Libeara, the SC Ventures-backed tokenisation platform, has announced a new funding round led by GSR, with participation from AlloyX and Monk’s Hill Ventures. The capital will go toward expanding Libeara’s compliant on-chain infrastructure, helping financial institutions and asset managers issue tokenised assets and plug into institutional distribution networks and liquidity channels.
The announcement comes just weeks after Libeara secured a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore in March 2026 — a regulatory milestone that puts the platform on firmer footing as it eyes broader market reach.
For GSR, which recently bolstered its advisory arm through the acquisitions of Autonomous and Architech, the deal represents a progression.
“Tokenisation is no longer a thesis, it’s a market in formation,” said CJ Fong, APAC General Manager at GSR. “As the market scales, it needs the liquidity infrastructure and institutional connectivity that serious capital demands.”
GSR’s head of venture investment and corporate development, Quynh Ho, was equally direct about the strategic rationale: tokenised money market funds and treasuries introduce a new class of yield-bearing collateral that improves capital efficiency across GSR’s platform.
To date, Libeara’s infrastructure has supported the tokenisation of over US$1 billion in regulated assets, including a top-rated tokenised U.S. Treasury fund and the first tokenised retail money market fund in Asia.
“Tokenisation only delivers real value when it is built on compliant, institutional-grade infrastructure,” said Aaron Gwak, Founder and CEO of Libeara. “Combining our tokenisation platform with GSR’s liquidity and distribution capabilities is the groundwork for scalable, institutional-grade tokenised markets.”
According to the announcement, the GSR-Libeara partnership is structured around closing gaps across four areas: origination (bringing real-world assets including funds, credit, equities, commodities, and balance sheets on-chain); market infrastructure (combining issuance, advisory, and trading capabilities); distribution (connecting Libeara’s regulated platform to GSR’s global institutional network); and liquidity (supporting active secondary markets through GSR’s market-making capabilities).
The Bigger Picture
The tokenised asset market grew almost five-fold since January 2025, approaching $30 billion in value, and a Standard Chartered and Synpulse report projects it could reach $30 trillion by 2034. That kind of growth trajectory has been pulling in institutional players at pace — and Singapore, with its MAS licensing framework and fintech-friendly posture, has emerged as a key arena for the action.
Libeara’s SC Ventures parentage gives it a credible bridge to the traditional finance world. GSR’s involvement now adds institutional crypto-native distribution and liquidity credibility. For a sector that has long struggled to prove it can operate at scale within regulatory guardrails, this is a combination worth watching.