies.
SC Ventures is expanding its digital asset business in Asia. The bank owns a majority stake in Zodia Custody and Zodia Market, both of which are focused on institutional digital asset services.
The announcement coincides with an increase in global demand for gold. Central banks have been increasing their bullion reserves this year, driven by the long-term dominance of the US dollar and concerns about geopolitical uncertainty. Market analysts say President Donald Trump’s tariff policies are contributing to demand for safe-haven assets.
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Standard Chartered last month launched a physically-backed gold fund in Singapore with other financial institutions, with the bank acting as custodian for the bullion stored at Le Freeport Vault near Changi Airport. This product targets investors seeking exposure to allocated metals rather than tokenized units.
MG 999 includes a financing component aimed at Singapore’s jewelery sector. Mustafa Gold, the city-state’s leading retailer, has been named the fund’s first borrower. This structure allows Mustafa to maintain credit for its gold jewelery inventory while keeping it on display.
“Gold-linked tokens are very unique and complex,” Mustafa founder Mustaq Ahmad said. “MG 999 enables retailers to leverage digital innovation and better manage their working capital needs.”
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