BELIF, issued by FundBridge Capital and tokenised on the Libeara platform, is a tokenized fund unit that gives the tokenholder exposure to a regulated fund holding Bosera Digital Liquidity Income Fund SP. [S1][S2]

Each BELIF token represents a unit of ownership in a regulated fund whose underlying assets are Bosera Digital Liquidity Income Fund SP (BELIF), and the token tracks the fund NAV so that returns derive from the underlying portfolio performance rather than a fixed coupon. [S2][S1] The strategy is managed by FundBridge Capital and may be sub-advised by managers such as Wellington Management. [S2] No specific management, subscription, or redemption fee applies beyond the fund terms. [S2]

FundBridge Capital is a Singapore-based MAS-regulated fund manager, with funds established under the Delta Master Trust structure and units representing fund ownership interests. [S1][S2] Libeara (Singapore) Pte. Ltd., UEN 2023025850G, registered at 28 Stanley Street, Singapore, supplies the tokenisation infrastructure and received in-principle approval from the Monetary Authority of Singapore for a Capital Markets Services licence dated 21 August 2025. [S3][S4] Tokens are offered only to accredited, qualified, and institutional investors after KYC and AML onboarding. [S2][S5] The Delta platform facilitates subscription, issuance, transfer, and redemption of units, with Standard Chartered Bank acting as custodian. [S2][S6]

Libeara provides the compliant smart-contract infrastructure, wallet integrations, and onboarding flows underpinning onchain issuance. [S1][S5] Tokens are issued natively on Ethereum, with availability across Arbitrum as an Ethereum Layer 2, Solana, and Avalanche. [S7][S2] Units are minted on subscription and redeemed via the Delta platform, with intraday redemption technology provided by Ondo Finance and access available via USDC and fiat. [S2] Token value tracks the published fund NAV. [S2]

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://libeara.com/fundbridge-capital-and-libeara-bring-regulated-tokenized-treasury-fund-on-chain-with-arbitrum/" },
    { id: "S2", url: "https://libeara.com/libeara-partners-with-wellington-and-fundbridge-capital-to-launch-a-u-s-treasuries-fund-tokenised-on-public-blockchain/" },
    { id: "S3", url: "https://libeara.com/terms-and-conditions/" },
    { id: "S4", url: "https://libeara.com/libeara-receives-in-principle-approval-for-capital-markets-services-license-from-monetary-authority-of-singapore/" },
    { id: "S5", url: "https://libeara.com/digift-fundbridge-and-libeara/" },
    { id: "S6", url: "https://libeara.com/press-release3/" },
    { id: "S7", url: "https://libeara.com/" },
  ]}
/>


# Asset transfer volume methodology

## 1. Overview

Asset transfer volume is defined as the total value of assets transferred onchain. Since transaction fees are paid by users for each transfer, a correlation is typically observed between this metric and the customer demand that exists to use an asset for transacting purposes. Daily transfer volumes are aggregated across all supported blockchains, normalized by decimal precision, and converted into USD. To ensure an accurate representation of economic activity, transactions involving non-circulating treasury or premint addresses are subtracted where applicable.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, Tron, Starknet, zkSync Era, and others)
- **Solana instructions**: SPL token transfers, mints, and burns
- **Aptos events**: Token withdraw events
- **Near events**: Token transfer events
- **Polkadot Asset Hub events**: `Transferred` events from the `assets` pallet
- **Cardano UTXO transactions**: Token deposits, withdrawals, and mint/burn events
- **Stellar operations**: Classic token withdrawals and Soroban SEP-41 token transfers
- **Sui transactions**: Token withdrawals and `TreasuryCap` supply changes
- **Algorand transactions**: Asset transfer transactions
- **Injective events**: Token transfer, mint, and burn events
- **Stacks transactions**: Token transfer events
- **Asset metadata**: Token contract addresses and decimal precision
- **External data**: End-of-day price feeds and fiat exchange rates

## 3. Step-by-step calculation

### Component A: Raw transfer volume extraction

- **Purpose**: Extract raw token transfer quantities from onchain events and transactions
- **Logic**: On EVM-compatible chains, token transfer quantities are extracted from ERC-20 `Transfer` events. On Solana, quantities are extracted from SPL token transfers, mints, and burns. On Aptos, Near, Algorand, Injective, and Stacks, transfer volumes are parsed from native token transfer and withdrawal events. On Polkadot Asset Hub, volumes are extracted from `Transferred` events emitted by the `assets` pallet. On Cardano, UTXO withdrawals and mint events are aggregated to capture all token movements. On Stellar, classic token withdrawals and Soroban SEP-41 transfer, mint, and burn events are parsed. On Sui, token withdrawals are combined with mint events derived from `TreasuryCap` supply changes.
- **Key fields**: `timestamp` (the day of the transfer) `token_address` (the contract or asset identifier) `amount` (the raw transfer quantity)

### Component B: Premint and preburn correction

- **Purpose**: Exclude non-circulating token movements to isolate genuine economic transfer volume
- **Logic**: For supported chains, raw transfer volumes are corrected by subtracting premints and preburns. Premints are defined as tokens minted directly into designated project treasury or premint addresses, while preburns are represented by tokens burned directly from these non-circulating addresses. On EVM-compatible chains, Solana, Injective, Stacks, and Stellar Soroban, these flows are identified by filtering transfers where the sender or recipient matches a known treasury address. On Algorand, transfers between asset configuration addresses and treasury addresses are subtracted. On Cardano, deposits to and withdrawals from treasury addresses during mint or burn transactions are netted out.
- **Key fields**: `amount` (the corrected transfer quantity) `token_address` (the contract or asset identifier) `timestamp` (the day of the transfer)

### Component C: Decimal normalization and zero-filling

- **Purpose**: Normalize token quantities to human-readable units and ensure continuous daily time series
- **Logic**: Raw token quantities are normalized by the decimal precision retrieved from the asset metadata. For days with no recorded transfer activity, the time series is filled with zero values to maintain a continuous daily record for each asset.
- **Key fields**: `amount` (the normalized transfer quantity) `decimals` (the decimal precision of the token)

### Component D: USD conversion and final aggregation

- **Purpose**: Convert normalized transfer volumes to USD and aggregate across all chains
- **Logic**: Normalized daily transfer volumes are multiplied by the end-of-day price feeds sourced from market data providers. For assets pegged to fiat currencies other than USD, daily exchange rates are applied using Chainlink FX price feeds to determine the USD-equivalent value. The final daily asset transfer volume is calculated by summing the USD-denominated transfer volumes across all active chains for each asset.
- **Key fields**: `price_usd` (the end-of-day market price of the asset in USD) `amount_usd` (the final transfer volume in USD)

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Asset transfer volume

Tokenized funds

The platform operates through three main products: Delta for regulated fund managers to issue tokenized fund units, Bravo for government treasuries to issue tokenized bonds directly, and Tango for general-purpose security token issuance across multiple asset classes. Libeara purchases and holds full bonds or assets, then reflects investors' legal partial ownership through secure blockchain ledgers with built-in KYC/AML compliance and multi-chain support.

Libeara operates a comprehensive asset tokenization platform that enables the conversion of traditional financial instruments into blockchain-based tokens, including government bonds, fund units, and various securities. The platform democratizes access to traditionally high-denomination investments by allowing fractional ownership through tokenization, making government bonds and other assets available in single-digit denominations rather than requiring minimums of $100,000 or more.

Libeara is a Standard Chartered Ventures incubated tokenization platform that creates more accessible, transparent, and secure markets for real-world assets. The company has been tested through national-level financial projects across Singapore, Hong Kong, Ghana, and the Philippines.

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Real-world asset (RWA) issuers

Libeara

Bosera Digital Liquidity Income Fund SP (BELIF) is a tokenized fund share issued by Libeara.

BELIF has been issued on Ethereum as an ERC-1404 token since October 2025.

Bosera Digital Liquidity Income Fund SPBELIF