Singapore’s FundBridge Launches Tokenized Gold-Linked Private Credit Fund

Singapore just dropped a blockchain bomb on traditional finance—and it's backed by gold.

FundBridge, operating from the city-state's tightly regulated financial hub, just launched what might be the most compelling argument yet for tokenization: a private credit fund pegged to physical gold. This isn't speculative crypto; it's hard asset meets digital efficiency.

Gold Gets a Digital Passport

The fund tokenizes ownership in a portfolio of private credit deals. Each digital share is directly linked to the value of allocated physical gold bullion held in secure, insured vaults. It's a dual-layer play: investors get exposure to the potentially high yields of private credit, while the gold link acts as a historic inflation hedge and stability anchor. Talk about having your cake and eating it too—assuming the cake is a gold bar.

Why This Cuts Through the Noise

Private credit markets are notoriously opaque and illiquid. Tokenization smashes those barriers. It enables fractional ownership, opens the door to a broader investor base, and promises near-instant settlement on a blockchain. FundBridge isn't just creating a new product; it's building a bridge between the trillion-dollar world of alternative assets and the programmable future of finance. The old guard's paperwork-heavy, weeks-long settlement process just got a glaring side-eye.

The Singapore Stamp of Approval

Launching from Singapore is no accident. The Monetary Authority of Singapore (MAS) has positioned itself as a forward-thinking, yet stringent, regulator for digital assets. A gold-linked, tokenized fund launching here sends a powerful signal of legitimacy to institutional investors still dipping a cautious toe in the crypto waters. It's structured finance, but for the digital age.

Is this the killer app for real-world asset (RWA) tokenization? It checks all the boxes: tangible collateral, institutional structure, and regulatory clarity. While some fintech pitches promise to disrupt everything but deliver mostly buzzwords, this one actually uses the blockchain for what it's good for—proving ownership and moving value efficiently. The finance world loves gold, and it's slowly learning to love blockchain. This fund might just be the marriage broker. After all, nothing makes a banker more comfortable than the glint of gold—even if it's now reflected in a digital ledger.

FundBridge Capital has launched a tokenised private credit fund designed to generate yield on gold, a first for the region, the asset manager announced in a statement today.

The MG999 On-Chain Gold Fund allows investors to gain exposure to the performance of the gold spot price without incurring the costs of vaulting, insurance, or physical storage.

The fund issues digital units on Libeara’s tokenisation platform, which currently supports over $1 billion in compliant on-chain assets. The units are structured to provide returns linked to both the gold spot price and yield from lending, effectively transforming gold from a traditionally “negative carry” asset into a productive instrument.

Singapore' Mustafa Gold, a subsidiary of the Mustafa Group, is the fund’s first borrower, tapping the structure to manage working capital needs.

“MG999 will enable gold retailers to capitalise on innovation in the digital space while managing working capital more efficiently,” Mustaq Ahmad, founder of the Mustafa Group, said in the announcement.

FundBridge said the fund combines traditional regulatory oversight with blockchain infrastructure to create a framework for regulated tokenised assets. Aaron Gwak, founder and CEO of Libeara, added that the platform provides Web3-compatible technology rails to help the industry transform gold into a yield-generating instrument.