Overview
- MG 999 issues tokens engineered to track spot gold without holding bullion, providing synthetic exposure on Libeara’s blockchain ledger.
- The fund is available only to institutional and accredited investors in Singapore, with FundBridge designing the structure to meet regulated fund standards and eliminate vaulting and logistics costs.
- A lending sleeve supports working‑capital loans to jewelry retailers, with Mustafa Gold named as the first borrower using inventory as collateral while keeping items on display.
- The offering complements a separate physically backed gold fund launched last month in Singapore, where Standard Chartered serves as custodian for bullion stored at the Le Freeport facility near Changi Airport.
- Libeara is backed by Standard Chartered’s SC Ventures, which also holds stakes in Zodia Custody and Zodia Markets, and the launch coincides with central‑bank reserve building and analyst reports that President Donald Trump’s tariffs are fueling safe‑haven demand.