• Libeara, backed by Standard Chartered, is launching an on-chain USD treasuries fund using Solana and other blockchains.

  • Wellington Management, managing over $1.3 trillion globally, partners in this blockchain venture, boosting credibility.

  • The fund signals a shift towards merging traditional finance products with blockchain for greater transparency and lower fees.

Standard Chartered backed investment platform from Libeara is planning to offer the first on-chain fund to target US Treasury securities. Expansion will be focused on other blockchains Solana is the blockchain of choice for the fund will be deployed at. This strategic move shows that there is increasing attention to embedding conventional financial products with blockchain.

Partnership with Leading Financial Firms

In order to support the new service, Libeara has partnered with FundBridge Capital and Wellington Management. The investment firm Wellington Management, which oversees more than $1.3tn in assets and counts among the most influential globally, contributes a vast experience. FundBridge Capital participates in this further to add the necessary financial support and governance capacity to the initiative.

https://twitter.com/SolanaFloor/status/1852215173840613621 A Step Toward Decentralized Finance Adoption

Libeara‘s latest fund aims to attract investors willing to diversify the range of their investment instruments digital assets enabling access to the US treasury. One dimension of this phenomenon of using legacy assets in the digital economy is the shift to more extensive financial inclusion of the traditional markets at the on-chain level. To facilitate high throughput, low costs, and scalability Solana was chosen as the main blockchain.

The project embodies an increasing propensity of relying on DeFi paradigms for providing banking products that have always known to be accessible through legacy financial systems. This initiative could provide a model for how investment products are built and sold in a world where blockchain is a reality.

The launch of this fund is the opportunity for investors to get a better, blockchain-based access to secure high-quality financial instruments. With on-chain funds, people can get more transparent, faster and cheaper solutions than with the traditional financial system. Such offerings may ideally appeal to a wide population from individual angel investors who are tech- oriented to institutional investors who are looking forward to investing in blockchain technology.

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