Tokenization Wave: Libeara Leading the On-Chain Transformation of Real-World Assets

Tokenization is rapidly moving from theory to practice, becoming a hot topic in the global financial sector. Whether it's crypto-native institutions or traditional financial giants, all are exploring how to digitize, tokenize, and globalize real-world assets (RWA) under the premise of compliance. From government bonds, real estate to commodities, and bills, the asset categories are continuously expanding, and the regulatory framework is gradually opening up experimental space. Behind this wave of on-chain assets lies a deep demand from global capital markets for efficiency, transparency, and 24/7 liquidity.

In this context, Libeara, as an innovative platform, practices tokenization in a regulatory-friendly and institution-focused manner. Unlike many traditional financial institutions that are still in the pilot phase, Libeara has accumulated practical business experience through real projects; at the same time, it differs from some crypto institutions' technology-first radical approach by placing greater emphasis on compliance, security, and institutional-level adaptation.

RWA Enters Acceleration Phase, Three Major Products Open Up Traditional Asset On-Chain Pathway

The trend of RWA tokenization is accelerating its penetration into the mainstream market. The latest data shows that 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. Treasuries, real estate, private credit, commodities, and equities. This trend indicates that on-chain finance is no longer limited to an experimental field for crypto-native assets; there is an increasing demand from traditional financial markets 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 they have advantages in terms of compliance and security, they also face 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 high-compliance and high-efficiency on-chain issuance and management solutions through its three core product lines: Bravo, Delta, and Tango, aimed at major asset categories such as bonds, funds, and securities, accelerating the on-chain transformation of traditional assets.

Bravo: Native tokenization of government bills and bonds

Bravo is an innovative asset tokenization platform designed for national financial institutions, supporting the native issuance, trading, and management of government bonds and sovereign debt directly on-chain, enhancing the inclusiveness, transparency, and risk resistance of the financial system.

Traditional sovereign bonds usually have high thresholds and complex processes, targeting only institutional investors. 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 US dollar debt, making them prone to currency mismatch traps. Bravo's local currency bond support mechanism facilitates the on-chain integration of native local currency debt, enhancing the strategic autonomy and risk resistance of governments, and strengthening credit anchoring.

The Bravo platform offers flexible debt product design capabilities, supporting 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, meeting social policy objectives and the needs of diverse populations.

Bravo implements a native on-chain coupon holding mechanism, with assets directly belonging to investors, eliminating intermediary custody risks and single points of failure, while ensuring data transparency and verifiability, greatly enhancing system resilience.

Delta: Tokenization services for regulated fund managers

Delta allows regulated fund managers to conduct on-chain fund share issuance and management, supporting tokenization of fund shares in any denomination, significantly lowering the investment threshold. Through the tokenization mechanism, these fund shares can be freely transferred among compliant investors, effectively breaking the liquidity bottleneck in traditional fund investments. The platform supports multi-asset classes and cross-jurisdiction fund management, meeting the needs of diversified investment portfolios. Investors can easily complete subscription, redemption, and transfer operations of fund shares on the Delta platform, greatly enhancing user experience and operational efficiency.

Delta officially launches its institutional-grade application and platform developed for licensed fund managers in Singapore, featuring institutional-level security and compliance. By being compatible with traditional finance (TradFi) and decentralized finance (DeFi), Delta meets the different needs of crypto-native investors and traditional investors.

Tango: Universal Security Token Issuance Platform

Tango is a universal security 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 technological compatibility and flexibility to adapt to different market demands. At the same time, Tango integrates KYC and AML functionalities, along with bank-grade technology, internal control systems (ICS), risk management, and compliance standards, ensuring that the issuance and circulation of all tokenization projects meet regulatory and legal standards.

Entering the practical stage, 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 pushing 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 countries like Singapore, Hong Kong, Ghana, and the Philippines, involving various asset scenarios such as public offerings, private placements, and sovereign debt central bank digital currencies (CBDC), providing a replicable and verifiable technological paradigm for the global market.

For example, the ULTRA Fund is a tokenized U.S. short-term Treasury fund launched by Libeara in collaboration with multiple parties, and it is one of the highest-rated tokenized U.S. Treasury funds globally, receiving high ratings from several institutions. Recently, multiple on-chain capital entry platforms and RWA exchanges announced their cooperation 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 - the Huaxia Hong Kong Dollar Digital Currency Fund. This fund is the first tokenization fund approved by the Hong Kong Securities and Futures Commission aimed at retail investors, utilizing Libeara to achieve tokenization, providing innovative investment tools for investors to earn Hong Kong dollar returns through blockchain-based channels.

In 2023, Libeara was shortlisted for the finals of the Ghana Central Bank CBDC Hackathon, building a prototype system that supports CBDC subscription to Ghanaian government bonds and notes, achieving on-chain tokenization issuance and settlement of Ghanaian government bonds. This project not only validated technical feasibility but also provided a viable path for financial digitization in emerging markets.

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

In 2020, Libeara collaborated with a bank in the Philippines to complete the country's first tokenization retail bond project, issuing a total of 9 billion Philippine pesos (approximately 187 million USD) in retail bond initial offerings on the public chain. Libeara also participated in the green finance project Project Genesis jointly launched by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) Innovation Hub, 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 dedicated to building the RWA "super safe car".

The name Libeara is derived from "Liberty" (the first retail treasury bonds in the United States, known as "Freedom Bonds") and "Aerarium" (the ancient Roman treasury). 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 dedicated to leveraging blockchain technology to promote the tokenization of government bonds and funds, breaking down the friction and barriers of traditional capital markets, and opening up investment channels that were previously hard to reach.

The core team of Libeara brings together top experts from traditional finance, blockchain technology, and regulatory compliance fields. The founder and CEO has over 20 years of rich experience in capital markets and has designed and executed bond financing solutions worth more than $180 billion for sovereign nations, corporations, and financial institutions. He has profound insights into the inefficiencies and pain points of traditional financial markets, especially in areas such as the multitude of intermediaries, high investment thresholds, and limited liquidity. These experiences form the cornerstone of Libeara's establishment, enabling it to find a balance between technological innovation and financial security, providing the market with solutions that are both efficient and trustworthy.

The founder once stated, "The two types of assets, tokenized funds and bonds, involve 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 spawned more new use cases, such as enhancing liquidity and expanding the range of investor participation."

He emphasized that not all tokenization projects are equally secure. Many past projects merely put the digital representation of assets on-chain without considering basic investor protection measures, thus introducing unnecessary risks. Libeara's goal is to create a "super safe car" that can drive safely on the digital highway of modern finance.

The target audience of Libeara's services is a new type of investor, namely 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, as many still equate 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 foresees that the power of wealth allocation will shift from large financial institutions to individuals. Tokenization will play a key role, retaining the stability and structure of traditional finance while meeting contemporary investors' demands for flexibility and autonomy.