Tokenization: A Revolutionary Transformation from Concept to Practice

Tokenization is rapidly moving from theory to practical application, becoming a hot topic in the global financial sector. Both emerging crypto institutions and traditional financial giants are exploring how to digitize, put on the chain, and globalize real-world assets (RWA) under compliance conditions. From government bonds, real estate to commodities, and bills, the range of asset classes is constantly expanding, and the regulatory framework is gradually opening experimental space. This wave of on-chain asset enthusiasm reflects the deep-seated demand of the global capital market for efficiency, transparency, and around-the-clock liquidity.

In this context, Libeara positions itself as an innovative platform that is regulatory-friendly and aimed at institutional tokenization practitioners. Unlike many traditional financial institutions that are still in the pilot stage, Libeara has accumulated practical business experience through real projects; at the same time, unlike some aggressive technology-first approaches of certain crypto institutions, Libeara places greater emphasis on compliance, security, and institutional-level adaptation.

RWA enters an acceleration phase, three major products connect the path of traditional asset on-chain.

The trend of RWA on-chain is accelerating its penetration into the mainstream market. Latest data shows that so far, the total value of global on-chain RWA assets has surpassed $25.5 billion, with a year-to-date growth rate of nearly 56%, covering various asset classes such as U.S. Treasury bonds, real estate, private credit, commodities, and stocks. This trend indicates that on-chain finance is no longer limited to an experimental ground for crypto-native assets; the traditional financial market has an increasingly strong demand 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 compliance and security, they also face challenges such as complex and lengthy issuance processes, high participation thresholds, soaring costs, and severe data silos. To address these pain points, Libeara has developed highly compliant and efficient on-chain issuance and management solutions through its three core product lines: Bravo, Delta, and Tango, targeting major asset categories such as bonds, funds, and securities, thereby accelerating the on-chain process of traditional assets.

Bravo: Native Tokenization of Government Notes and Bonds

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

Traditional sovereign bonds usually have high thresholds and complex processes, only targeting institutional investors, while ordinary citizens are often excluded. 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. Additionally, traditional bonds involve multiple intermediaries, with cumbersome processes and low efficiency. Bravo allows governments to directly issue, circulate, and repay on-chain, and automatically executes through smart contracts, making the entire process traceable and verifiable.

Developing countries rely heavily on dollar debt for financing. Once their local currency depreciates, the pressure to repay debts increases sharply, making them prone to the trap of currency mismatch. Bravo's local currency bond support mechanism facilitates the on-chain integration of native local currency debt, enhancing government strategic autonomy and risk resistance, while strengthening credit anchoring.

The Bravo platform provides flexible debt product design capabilities. Traditional government bonds have a single form and are difficult to adapt to the increasingly diverse capital demands and policy directions. Bravo supports programmable debt instruments, such as inflation-linked bonds for value preservation, delayed issuance bonds designated for future activation, as well as innovative forms like lottery bonds and birthright bonds, allowing debt products to meet social policy objectives and the diverse needs of different groups.

In traditional debt structures, multiple institutions are involved, and intermediary risks, operational errors, or bankruptcy events can lead to investors being unable to redeem or suffering losses. Bravo implements a native on-chain holding mechanism, where assets are directly owned by investors, eliminating intermediary custody risks and single points of failure, and the data is transparent and verifiable, greatly enhancing system resilience.

Delta: Tokenization services for regulated fund managers

Delta allows regulated fund managers to issue and manage on-chain fund shares, 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-jurisdictional fund management, meeting the needs of diversified investment portfolios. Investors can conveniently subscribe, redeem, and transfer fund shares on the Delta platform, greatly enhancing user experience and operational efficiency.

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

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 technical compatibility and flexibility to meet the needs of different markets. At the same time, Tango integrates KYC and AML functionalities, as well as bank-grade technology, internal control systems (ICS), risk management, and compliance standards, ensuring that all tokenization projects' issuance and circulation comply with regulatory and legal standards.

Entering the practical stage, tokenization business has been implemented for many years

Compared to many RWA participants who are still in the exploratory and experimental stage, Libeara is driving 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 such as Singapore, Hong Kong, Ghana, and the Philippines, involving various asset scenarios including public offerings, private placements, sovereign debt, and central bank digital currency ( CBDC ), providing a replicable and verifiable technological paradigm for the global market.

For example, the ULTRA Fund is a tokenized US short-term treasury fund launched in collaboration with multiple parties aimed at qualified and institutional investors, and it is also one of the highest-rated tokenized US treasury funds globally, receiving high ratings from multiple institutions. Recently, several on-chain capital platforms have also announced partnerships 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. This fund is the first tokenized fund approved by the Hong Kong Securities and Futures Commission for retail investors. Through Libeara's tokenization, it provides an innovative investment tool for investors to earn HKD returns through blockchain-based channels.

As early as 2023, Libeara was shortlisted for the finals of the Ghana Central Bank CBDC hackathon, building a prototype system that supports the subscription of Ghanaian government bonds and notes with CBDC, achieving the on-chain tokenization issuance and settlement of Ghanaian government bonds. This project not only serves as a validation of its technological feasibility but also provides a viable path for financial digitalization in emerging markets.

In addition, Libeara's tokenization technology has been incorporated into several national-level financial infrastructure construction projects. In 2024, Libeara actively participated in Project Ensemble launched by the Hong Kong Monetary Authority, which is a wholesale central bank digital currency project aimed at promoting the development of the tokenized market in Hong Kong. Libeara collaborated with multiple institutions to carry out 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 Philippines' first tokenized retail bond tokenization project, issuing a total of 9 billion Philippine pesos (approximately 1.87 million USD) in retail bonds on the public blockchain. Libeara also participated in a green finance project jointly launched by the Hong Kong Monetary Authority (HKMA) and the Bank for International Settlements (BIS) Innovation Hub, aimed at 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's financial experience is rich and is dedicated to building the RWA "super safe car".

The name Libeara is derived from "Liberty" ( the first retail government bonds in the US "Freedom Bonds" ) and "Aerarium" ( the ancient Roman treasury ). As a financial technology company developed by an innovative incubation platform under a certain bank, Libeara was established in January 2023 and is headquartered in Singapore. It is committed to using blockchain technology to promote the tokenization of government bonds and funds, breaking the friction and barriers of traditional capital markets and opening up investment channels that were previously difficult to access.

The core team of Libeara brings together top experts from traditional finance, blockchain technology, and regulatory compliance. The founder and CEO has over 20 years of extensive experience in capital markets, having designed and executed bond financing programs worth over $180 billion for sovereign nations, corporations, and financial institutions. He has profound insights into the inefficiencies and pain points of traditional financial markets, particularly in areas with numerous intermediaries, high investment thresholds, and limited liquidity. This experience serves as the foundation for 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 credible.

The founder once stated, "Tokenization of funds and bonds involves too many intermediary steps, resulting in high investment thresholds and difficult access. 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 point-to-point among investors, significantly increasing flexibility. This has also led to more new use cases, such as improving liquidity and expanding the range of investor participation."

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

The target audience of the Libeara service 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 highly 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 envisions that the power of wealth allocation will shift from large financial institutions to individuals. Tokenization will play a key role in preserving the stability and structure of traditional finance while meeting contemporary investors' demands for flexibility and autonomy.