According to reports from Hong Kong media, the Standard Chartered's SC Ventures incubated tokenization platform Libeara announced that it will first launch a USD tokenized money market fund in Singapore this month, initially on the Ethereum mainnet. Alexandre Deschatres, the head of business development at Libeara, stated in an interview that before the full on-chain launch, they will assess the liquidity status of U.S. Treasury bonds with Wellington Asset Management and Fundbridge.