FundBridge and Libeara Launch Synthetic Gold Token MG 999 for Institutional Investors
FundBridge and Libeara have introduced MG 999, a blockchain-based synthetic Gold token designed for institutional investors. Backed by Standard Chartered SC Ventures, the token tracks the spot price of gold without the need for physical storage, offering a regulated fund framework for exposure to gold's price movements.
The tokenized structure eliminates traditional vaulting and logistics requirements while maintaining real-time market alignment. FundBridge CEO Sue Lynn Lim emphasized regulatory compliance and the integration of digital infrastructure, bridging conventional supervision with blockchain technology.
This initiative expands Standard Chartered's footprint in digital asset innovation, leveraging synthetic mechanisms to mirror gold's performance without holding physical bullion.
