Moody’s rates first fund on Standard Chartered tokenization platform

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Moody’s has lately issued an AA score to the SGD Delta Fund, the primary fund using Commonplace Chartered’s SC Ventures’ Libeara tokenization platform.

Regardless of the underlying property boasting a AAA credit score high quality, Moody’s decision displays warning because of the fund supervisor’s restricted observe report in managing unit trusts with related methods. The tokenized Singapore-dollar authorities bond fund, provided by FundBridge Capital on Ethereum and Stellar blockchains, primarily invests in high-quality Singapore authorities securities.

Moody’s anticipates the fund’s credit score high quality to align with AAA requirements however emphasizes that the fund supervisor’s lack of expertise impacts the score. The progressive use of public blockchains, Ethereum (ETH) and Stellar (XLM), for issuing tokenized items is highlighted to reinforce transparency and facilitate exchanges amongst whitelisted traders.

Curiosity in tokenization is rising, with SC Ventures’ Libeara platform launching in collaboration with FundBridge Capital. The platform, conceived by Standard Chartered Financial institution’s funding and innovation arm, underscores its dedication to advancing blockchain know-how, as evidenced by its participation within the Financial Authority of Singapore’s International Retail CBDC Problem.

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