Asset management company Wellington Management recently announced a partnership with Libeara to invest in the RWA sector. It is understood that both parties will collaborate on tokenized ultra-short-term government bonds, and the company has chosen Ondo Finance's technology to support the settlement and redemption of this financial product 24 hours a day.
Moody's Aa-rated tokenized fund signifies that security will not change due to being on-chain.
Libeara is a tokenization platform for real-world assets (RWA) invested by Standard Chartered, and the project for this collaboration is named Delta Wellington Ultra Short Treasury On-Chain Fund. Libeara's founder and CEO Aaron Gwak stated that the fund serves as an example of the SGD Delta fund, becoming the first tokenized fund to receive a Moody's Aa rating.
Aaron Gwak also emphasized how tokenization transforms asset liquidity, presenting a completely new investment experience for traditional investors. For example, using tokenized funds as collateral, the flexibility of assets can be enhanced through blockchain and smart contracts, automating complex processes like collateral execution and ensuring ownership transfer when needed.
Wellington's asset management scale surpasses $1 trillion, partnering with Ondo to create 24-hour liquidity.
Wellington Management is one of the largest independent asset management companies in the world, with assets under management exceeding $1 trillion. Wellington Management has chosen Ondo Finance's technology to support intraday redemptions, and Ondo Finance's 24/7 redemption technology will enable investors to exit positions when necessary.
Delta Wellington Ultra Short Treasury On-Chain Fund has received a Moody's Aa rating, representing an important milestone in the mainstream acceptance of tokenized assets. The Aa rating not only verifies the safety and stability of the fund's structure but also highlights that the tokenization process does not fundamentally change the risk profile of traditional financial assets.
Delta Wellington may become a new source of stablecoin yield, with several protocols expressing interest.
Wellington's Director of Digital Assets and Tokenization, Mark Garabedian, stated: "Tokenization represents a new frontier in asset management, and we are excited to collaborate with Libeara, FundBridge, and Standard Chartered to continue advancing this pioneering initiative." He added, "By leveraging blockchain technology for asset management, FundBridge can offer clients greater access and operational efficiency, aligning with Wellington's commitment to providing innovative, top-tier investment solutions."
According to reports, Delta Wellington's ultra-short-term government bond on-chain fund has received enthusiastic support from the Web3 community, with interest from stablecoin issuers, exchanges, and decentralized autonomous organizations (DAOs). Mountain Protocol, Drift, and Ondo Finance have already expressed interest in this completely on-chain dollar treasury solution.
This article about asset management company Wellington partnering with Standard Chartered and Ondo Finance to launch a Moody's Aa-rated on-chain fund first appeared in Chain News ABMedia.