FundBridge Capital has launched the MG999 On-Chain Gold Fund, the region’s first tokenized private credit fund aimed at generating yield from gold. The fund allows investors to access spot gold prices without incurring storage, insurance, or transportation costs. Fund units are issued on Libeara’s tokenization platform, which currently supports over $1 billion in on-chain, regulation-compliant assets.
The fund’s structure generates profits from gold price fluctuations combined with lending yields, transforming gold from a “negative carry” asset into an income-generating instrument. Mustafa Gold, a subsidiary of the Mustafa Group in Singapore, is the first borrower, using the fund to optimize working capital.
FundBridge stated that MG999 combines traditional financial oversight with blockchain infrastructure, while Libeara provides Web3 technology to help the gold industry transition to a yield-bearing asset model.
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