Innovative Attempts under the Wave of Tokenization: Libeara's Global Layout for RWA

Tokenization is gradually transitioning from concept to practice, becoming a hot topic in the global financial sector. Whether it is pioneers in the crypto space or traditional financial giants, all are exploring how to digitalize, put on-chain, and globalize real-world assets (RWA) under compliance requirements. This trend encompasses a diverse range of assets from government bonds, real estate to commodities, and notes, with regulatory frameworks gradually opening up experimental space. This wave of on-chain asset enthusiasm actually reflects the deep demand of global capital markets for improved efficiency, increased transparency, and around-the-clock liquidity.

In this context, Libeara, as an innovative platform, is committed to becoming a regulatory-friendly, institution-focused tokenization practitioner. Unlike many traditional financial institutions that are still in the initial exploratory phase, Libeara has accumulated practical business experience through real projects. At the same time, compared to the aggressive approach of some crypto institutions that prioritize technology, Libeara places greater emphasis on compliance, security, and institutional-level adaptation.

The RWA market accelerates its development, with three major products constructing on-chain channels for traditional assets.

The trend of on-chain RWA is rapidly penetrating the mainstream market. The latest data shows that the total value of global on-chain RWA assets has exceeded $25.5 billion, growing nearly 56% since the beginning of the year, covering a variety of asset classes such as U.S. Treasuries, real estate, private credit, commodities, and stocks. This indicates that on-chain finance is no longer limited to the experimental field of crypto-native assets, and the traditional financial market's demand for more efficient, transparent, programmable, and composable financial infrastructure is increasingly strong.

Currently, the issuance and custody process of traditional financial assets still heavily relies on centralized institutions. While there are advantages in compliance and security, it also faces challenges such as complex issuance processes, high participation thresholds, exorbitant costs, and serious data silos. To address these pain points, Libeara has developed a highly compliant and efficient on-chain issuance and management solution through its three core product lines: Bravo, Delta, and Tango, targeting major asset classes such as bonds, funds, and securities, thereby accelerating the on-chain transformation of traditional assets.

Bravo: Native Tokenization of Government Notes and Bonds

Bravo is an innovative asset tokenization platform designed for national-level financial institutions, supporting the native issuance, trading, and management of government bonds and sovereign debt directly on the blockchain, enhancing the inclusiveness, transparency, and risk resistance of the financial system.

Traditional sovereign bonds typically have high thresholds and complex processes, only targeting institutional investors. Bravo eliminates the entry barriers of traditional markets by supporting the issuance of small denomination bonds and on-chain wallets, promoting the democratization of debt. Traditional bonds involve multiple intermediaries, making the process cumbersome and inefficient. Bravo allows governments to issue, circulate, and repay directly on-chain, with smart contracts automating execution, ensuring the entire process is traceable and verifiable.

Developing countries' financing heavily relies on dollar debt, making them vulnerable to the trap of currency mismatch. Bravo's local currency bond support mechanism facilitates the on-chain issuance of native local currency debt, enhancing government strategic autonomy and risk resistance, and strengthening credit anchoring.

The Bravo platform offers flexible debt product design capabilities, supporting programmable debt instruments such as inflation-linked bonds, delayed issuance bonds designated for future activation, as well as innovative forms like lottery bonds and birthright bonds, meeting social policy objectives and the needs of diverse populations.

Bravo implements a native on-chain holding mechanism, where assets are directly owned by investors, eliminating intermediary custody risks and single points of failure. Additionally, the data is transparent and verifiable, significantly enhancing system resilience.

Delta: Tokenization services aimed at regulated fund managers

Delta allows regulated fund managers to issue and manage on-chain fund shares, supporting the tokenization of fund shares with any denomination, significantly lowering investment thresholds. Through the tokenization mechanism, these fund shares can be freely transferred among compliant investors, effectively breaking the liquidity bottleneck in traditional fund investments. The platform supports multi-asset classes and cross-jurisdictional fund management, meeting the demands of diversified investment portfolios. Investors can conveniently complete subscription, redemption, and transfer operations of fund shares on the Delta platform, greatly enhancing user experience and operational efficiency.

Delta will officially launch an institutional-grade application and platform developed through Libeara for a licensed fund manager, featuring institutional-level security and compliance. Delta meets the different needs of crypto-native investors and traditional investors by being compatible with traditional finance (TradFi) and decentralized finance (DeFi).

Tango: General Securities Token Issuance Platform

Tango is a universal security token issuance platform that supports multiple asset classes, enabling the tokenization of various real-world assets such as securities, commodities, and media. The platform supports multiple blockchain networks, ensuring technical compatibility and flexibility to meet different market demands. At the same time, Tango integrates KYC and AML functions, as well as bank-grade technology, internal control systems (ICS), risk management, and compliance standards, ensuring that the issuance and circulation of all tokenization projects comply with regulatory and legal standards.

Entering the practical stage, the tokenization business has been implemented for many years.

Compared to many RWA participants who are still in the exploration and experimentation stage, Libeara is promoting the tokenization from concept to actual implementation. By flexibly adapting to the regulatory and market demands of different countries and institutions, Libeara has been practically tested and optimized in national projects in Singapore, Hong Kong, Ghana, and the Philippines, involving various asset scenarios such as public offerings, private placements, sovereign debt central bank digital currencies (CBDC), providing a replicable and verifiable technological paradigm for the global market.

For example, the ULTRA Fund is a tokenized U.S. Treasury short-term bond fund launched in collaboration between Libeara and a certain fund management company and a certain asset management company for qualified and institutional investors. It is also one of the globally highest-rated tokenized U.S. Treasury bond funds, receiving high ratings from multiple institutions. Recently, a certain on-chain capital entry platform and a certain RWA exchange have also announced cooperation with Libeara to expand access to the ULTRA Fund.

Libeara has also partnered with a leading public offering institution to successfully launch a retail tokenization fund – a certain Hong Kong dollar digital currency fund. This fund is the first tokenized fund approved by the Hong Kong Securities and Futures Commission aimed at retail investors. Through Libeara, tokenization is achieved, providing investors with an innovative investment tool to earn Hong Kong dollar returns through blockchain-based channels.

In 2023, Libeara was selected as a finalist in the Central Bank Digital Currency (CBDC) hackathon in Ghana, where it built a prototype system supporting the subscription of Ghanaian government bonds and bills with CBDC. This project not only validated the technical feasibility but also provided a viable path for fiscal digitalization in developing markets.

In addition, Libeara's tokenization technology has been incorporated into several national-level financial infrastructure construction projects. In 2024, Libeara participated in Project Ensemble launched by the Hong Kong Monetary Authority, which is a wholesale Central Bank Digital Currency (wCBDC) project aimed at promoting the development of the tokenization market in Hong Kong. Libeara collaborated with a bank and a payment company to conduct proof-of-concept testing, exploring the settlement applications of tokenized deposits and tokenized assets, providing practical case support for the wCBDC infrastructure of the Hong Kong Monetary Authority. In 2020, Libeara partnered with a bank to complete the Philippines' first tokenized retail bond project, issuing a total of 9 billion Philippine pesos (approximately 187 million USD) in the initial issuance of retail bonds on the public blockchain. Libeara also participated in the green finance project Project Genesis jointly launched by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) Innovation Hub, exploring the application of blockchain technology in the tokenization of green bonds to improve issuance efficiency, lower investment thresholds, and enhance transparency in green investments.

The core team has rich financial experience and is committed to creating the RWA "super secure car".

The name Libeara is derived from "Liberty" (the first retail government bonds in the U.S., known as "freedom bonds") and "Aerarium" (the ancient Roman treasury). As a fintech company created by an innovative incubation platform under a certain bank, Libeara was established in January 2023 and is headquartered in Singapore. It is committed to utilizing blockchain technology to promote the tokenization of government bonds and funds, breaking down the friction and barriers of traditional capital markets, and expanding investment channels that were previously hard to reach.

The core team of Libeara brings together top experts from traditional finance, blockchain technology, and regulatory compliance. The founder and CEO has over 20 years of rich experience in capital markets and has designed and executed bond financing programs worth over $180 billion for sovereign nations, corporations, and financial institutions. They have profound insights into the inefficiencies and pain points of traditional financial markets, particularly in areas with numerous intermediaries, high investment thresholds, and limited liquidity. This experience has become the cornerstone of Libeara’s establishment, enabling it to find a balance between technological innovation and financial security, providing the market with solutions that are both efficient and trustworthy.

The founder of Libeara once stated, "Tokenization of funds and bonds involves too many intermediary links, resulting in high investment thresholds and difficulty in access. Tokenization not only simplifies these inefficient links but also redefines the interaction between investors and assets. Through blockchain technology, Libeara enhances the transferability of these investments, allowing assets to flow peer-to-peer among investors, significantly increasing flexibility. This has also given rise to more new use cases, such as enhancing liquidity and expanding the range of investor participation."

He emphasized that not all tokenization projects are equally safe. Many past projects simply put the numbers of assets on the chain without considering basic investor protection measures, thus introducing unnecessary risks. Libeara's goal is to create a "super safe car" that can drive safely on the digital highway of modern finance.

The target audience of Libeara's services is a new type of investor, specifically those who hold crypto wealth but wish to participate in traditional capital market investments. The founder pointed out that the widespread application of blockchain in traditional finance faces cognitive barriers, as many people still equate blockchain with highly volatile cryptocurrencies and unregulated markets, rather than with stable, regulated assets like government bonds. Changing this perception requires not only advanced technology but also a strong compliance framework to demonstrate that blockchain can support serious regulated financial products.

He envisions that the power of wealth allocation will shift from large financial institutions to individuals. Tokenization will play a key role in preserving the stability and structure of traditional finance while meeting the contemporary investors' demand for flexibility and autonomy.