Debut of Tokenized U.S. Treasury Fund on Avalanche via Ultra's Innovative Strategy
In a significant move towards bridging the gap between traditional capital markets and digital asset ecosystems, FundBridge Capital and Libeara have launched the ULTRA tokenized U.S. Treasury fund on the Avalanche blockchain.
The ULTRA product is a regulated and institutional-grade solution, designed to offer accredited and institutional investors exposure to short-duration U.S. Treasuries entirely on-chain. The collaboration aims to expand the scope of tokenized finance by providing a secure and transparent path into U.S. Treasury exposure.
Libeara, a platform focused on tokenizing real-world assets, was founded in 2023 and is headquartered in Singapore. The company has demonstrated its technology through pilot projects in Asia and Africa, promoting financial inclusion. Libeara has achieved in-principle approval for a Capital Markets Services license from the Monetary Authority of Singapore, adding to its credibility.
The ULTRA product is structured with a focus on compliance, governance, and liquidity. It is being managed by Wellington Management, a renowned investment firm. FundBridge Capital, an independent fund management platform operating under regulatory approval from the Monetary Authority of Singapore, offers its services to institutional investors, emerging fund managers, and high-net-worth individuals.
FundBridge Capital's infrastructure is designed to ease the process of setting up and managing regulated fund vehicles by managing legal, compliance, and operational requirements. The company has developed expertise in blockchain-based fund tokenization and supports a variety of asset classes.
Libeara's tokenization platform is a part of the ULTRA product's infrastructure. It facilitates simplified subscription, redemption, and transfer processes for tokenized assets across jurisdictions. The platform's technology enables the ULTRA product to maintain a high level of transparency and security, crucial for institutional investors.
The initiative combines FundBridge Capital's fund management expertise and infrastructure with Libeara's tokenization technology and regulatory progress. The ULTRA introduction on Avalanche is framed as an example of how blockchain can merge regulatory-grade compliance with institutional investment strategies.
ULTRA, a step towards reshaping the way financial instruments are managed, accessed, and distributed at scale, is a testament to the potential of blockchain technology in the financial sector. The collaboration between FundBridge Capital and Libeara is expected to pave the way for more innovative solutions in the realm of tokenized finance.
