Theo has already become the favored child of Stable.
Just now, Stable and @Theo_Network announced a joint investment of over 100 million USD into ULTRA.
A deeper look reveals a carefully constructed "Singaporean" financial network behind this.
1/ What is ULTRA?
ULTRA is managed by FundBridge Capital and Wellington Management, and is one of the first tokenized U.S. Treasury funds to receive a Particula AAA rating.
What does this AAA rating mean?
- The highest credit rating with near-zero default risk
- Institutional-level risk control standards
- Regulatory compliance infrastructure, achieved through the Libeara platform
The key lies in the asset management firms behind it.
Wellington Management manages over 12 trillion USD in assets and is one of the largest independent investment management companies in the world;
FundBridge Capital is regulated by the Monetary Authority of Singapore and is a leading independent fund management company in Singapore.
2/ The strategic layout of the "Singaporean" network
A close look at the investment landscape of the participants reveals an interesting pattern.
FundBridge Capital has only invested in 3 projects in the Crypto space: Coinbase, FalconX, and Anchorage, all of which are industry giants at the infrastructure level.
Coincidentally, GIC (Government of Singapore Investment Corporation) led FalconX's 150 million USD Series D funding round, valuing it at 8 billion USD; at the same time, GIC is also the lead investor in Anchorage.
What does this mean?
The Singapore national team is systematically laying out the crypto infrastructure through GIC.
- FalconX - Institutional trading platform
- Anchorage - Institutional-level custody
- Now entering tokenized asset management through ULTRA
3/ The imaginative space of this model
Traditional financial institutions have already established a path to enter the blockchain through tokenization.
→ Regulatory compliance (Singapore MAS)
→ Technical infrastructure (Libeara)
→ Asset management (Wellington)
→ Rating certification (Particula AAA)
→ On-chain deployment (multi-chain compatible)
The 100 million USD investment from Stable and Theo is essentially providing initial liquidity for this new financial infrastructure.
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