Libeara, a provider of tokenisation infrastructure for regulated digital assets, has closed a $14m strategic funding round led by GSR, a global market maker.
The round also brought in Openspace Capital, Kyobo Life Insurance Group, AlloyX, Monk's Hill Ventures, Kaia Investment Partners and Simsan Ventures as regional distribution and ecosystem partners.
Proceeds from the raise will be used to accelerate Libeara's international growth as it works to become a primary provider of tokenisation infrastructure, with the aim of enabling financial institutions and asset managers to seamlessly issue and distribute digital assets.
Openspace Capital, a Southeast Asian venture capital firm whose portfolio spans early-stage to growth technology companies across Web3 and enterprise software, joins the round with the view that tokenised assets will form a central part of next-generation financial markets. Kyobo Life Insurance Group, meanwhile, has been deepening its focus on the tokenisation of Real World Assets (RWA) and the use of digital assets across several of its affiliate businesses in South Korea.
Libeara provides institutional-grade tokenisation infrastructure designed to allow financial institutions and asset managers to issue and distribute digital assets within a regulated framework, with ambitions to serve diverse markets across Asia and globally.
Libeara founder and CEO Aaron Gwak said, 'Bringing in these partners provides us a distinct edge in localising and scaling our infrastructure across diverse markets, making tokenised regulated assets available to more investors globally.' Gwak added, 'This round assembles exactly the right combination of traditional financial markets, technology, and ecosystem reach to build institutional-grade tokenised markets at scale.'
Openspace Capital founding partner Shane Chesson said, '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.'
Kaia Investment Partners CEO Uno Lee said, 'Libeara is building the institutional-grade tokenisation 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.'