RWA Tokenization Wave Sweeps Global Financial Markets

Tokenization is rapidly shifting from concept to practice, becoming a hot topic in the global financial sector. Whether it is crypto-native institutions or traditional financial giants, they are all exploring how to achieve the digitalization, on-chain integration, and globalization of real-world assets (RWA) under compliance. From government bonds, real estate to commodities and bills, the range of asset classes continues to expand, and the regulatory framework is gradually opening up experimental space. Behind this wave of on-chain assets lies a deep demand from the global capital markets for efficiency, transparency, and around-the-clock liquidity.

In this context, Libeara, as an innovative platform, is positioned as a regulatory-friendly, institution-oriented tokenization practitioner. Unlike many traditional financial institutions that are still in the pilot phase, Libeara has accumulated practical business experience through real projects. At the same time, it differs from the aggressive approach of some crypto institutions that prioritize technology, placing greater emphasis on compliance, security, and institutional-grade adaptation.

RWA enters an accelerated phase, three major products pave the way for traditional asset on-chain.

The trend of RWA on-chain is accelerating its penetration into the mainstream market. The latest data shows that the total value of global on-chain RWA assets has exceeded $25.5 billion, with a growth rate of nearly 56% this year, covering various asset classes such as US Treasury bonds, real estate, private credit, commodities, and stocks. This indicates that on-chain finance is no longer limited to experimental grounds for crypto-native assets; the traditional financial market has an increasing 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 problems such as complex and lengthy issuance processes, high participation thresholds, exorbitant costs, and severe data silos. To address these pain points, Libeara has developed high-compliance and high-efficiency 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 asset tokenization.

Bravo: Native Tokenization of Government Securities and Bonds

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

Traditional sovereign bonds usually have high thresholds and complex processes, aimed only at institutional investors. Bravo eliminates the entry barriers of traditional markets by supporting the issuance of low-denomination bonds and on-chain wallets, promoting the democratization of debt. Traditional bonds involve multiple intermediaries, with cumbersome processes and low efficiency. Bravo allows governments to issue, circulate, and repay directly on-chain, and automatically executes through smart contracts, with the entire process being traceable and verifiable.

Developing countries rely heavily on dollar debt for financing, making them prone to currency mismatch traps. Bravo's local currency bond support mechanism enables the on-chain issuance of native local currency debt, enhancing governments' strategic autonomy and risk resistance, while strengthening credit anchoring.

The Bravo platform offers flexible debt product design capabilities. Traditional government bonds have a single form, making it difficult to adapt to diverse capital demands and policy orientations. Bravo supports programmable debt instruments, such as inflation-linked inflation-protected bonds, delayed issuance bonds designated for future activation, as well as lottery bonds and birthright bonds, to meet social policy objectives and the needs of diverse populations.

Traditional debt structures involve multiple institutions, presenting the possibility of intermediary risks, operational errors, or bankruptcy events that 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, while also ensuring data transparency and verifiability, significantly 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 class and cross-jurisdiction fund management, meeting diverse portfolio needs. Investors can easily complete subscription, redemption, and transfer operations for 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 through Libeara, equipped with institutional-level security and compliance. Delta meets the different needs of crypto-native investors and traditional investors by bridging traditional finance and decentralized finance.

Tango: Universal Security Token Issuance Platform

Tango is a general securities 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 to ensure technical compatibility and flexibility to adapt to different market demands. At the same time, Tango integrates KYC and AML functions, along with bank-level technology, internal control systems, risk management, and compliance standards, ensuring that the issuance and circulation of all tokenization projects meet 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 exploration and experimentation stage, Libeara is driving the 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, covering various asset scenarios including public offerings, private placements, sovereign debt, and central bank digital currencies, 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 by Libeara in collaboration with multiple institutions, and it is also one of the highest-rated tokenized US Treasury funds in the world, receiving high ratings from multiple institutions. Recently, several on-chain capital entry platforms and RWA exchanges 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 - the Huaxia Hong Kong Dollar Digital Currency Fund. This fund is the first tokenized fund approved by the Hong Kong Securities and Futures Commission for retail investors, providing innovative investment tools for investors to earn Hong Kong Dollar returns through blockchain-based channels via Libeara.

In 2023, Libeara was shortlisted for the finals of the Ghana Central Bank CBDC hackathon, creating a prototype system that supports the subscription of Ghanaian government bonds and notes for CBDC. This project not only verified the technical feasibility but also provided a viable path for financial digitization in emerging markets.

In addition, Libeara's tokenization technology has been incorporated into several national financial infrastructure construction projects. In 2024, Libeara 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 tokenization market in Hong Kong. Libeara collaborated with multiple institutions to conduct proof of concept tests, 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 country's first tokenization retail bond project, issuing an initial offering of retail bonds valued at 9 billion Philippine pesos on the public blockchain. Libeara also participated in the green finance project Project Genesis launched by the Hong Kong Monetary Authority and the Bank for International Settlements Innovation Hub, exploring the application of blockchain technology in the tokenization of green bonds to improve issuance efficiency, lower investment thresholds, and enhance transparency in green investments.

The core team has extensive financial experience and is dedicated to creating the RWA "super secure car".

The name Libeara is derived from the combination of "Liberty" (the first retail government bond in the U.S., known as the "Freedom Bond") and "Aerarium" (the treasury of ancient Rome). Established in January 2023 and headquartered in Singapore, Libeara is a fintech company created as an innovative incubation platform under a certain bank, dedicated to utilizing blockchain technology to promote the tokenization of government bonds and funds, breaking down 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 in traditional finance, blockchain technology, and regulatory compliance. The founder and CEO has over 20 years of rich experience in capital markets, having designed and executed bond financing plans 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 such as numerous intermediaries, high investment thresholds, and limited liquidity. These experiences form the foundation of Libeara's establishment, allowing it to find a balance between technological innovation and financial security, providing the market with solutions that are both efficient and credible.

The founder has stated that the two types of assets, tokenized funds and bonds, involve too many intermediaries, leading to high investment thresholds and difficulty in 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 circulate peer-to-peer among investors, significantly increasing flexibility. This has also given rise 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 secure. Many past projects simply digitized assets on the chain without considering basic investor protection measures, thus introducing unnecessary risks. Libeara aims to build a "super safe car" that can drive safely on the digital highway of modern finance.

The target audience of Libeara's services is a new type of investor, specifically 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; many people still equate blockchain with 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 retaining the stability and structure of traditional finance while meeting the contemporary investors' demands for flexibility and autonomy.