Qorus-Infosys Finacle Banking Innovation Awards 2024

Tokenised Treasury Direct System for Governments

premium
Q+
06/06/2024 Banking Innovation

About

Libeara - Tokenised “Treasury Direct” System for Governments

Innovation presentation

Today's securities infrastructure is both complex and exclusive, posing challenges for issuers and investors with unnecessary intermediaries and leaving retail investors and end-users on the sidelines.

So here is the why of Libeara - Tokenised “Treasury Direct” System for Governments.

Libeara aims to eliminate the prevailing network of complex intermediaries and reduce the minimum denomination of government issued bonds to single digits. The issuance process is modelled after the existing government bond process to support existing stakeholders, workflows, laws and regulations, while offering significant time, cost and operational efficiencies compared to the existing process.

Libeara has built and tested an end-to-end platform for the issuance, administration, ownership and exchange of Government Securities in digital form. This system not only provides a primary distribution channel for government securities, but also establishes a secondary exchange platform. Users can efficiently manage tokens through secure digital wallets, redeem, and transfer them using blockchain technology, ensuring immutable records of asset ownership.

So far, Libeara has charted its success by launching the 1st tokenised SGD Government Bond Fund in Singapore, being shortlisted for Bank of Ghana CBDC Hackathon in Ghana, successfully prototyping a retail platform for Tokenised Green Bonds in Hong Kong, and collaborating with Union Bank of the Philippines on Philippines’s 1st tokenised Retail Government Bond.

Uniqueness of the project

Libeara expounds upon the values and advantages inherent in Government Bonds to a diverse spectrum of stakeholders, including investors, Bond Issuers, and Regulators.

Libeara offers distinct advantages tailored to various stakeholders. For sovereign issuers, it streamlines primary market processes with automation, enhancing efficiency. It also provides comprehensive asset services throughout bond life cycles and facilitates smoother secondary trading for investors while offering real-time insights into investor behavior. Regulators benefit from Libeara's transparent transaction traceability, ensuring compliance with regulations and real-time visibility into government bond holders. For investors, Libeara ensures a seamless transition between web and app platforms for investment management, grants hassle-free onshore banking connectivity, and offers the flexibility of investing in single-digit denominations.

Want to keep reading?

Become a Qorus member to get access to all our innovations

Interested in learning more? Speak to Boris, Qorus's Content Lead

Qorus has a library of almost 8,000 innovation case studies across critical areas like customer experience, sustainability, marketing & distribution and more that can be used to inform your decision-making.
Contact us

Related innovations

15/04/2024 Banking Innovation

DCM | Digital Currency Management

DCM Platform is a trailblazing SaaS for assets tokenization and financial messaging processing, enabling two times cheaper instant payments and...

20/09/2023 Banking Innovation

Nedbank Metaverse Golf Challenge

Amplifying an iconic event, Africa's Major, leveraging Web3 and being the first financial services provider in Africa to enter the...

19/09/2023 Banking Innovation

Token Market Cap

Token Market Cap is the first independent and comprehensive information platform on all asset tokens in Switzerland

19/09/2023 Banking Innovation

“Doar Sonhos” – The first Social NFT from one of the largest Brazilian private banks

How can an experience with NFTs educate and insert a bank into the web3 agenda while encouraging and diversifying revenue...