Libeara, a blockchain platform supported by SC Ventures of Standard Chartered, has partnered with FundBridge Capital to launch a tokenized gold fund, MG 999, in Singapore. The fund's tokens are pegged to the spot price of gold and are targeted at professional and institutional investors. This innovative fund eliminates the need for physical custody costs, allowing investors to gain exposure to gold directly through tokens. Additionally, the fund can be used to provide financing to gold retailers, with Mustafa Gold being the first borrower.