Moody's has rated the first fund to use Standard Chartered's tokenization platform

ChainCatcher news, according to The Block, the rating agency Moody's has rated the SGD Delta Fund, the first fund using Standard Chartered Bank's SC Ventures tokenization platform Libara. The credit quality of the fund's underlying assets is rated AAA, but it received a rating of AA. Moody's indicated that there are risks related to the fund manager's lack of track record in managing similar strategy unit trusts.

It is reported that the SGD Delta Fund is a tokenized Singapore dollar government bond fund issued by Singapore's FundBridge Capital on Ethereum and Stellar. It is the first fund to use Standard Chartered Bank's SC Ventures tokenization platform Libara, primarily investing in high-quality Singapore government securities.