FundBridge Capital, a Singapore-based asset manager, unveiled the MG999 On-Chain Gold Fund — a private credit fund that leverages on-chain gold tokenization to access secured, gold-backed lending opportunities for institutional investors.
Issuance will occur on the Libeara platform, an on-chain tokenization ecosystem developed under SC Ventures from Standard Chartered, enabling programmable collateral and transparent settlement for tokenized assets.
Mustafa Gold has been cited as the fund’s inaugural borrower, underscoring the vehicle’s focus on gold-backed credit facilities within a regulated, crypto-enabled framework.
This framework aims to enhance liquidity and diversify access to private credit while delivering auditable capital flows for investors seeking asset-backed exposure in digital markets.
Source: https://en.coinotag.com/breakingnews/singapore-based-fundbridge-capital-launches-mg999-on-chain-gold-fund-for-private-credit-tokenization-on-libeara-platform
