In GSR-led strategic round, Singapore’s Libeara gets $14 M to expand infrastructure for regulated digital assets
Global market maker GSR led a $14 million strategic fundraising round that Libeara, a Singapore-based digital asset infrastructure company, disclosed on Tuesday.
According to a release from Libeara, the investment brings together prominent regional distribution and ecosystem partners such Openspace Capital, Kyobo Life Insurance Group, AlloyX, Monk’s Hill Ventures, Kaia Investment Partners, and Simsan Ventures.
The funding, according to the release, will enable Libeara to expedite its global expansion as a leading supplier of tokenization infrastructure, advancing its objective of facilitating the seamless issuance and distribution of digital assets by asset managers and financial institutions.
“Bringing in these partners provides us a distinct edge in localizing and scaling our infrastructure across diverse markets, making tokenized regulated assets available to more investors globally,” said Aaron Gwak, Founder and Chief Executive Officer of Libeara.
“This round assembles exactly the right combination of traditional financial markets, technology, and ecosystem reach to build institutional-grade tokenized markets at scale,” he added.
Tokenized assets are a key component of next-generation financial markets, according to Openspace Capital, a Southeast Asian venture capital firm whose portfolio includes early-stage to growth technology startups in Web3 and enterprise software.
“Libeara has built the institutional-grade rails that serious capital markets demand,
“We believe Libeara is the platform that will set the standard for how tokenised assets scale across Asia and globally,” said Shane Chesson, Founding Partner of Openspace Capital.
According to Chris Shin, Director and Head of Global Strategic Partnerships at Kyobo Life Insurance, Libeara provides precisely the institutional-grade, regulated tokenization infrastructure required for ecosystems to develop.
“We are exploring the potential for greater convergence between traditional finance and on-chain infrastructure, particularly in markets where such innovation can create meaningful value,” he added.
In many of its subsidiary companies in South Korea, Kyobo Life Insurance Group has increased its emphasis on the tokenization of Real-World Assets (RWA) and the use of digital assets.
According to Uno Lee, CEO of Kaia Investment Partners, Libeara is developing the institutional-grade tokenization infrastructure required to integrate regulated real-world assets with on-chain finance.
“We believe the global increase in the adoption of stablecoins will drive demand for savings, yield, and RWA products, and that Libeara is well positioned to support this next phase of digital finance in Asia,” he added.
