Stable and Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’
Stable and Theo committed over $100 million to ULTRA, a tokenized U.S. Treasury fund managed by FundBridge Capital and Wellington Management.Summary
Stable, a stablecoin blockchain, and Theo, an onchain capital platform, jointly committed over $100 million to the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA). This tokenized U.S. Treasury fund is managed by FundBridge Capital and Wellington Management and powered by Libeara's tokenization platform. The fund holds a rare AAA rating from Particula and provides immediate liquidity for institutional investors seeking on-chain access to short-duration U.S. Treasury bills, signaling sustained institutional interest in asset tokenization. Theo's thBILL token grants investors exposure to the fund's yield, while Libeara ensures regulatory compliance. The partnership leverages Wellington Management's investment expertise, FundBridge Capital's fund knowledge, and Standard Chartered’s custody services, with Libeara being backed by SC Ventures, Standard Chartered Bank's innovation arm.
(Source：CoinDesk)