StanChart launches blockchain unit, eyes Singapore bond fund

Bank's wholly-owned 'Libeara' platform comes on heels of Asian crypto push

20231114 Stachart top

Standard Chartered's new blockchain unit Libeara is partnering with fund platform solutions player FundBridge Capital to create the first tokenized Singapore-Dollar Government Bond Fund for professional investors. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- International bank Standard Chartered's venture arm on Tuesday launched a new blockchain unit that aims to help tokenize traditional financial instruments, moving rapidly to stake out a bigger presence in the Asian digital assets space.

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