Singapore-based tokenisation platform Libeara has closed a $14 million strategic funding round led by crypto market maker GSR , with participation from Openspace Capital, Kyobo Life Insurance Group, AlloyX, Monk's Hill Ventures, Kaia Investment Partners, and Simsan Ventures.
The capital is earmarked for global expansion, with Libeara positioning itself as primary infrastructure for financial institutions and asset managers issuing and distributing tokenised assets. The investor mix is notable for its combination of Southeast Asian venture capital, Korean institutional finance, and crypto-native firms — a configuration that reflects the distribution challenge at the centre of the RWA market: building rails that work for traditional capital, not just on-chain native participants.
Aaron Gwak, Founder and CEO of Libeara, said the round assembles "the right combination of traditional financial markets, technology, and ecosystem reach to build institutional-grade tokenised markets at scale." Kyobo Life Insurance — one of South Korea's largest life insurers — has been actively expanding its focus on real-world asset tokenisation across its affiliate businesses, and its participation adds a direct line to a market where regulatory frameworks for digital assets have been developing faster than in much of Southeast Asia.
Openspace Capital, whose portfolio spans Web3 and enterprise software across the region, framed the investment as a conviction bet on tokenised assets as a structural component of next-generation capital markets. Kaia Investment Partners flagged stablecoin adoption as the upstream driver: as stablecoins achieve wider use, the demand for yield-bearing and RWA products denominated in or settled with them tends to follow.
Libeara launched publicly in 2023 and has been building regulated tokenisation infrastructure primarily for the Asian market, where several jurisdictions — Singapore, Hong Kong, and South Korea among them — have moved deliberately towards establishing frameworks for institutional digital asset activity.
The fundraise arrives as the RWA tokenisation sector has drawn significant institutional attention, with Boston Consulting Group and others projecting the market for tokenised assets could reach into the trillions over the next decade. Libeara's infrastructure play is a bet that the institutional on-ramp — compliance, custody, distribution — remains the unsolved layer.
