The Delta Wellington Ultra Short Treasury On-Chain Fund (“ULTRA”) and MG 999 On-Chain Gold Fund (“MG999”) leverage Solana’s low-latency infrastructure to offer faster on-chain settlement and reduced settlement costs for tokenised real-world assets
SINGAPORE, 11 December 2025 – Libeara, a leading tokenisation platform supporting over US$1 billion in regulated on-chain real-world assets (RWA), together with FundBridge Capital, announced the successful integration of ULTRA and MG999 on the Solana network. ULTRA is an AAA-rated tokenised U.S. Treasury strategy managed by FundBridge Capital and sub-advised by Wellington Management, and MG999 is a secured private credit strategy designed to track the performance of gold spot price. ULTRA and MG999 is available on Ethereum, Arbitrum, and Avalanche. ULTRA currently has a combined Asset Under Management (AUM) of over US$195 million across the three networks, while MG999 is in pre-launch stage. Theo, a full-stack platform linking on-chain capital to global markets, has joined as the anchor investor in ULTRA on the Solana network, reinforcing market interest in ULTRA’s deployment on Solana.
This marks Libeara’s first live tokenisation on a non-EVM blockchain network. The expansion in on-chain compatibility allows the tokens to leverage the Solana network’s sub-second block time and near-zero transaction costs, offering authorized investors enhanced efficiency in the subscription, redemption, and transfer of tokenised fund units.
“Integrating ULTRA and MG999 onto the Solana network is more than just adding to a list of supported blockchain networks. Solana’s infrastructure allows users to reap the full benefits of tokenisation without high friction costs, and we look forward to seeing how this expansion, paired with Wellington Management’s world-class investment capabilities, drives meaningful value for users,” said Aaron Gwak, Founder & CEO of Libeara.
With over US$770 million TVL, Solana currently has less than a tenth of the US$12 billion in RWA on Ethereum (as at 8 December 2025, according to rwa.xyz), signifying further room for TVL growth on Solana in the RWA ecosystem.
“The deployment of ULTRA and MG999 on Solana proves that high-value assets require a high performance execution layer. We aren’t just seeing a treasury bill strategy put on a blockchain; we are seeing liquidity and programmability that traditional settlement rails simply cannot match. This is exactly the kind of composable, institutional-grade utility that Solana was built to scale.” said Nick Ducoff, Head of Institutional Growth, Solana Foundation.
ULTRA is currently available to authorized investors via FundBridge Capital, and Theo intends to subsequently support ULTRA on thBILL. ULTRA’s regulated and transparent structure backed by traditional finance safeguards makes it an ideal fit for Theo’s thBILL, which aims to bring institutional grade, short duration U.S. Treasury bills on-chain. Theo has committed to allocating US$25 million into ULTRA on the Solana network.
“We have seen major success as thBILL became the third-fastest product to reach $100 million in TVL, with over $200+M currently. With Solana’s tremendous growth over the last few years, we see a major opportunity in providing on-chain access to institutional-grade financial products on Solana,” said TK Kwon, Co-founder of Theo.
About Libeara
Libeara is rebuilding capital markets on-chain through its compliance-first approach to the tokenisation of real-world assets. The company is backed by the innovation arm of Standard Chartered, SC Ventures, whose mission is to rewire the DNA of banking. To date, Libeara’s infrastructure has supported the tokenisation of more than US$1 billion in regulated assets —including the world’s highest-rated tokenised U.S. Treasury fund and Asia’s first tokenised retail money market fund. With multi-chain interoperability and institutional-grade security and governance, Libeara is scaling access to real-world assets the right way – transparent, regulated, and on-chain.
For more information, visit libeara.com.
About Theo
Theo is an institutional-grade gateway connecting on-chain capital to global markets. Built by a team of ex-traders from industry-leading market makers and hedge funds, Theo prioritizes security, resiliency, and performance in enabling access to high-quality financial products. Theo raised $20 million in Series A funding led by Mirana Ventures, Hack VC and Anthos Capital with participation from leading venture capital firms and angels from Citadel, Jane Street, and J.P. Morgan. Learn more at theo.xyz.
About Wellington Management
Wellington Management is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,500 clients in more than 60 countries. The firm manages more than US$1.3 trillion, as of 30 September 2025, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients. Wellington aspires to provide excellent service to clients through a unique combination of independence enabled by its distinctive private partnership model, diverse perspectives through its unified, multi-asset investment platform, and relentless curiosity and intellectual rigor fostered by its enduring collaborative culture. For more information, visit wellington.com.
About FundBridge Capital
FundBridge Capital connects capital sources with investment opportunities, acting as a trusted partner in the financial landscape. Established in 2017 and regulated by the Monetary Authority of Singapore, the firm specializes in launching and managing regulated funds for high-net-worth individuals and institutions. For more information, visit fundbridge.sg.
Disclaimer: This press release is for informational purposes only and does not constitute an offer, solicitation, or recommendation to purchase or invest in any financial product. The product in this press release is only available to accredited investors and institutional investors through regulated intermediaries and is not intended for persons who are not such investors.
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