Libera and FundBridge Capital are launching a tokenized U.S. Treasury (T-Bill) fund on the Avalanche (AVAX) network.
Avalanche said in a post on X that the Delta Wellington Management Short Treasury On-Chain Fund "is designed to provide a transparent, auditable and efficient way to access U.S. Treasury bonds on the chain," and the fund's structure supports the subscription, transfer and redemption of tokenized U.S. Treasury bonds.
Libera is a Singaporean tokenization platform, and FundBridge provides compliance tools for investment managers.