Democratising Access to Financial Assets through Libeara
16 November 2023, Standard Chartered announced the launch of its revolutionary tokenisation platform, Libeara, through its business unit SC Ventures. This platform, designed with the aim of democratising access to various financial asset classes, marks an important milestone in financial market innovation.
Transforming Traditional Markets with Asset Tokenisation
The blockchain platform Libeara is presented as a response to the growing needs of the financial market, offering security and accessibility to assets. Its initiative to tokenise a Singapore government bond fund represents a unique approach to investment, providing greater efficiency and transparency.
Libeara: More than a Platform, a Financial Inclusion Initiative
According to Standard Chartered, Libeara not only seeks efficiency and accessibility, but also the promotion of financial inclusion and the creation of a more open and transparent ecosystem. The platform positions itself as a key player in digital transformation, responding to unmet needs in the financial market.
Strategic Collaboration to Ensure Security and Regulatory Compliance
Libeara prioritises security and regulatory compliance, collaborating with recognised entities in the crypto/blockchain sector, such as Fireblocks y Chainalysis. This collaboration ensures the efficiency and accessibility of assets, consolidating Libeara as a reliable tokenisation platform.
The Rise of Tokenisation in the Global Financial Sector
Asset tokenisation is gaining momentum in the financial sector, with major companies such as HSBC Holdings y UBS Asset Management exploring the possibilities of blockchain technology. In addition, governmental entities, such as the Central Bank of Italy and the Warsaw Stock Exchange are also exploring tokenisation.
What Does Asset Tokenisation Imply and its Impact on the Digital Economy?
Asset tokenisation involves representing real-world assets through digital tokens on the blockchain, offering more secure, transparent and reliable trading in markets. This phenomenon has become a transformative disruption, opening up new opportunities in building the digital economy.
Standard Chartered Committed to the Digital Revolution: Invests $100 Million in Cryptocurrencies
As part of its commitment to the digital revolution, Standard Chartered recently announced an investment of up to USD $100 million in cryptocurrency start-ups via SC Ventures. This move underscores the bank's continued drive towards the adoption of innovative technologies in the financial sector.