Libeara and FundBridge Capital are launching a tokenized Wellington fund on Ethereum with plans to expand to Arbitrum, Avalanche, and Solana. This follows Libeara's earlier Stellar-based SGD Delta fund, which received a Moody's rating as one of the first tokenized funds on a public blockchain.
Libeara, a Standard Chartered-backed RWA tokenization startup, is partnering with FundBridge Capital to launch the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA Fund), with Wellington serving as sub-manager and Standard Chartered as custodian. The fund will initially launch on Ethereum and expand to Arbitrum, Avalanche, and Solana. This builds on Libeara's previous success with the SGD Delta fund, issued on Stellar and Ethereum, which received a Moody's rating in January as one of the first tokenized funds rated on a public blockchain. Libeara's Delta platform manages issuance, redemption, and transfers for tokenized assets.