Tokenized Assets: Financial Innovation from Concept to Practice

Tokenization is rapidly becoming the focal point of the global financial sector. Whether it is cryptocurrency companies or traditional financial giants, they are all exploring how to digitize, chain, and globalize real-world assets (RWA) under compliance. From government bonds to real estate, to commodities and notes, the asset classes are continuously expanding, and the regulatory framework is gradually opening up experimental space. This wave of on-chain assets reflects the deep demand from global capital markets for efficiency, transparency, and round-the-clock liquidity.

In this context, Libeara, as an innovative platform, has become a tokenization practitioner aimed at institutions. Unlike many traditional financial institutions that are still in the pilot phase, Libeara has accumulated practical business experience through actual projects. At the same time, it differs from the aggressive path taken by some crypto institutions that prioritize technology, placing greater emphasis on compliance, security, and institutional-level adaptability.

RWA enters an acceleration phase, with three major products bridging the path for traditional assets to go on-chain.

The trend of RWA on-chain is accelerating its penetration into the mainstream market. According to the latest data from the data platform, the total value of on-chain RWA assets worldwide has surpassed $25.5 billion, with a year-to-date growth rate of nearly 56%, covering various asset classes such as U.S. Treasury bonds, real estate, private credit, commodities, and stocks. This indicates that on-chain finance is no longer limited to an experimental ground for crypto-native assets; the traditional financial market has an increasingly strong demand for more efficient, transparent, programmable, and composable financial infrastructure.

Currently, the issuance and custody processes of traditional financial assets still heavily rely on centralized institutions. Although there are advantages in compliance and security, there are also challenges such as complex and lengthy issuance processes, high participation thresholds, soaring 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 categories such as bonds, funds, and securities, thereby accelerating the on-chain process of traditional asset tokenization.

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, thereby 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, often excluding ordinary citizens. 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, with cumbersome processes and low efficiency. Bravo allows governments to issue, circulate, and repay directly on-chain, and automatically executes through smart contracts, making the entire process traceable and verifiable.

Developing countries' financing heavily relies on dollar debt. Once the local currency depreciates, the pressure to repay increases sharply, easily leading 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, while strengthening credit anchoring.

The Bravo platform also offers flexible debt product design capabilities. Traditional government bonds are singular in form and difficult to adapt to the increasingly diverse capital demands and policy directions. Bravo supports 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, allowing debt products to meet social policy objectives and the diverse needs of various populations.

In traditional debt structures, multiple institutions are involved, and intermediary risks, operational errors, or bankruptcy events can result in investors being unable to redeem or suffering losses. Bravo implements a native on-chain holding mechanism, where assets are directly owned by investors, eliminating intermediary custody risks and single points of failure, and the data is transparent and verifiable, greatly enhancing system resilience.

Delta: Tokenization services for regulated fund managers

Delta allows regulated fund managers to issue and manage fund shares on-chain, supporting tokenization of fund shares in 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 found in traditional fund investments. The platform supports multi-asset classes and cross-jurisdictional fund management, meeting the needs of diversified investment portfolios. Investors can conveniently subscribe, redeem, and transfer fund shares on the Delta platform, greatly enhancing user experience and operational efficiency.

Delta will officially launch an institutional-grade application and platform developed for licensed fund managers in Singapore through Libeara, featuring institutional-level security and compliance. By bridging traditional finance and decentralized finance, Delta meets the different needs of crypto-native investors and traditional investors.

Tango: General Securities Token Issuance Platform

Tango is a universal securities 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 the needs of different markets. At the same time, Tango integrates KYC and AML functionalities, as well as bank-level technology, internal control systems, risk management, and compliance standards to ensure that all tokenization projects' issuance and circulation comply with regulatory and legal standards.

has entered the practical stage, and the tokenization business has been established for many years.

Compared to many RWA participants who are still in the exploration and experimentation stage, Libeara is driving tokenization from concept to practical 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, and central bank digital currencies, providing a replicable and verifiable technical paradigm for the global market.

For example, the ULTRA Fund is a tokenized U.S. short-term Treasury bond fund launched in collaboration with Libeara and various qualified and institutional investors, and it is one of the highest-rated tokenized U.S. Treasury bond funds globally, receiving high ratings from multiple institutions. Recently, several on-chain capital platforms announced partnerships with Libeara to expand access to the ULTRA Fund.

Libeara has also partnered with leading domestic public offering institutions to successfully launch a retail tokenization fund. This fund is the first tokenized fund approved by the Hong Kong Securities and Futures Commission aimed at retail investors. Through Libeara's tokenization, it provides innovative investment tools for investors to earn HKD returns through blockchain-based channels.

In 2023, Libeara was shortlisted for the finals of the Ghana Central Bank CBDC hackathon, developing a prototype system that supports CBDC subscriptions for Ghanaian government bonds and notes, achieving on-chain tokenization issuance and settlement of Ghanaian government bonds. This project not only validates its technological feasibility but also provides a viable path for financial digitalization in developing markets.

In addition, Libeara's tokenization technology has been incorporated into several national 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 project aimed at promoting the development of the tokenization market in Hong Kong. Libeara collaborated with multiple parties to conduct proof-of-concept testing, exploring settlement applications for tokenized deposits and tokenized assets, providing practical case support for the Hong Kong Monetary Authority's wCBDC infrastructure.

In 2020, Libeara collaborated with a bank in the Philippines to complete the country's first tokenization project for retail bonds, issuing an initial offering of retail bonds worth a total of 9 billion Philippine pesos on a public blockchain. Libeara also participated in the green finance project Project Genesis, jointly launched by the Hong Kong Monetary Authority and the Bank for International Settlements Innovation Hub, aimed at exploring the application of blockchain technology in the tokenization of green bonds to improve issuance efficiency, lower investment thresholds, and enhance the transparency of green investments.

The core team has rich financial experience and is committed to building RWA "super safe car".

The name Libeara is derived from the combination of "Liberty" and "Aerarium". As a fintech company developed by an innovative incubation platform under a bank, Libeara was established in January 2023 and is headquartered in Singapore. It is committed to leveraging blockchain technology to promote the tokenization of government bonds and funds, breaking the friction and barriers of traditional capital markets, and opening up previously inaccessible investment channels.

Libeara's core team 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 solutions worth over $180 billion for sovereign nations, corporations, and financial institutions. He has deep insights into the inefficiencies and pain points of traditional financial markets, especially in areas such as the abundance of intermediaries, high investment thresholds, and limited liquidity. These experiences lay the foundation for the establishment of Libeara, enabling it to find a balance between technological innovation and financial security, and to provide the market with solutions that are both efficient and credible.

The founder once stated, "Tokenization of funds and bonds involves too many intermediary steps, resulting in high investment thresholds and difficulty in entry. Tokenization not only simplifies these inefficient processes 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 improving liquidity and expanding the scope of investor participation."

He emphasized that not all tokenization projects are equally secure. Many past projects simply placed the digital representation of assets on the chain without considering basic investor protection measures, thereby introducing unnecessary risks. Libeara aims to create a "super safe car" that can safely drive on the digital highway of modern finance.

Libeara's services target 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, with many still equating blockchain with volatile cryptocurrencies and unregulated markets, rather than 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, maintaining the stability and structure of traditional finance while meeting contemporary investors' demands for flexibility and autonomy.