FundBridge Capital and Libeara have announced the deployment of infrastructure support for ULTRA to operate on the Arbitrum network.
ULTRA is described as a tokenized U.S. Treasury strategy managed by FundBridge Capital, a fund manager regulated by the Monetary Authority of Singapore (MAS), and sub-managed by Wellington Management.
Libeara, an asset tokenization platform incubated by SC Ventures by Standard Chartered, “provides the smart contract infrastructure underpinning the fund’s compliant on-chain operations.”
Arbitrum’s architecture enables “real-world assets (RWAs) like ULTRA to operate on-chain, meeting the technical standards and compliance expectations of institutional allocators and financial institutions.”
As part of this initiative, full-stack tokenization platform Theo will launch thBILL, “a tokenized short-term Money Market product providing indirect exposure to U.S. Treasury strategy onchain.”
Designed as an institutional-grade infrastructure layer, thBILL enables onchain mechanisms “that support trading liquidity and efficient lending for tokenized real-world assets. thBILL is expected to be available on Arbitrum through decentralized exchanges (DEXes) such as Camelot and Ramses.”
This follows a collaboration “between Libeara, Theo, and FundBridge—supported by Wellington Management—focused on developing compliant infrastructure to support the on-chain distribution of real-world assets.”
Arbitrum’s infrastructure can support the “deployment of institutional-grade tokenized funds, and the network’s performance, composability, and smart contract capabilities make it a foundation for such applications.”
Libeara’s role in the deployment includes “managing FundBridge Capital’s tokenization infrastructure—supporting wallet integrations, onboarding flows, and interoperability features designed for institutional platforms.”
As the MAS-regulated fund manager, FundBridge Capital “oversees the fund’s structure, regulatory compliance and governance.”
This includes working alongside Wellington Management to “ensure the fund operates in accordance with its investment mandate and overseeing fund administration services.”
This launch reflects a shift toward the “use of programmable blockchain infrastructure to support regulated financial products in a compliant, and transparent manner.”
As stated in a release, Libeara is an SC Ventures-incubated tokenization platform built to “create accessible, transparent, and secure markets.”
A portmanteau of Liberty and Aerarium (the retail US Treasuries and the Roman Treasury, respectively), Libeara is an “asset tokenization platform that seeks to introduce a new approach to investing through technology and innovation.”
As finalists in the Monetary Authority of Singapore’s (MAS) Global Retail CBDC Challenge, Libeara is ready to “help organizations create, issue, and manage real-world assets on-chain.”
As mentioned in the announcement, SC Ventures builds and invests in ventures in and beyond banking.
SC Ventures by Standard Chartered provides “a platform for organisations to collaborate and co-create fintech ecosystems to reimagine the future of finance.”
As noted in the update, Wellington Management is one of the independent investment management firms, serving as an “adviser to over 2,500 clients in more than 60 countries.”
The firm manages more than “$1.3 trillion, as of 31 December 2024, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients.”
Wellington aims to provide service to clients “through a combination of independence enabled by its private partnership model, perspectives through its unified, multi-asset investment platform, and intellectual rigor fostered by its collaborative culture.”