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Standard Chartered launched a tokenized gold fund in Singapore on Monday, offering institutional investors synthetic exposure to gold prices through blockchain tokens.
The MG 999 fund, built by SC Ventures with blockchain firm Libeara and FundBridge Capital, targets accredited investors seeking regulated digital alternatives to physical bullion.
The initiative continues Standard Chartered’s broader digital-asset expansion, cementing the MG 999 tokenized gold fund as a cornerstone of the bank’s tokenization roadmap in Asia.
The MG 999 tokenized gold fund provides blockchain-issued tokens engineered to track the spot price of gold without the physical holdings traditionally required by gold-backed products. FundBridge Capital emphasized that the structure removes the need for logistics and vaulting while retaining accurate market exposure.
“FundBridge’s priority is to bridge traditional fund governance with emerging digital infrastructure,” said CEO Sue Lynn Lim in a statement. “We’ve worked closely with our partners to ensure the framework meets the standards of a regulated fund environment while advancing the use of real-world assets on-chain.”
Targeted exclusively at institutional and accredited investors, the MG 999 tokenized gold fund aims to capture a growing segment of the market seeking asset-backed digital strategies at a time when global gold consumption—driven by central bank accumulation and geopolitical strain—is near multi-year highs.
The product’s launch also reinforces Singapore’s momentum as a regional center for blockchain-based financial instruments, marking the MG 999 tokenized gold fund as a benchmark for other institutions evaluating tokenized commodities.
SC Ventures continues to scale its digital-asset operations in Asia through platforms such as Zodia Custody and Zodia Markets, both designed to support institutional-grade crypto and tokenization services.
The introduction of the MG 999 tokenized gold fund aligns with the bank’s trajectory in tokenizing real-world assets, including bonds, funds, treasury products, and precious metals.
This launch follows Standard Chartered’s involvement in a separate physically backed gold fund in Singapore last month, where the bank served as custodian for bullion secured at the Le Freeport vault near Changi Airport.
That product targets investors who prefer allocated metal rather than synthetic exposure, highlighting Standard Chartered’s dual-path strategy: physical bullion offerings alongside digital gold frameworks like the MG 999 tokenized gold fund.
Demand conditions lend further support to the bank’s approach. Central banks worldwide have increased bullion reserves throughout the year, motivated by concerns over the long-term dominance of the U.S. dollar and ongoing geopolitical uncertainty.
Analysts also note that shifts in U.S. trade policy under President Donald Trump have intensified the appeal of safe-haven assets, providing favorable market conditions for tokenized gold strategies such as the MG 999 tokenized gold fund.
One of the distinctive features of the MG 999 tokenized gold fund is its lending sleeve, which channels credit to Singapore’s jewelry retail sector. Mustafa Gold, a leading retailer in the city-state, became the fund’s first borrower, leveraging gold jewelry inventory as collateral while keeping the pieces available for customers.
“Gold-linked tokens are quite unique and complex,” said Mustaq Ahmad, founder of Mustafa Gold. “MG 999 lets retailers tap digital innovation and better manage working-capital needs.”
The lending structure positions the MG 999 tokenized gold fund as more than just a synthetic commodity exposure tool—it becomes a liquidity mechanism for a traditionally inventory-heavy industry, demonstrating practical utility beyond digital asset speculation.
The debut of the MG 999 tokenized gold fund signifies a broader shift in institutional portfolio strategy toward blockchain-native instruments that can replicate traditional commodities. As tokenization gains traction among major financial institutions, Singapore remains a primary testing ground, offering regulatory clarity and sophisticated investor demand.
With Standard Chartered’s backing and FundBridge’s regulatory expertise, the MG 999 tokenized gold fund positions itself to become a defining case study in the shift toward synthetic, tokenized real-world assets.
As geopolitical pressures, gold demand, and digital asset maturity continue converging, institutional reliance on tokenized structures appears set to deepen.
