Standard Chartered-Backed Libeara Secures Provisional Regulatory Nod in Singapore
Libeara, a tokenization platform incubated by Standard Chartered's SC Ventures, has obtained in-principle approval from Singapore's Monetary Authority for a Capital Markets Services license. The milestone paves the way for institutional offerings of tokenized capital markets products upon full licensing.
"This validates our operational readiness to bridge traditional finance with digital assets," said CEO Aaron Gwak. The platform has already piloted tokenized treasury solutions with public sector entities across Asia and Africa.
The approval signals growing institutional acceptance of blockchain-based financial infrastructure. Standard Chartered's financing chief Margaret Harwood-Jones oversees the strategic initiative through the bank's innovation arm.
