Libeara and FundBridge Capital have introduced a tokenized United States Treasurys fund on a public blockchain. Known as the 'Delta Wellington Ultra Short Treasury On-Chain Fund,' the offering grants investors digital access to US Treasurys. The fund, deployed on the Ethereum mainnet initially, plans to expand to other blockchains like Arbitrum, Avalanche, and Solana. Libeara's platform enables users to interact with tokenized units through distributed ledger technology, marking a significant advancement. By combining traditional finance with blockchain, the Ultra Fund aims to enhance accessibility for financial institutions while reducing operational costs. Wellington Management, a global asset management firm, plays a crucial role in managing the fund and attracting institutional and Web3 investors. Standard Chartered Bank acts as the custodian, aligning with its goal to support clients in digital asset exposure amidst growing cryptocurrency adoption. Read more AI-generated news on: https://app.chaingpt.org/news