StanChart-Backed Platform Offers Digital Gold Tokens to Singapore's GIC

A financial technology firm part-owned by Standard Chartered has created a new digital investment product for one of the world's largest sovereign wealth funds. The platform, named Libeara, has issued a "digital gold token" exclusively for GIC Private Limited of Singapore. These tokens represent ownership of physical gold bars stored in a secure vault. Each token is fully backed by real gold, meaning investors effectively hold digitized bullion. The innovation allows large institutional investors like GIC to buy, sell, and settle gold holdings instantly using blockchain technology. Libeara is a digital asset platform launched by Zodia Custody, a company backed by Standard Chartered and other investors. The partnership highlights growing institutional interest in using blockchain to trade traditional assets like precious metals. This method can increase speed and reduce paperwork compared to conventional systems. GIC has not disclosed the size of its investment. The fund stated the pilot transaction is part of its ongoing exploration of digital asset technology. Industry analysts view this as a significant step toward broader adoption of tokenized real-world assets by major global investors.