Singapore-based digital asset infrastructure firm Libeara, announced Tuesday the successful close of a $14 million strategic funding round led by global market maker GSR.
The round introduces notable regional distribution and ecosystem partners such as Openspace Capital, Kyobo Life Insurance Group, AlloyX, Monk’s Hill Ventures, Kaia Investment Partners and Simsan Ventures, Libeara said in a statement.
According to the statement, the capital will allow Libeara to accelerate its global expansion as a primary provider of tokenization infrastructure, furthering its goal of enabling financial institutions and asset managers to issue and distribute digital assets seamlessly.
“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.
Openspace Capital, a venture capital firm in Southeast Asia, whose portfolio spans early-stage to growth technology companies across Web3 and enterprise software, joins the round with a conviction that tokenized assets represent a core component of next-generation financial markets.
“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.
Chris Shin, Director and Head of Global Strategic Partnerships of Kyobo Life Insurance, said Libeara brings exactly the kind of regulated, institutional-grade tokenization infrastructure that ecosystems need to mature.
“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.
Kyobo Life Insurance Group has ramped up its focus on the tokenisation of Real World Assets (RWA) and the application of digital assets in many of its affiliate businesses within South Korea.
Uno Lee, Chief Executive Officer of Kaia Investment Partners, said Libeara is building the institutional-grade tokenization infrastructure needed to bring regulated real-world assets into 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.
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