Singapore’s MG 999 Tokenized Gold Fund Unveiled: Digital Gold Revolution
3.8 Investments FundBridge and Libeara launch MG 999, a tokenized gold fund in Singapore, offering digital gold exposure and lending options for businesses, reflecting the trend of real-world asset tokenization.
FundBridge Capital and Libeara, backed by Standard Chartered, have launched the MG 999 tokenized gold fund in Singapore, targeting institutional and accredited investors. The fund provides digital exposure to the gold spot price through blockchain-based tokens, eliminating the need for physical storage and associated costs. The structure also includes a lending component, allowing businesses such as Mustafa Gold to secure credit against their gold inventory while keeping it available for sale. This initiative combines traditional regulatory oversight with blockchain technology, aiming to transform gold from a traditionally non-yielding asset into a productive instrument. The launch comes amid increased demand for safe-haven assets due to geopolitical tensions and financial uncertainty. The MG 999 fund exemplifies the growing trend of tokenizing real-world assets, expanding the use cases for digital assets in the financial sector and reinforcing Standard Chartered's digital asset strategy in Asia.
