ULTRA, 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 Delta Wellington Ultra Short Treasury Onchain Fund. [S1][S2]

Each ULTRA token represents a unit of ownership in a regulated fund whose underlying assets are Delta Wellington Ultra Short Treasury Onchain Fund (ULTRA), 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 senders (weekly) methodology

## 1. Overview

`Asset senders (weekly)` is defined as the number of unique addresses that initiate asset transfers over a rolling 7-day period. For each tracked asset, outgoing transactions are analyzed to identify the addresses responsible for moving tokens. This metric is utilized as a key indicator of weekly user activity and transactional engagement for tokenized assets across various blockchain networks. By aggregating unique sending addresses within a moving 7-day window, short-term fluctuations are smoothed out to provide a clearer view of active adoption.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: Token transfer instructions
- **Other blockchain data**: Token transfer and withdrawal events from Aptos, Near, Polkadot Asset Hub, Stellar, Sui, Ripple, and others
- **Asset metadata**: Token contract addresses and asset mapping datasets

## 3. Step-by-step calculation

### Component A: Extraction of daily sending addresses

- **Purpose**: Identify and extract unique addresses initiating token transfers on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, sending addresses are extracted from ERC-20 token transfers where the sender address is not the null address. On Solana, sending addresses are identified from token transfer instructions using the authority address. On Aptos, Sui, Cardano, and Stellar Classic, sending addresses are retrieved from token withdrawal events. On Stellar Soroban, transfers are parsed from Soroban token transfer events, excluding mint transactions where the sender address is null. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed to identify the sender. On Ripple, outgoing transfers are identified where the transaction value is negative. On Near and Injective, sending addresses are extracted from token transfer events where the sender address is populated.
- **Key fields**: `timestamp` (block time truncated to the day), `token_address` (the contract or asset identifier), `sender_address` (the address initiating the transfer)

### Component B: Rolling 7-day window aggregation

- **Purpose**: Aggregate daily active senders into a rolling 7-day window to calculate weekly activity.
- **Logic**: A daily datespine is generated to establish a continuous timeline. For each day in the timeline, a rolling 7-day window is constructed by looking back at the preceding six days. Daily unique sending addresses are mapped to each active window based on their transaction timestamps.
- **Key fields**: `timestamp` (the reference day for the rolling window), `token_address` (the asset identifier), `sender_address` (the address active within the window)

### Component C: Final deduplication and aggregation

- **Purpose**: Calculate the final weekly unique sender count per asset and chain.
- **Logic**: Within each rolling 7-day window, sending addresses are deduplicated to ensure each unique address is counted only once per asset, regardless of transaction frequency. The deduplicated counts are aggregated at both the individual chain level and the global asset level. Missing dates are filled with zero values to maintain a continuous time series.
- **Key fields**: `timestamp` (the reference day), `chain_id` (the blockchain identifier), `token_address` (the asset contract address), `asset_senders_weekly` (the count of unique weekly sending addresses)

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

Unique asset senders over a rolling 7-day window.

Asset senders (weekly)

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

Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA) is a tokenized fund share issued by Libeara through Delta Wellington Ultra Short Treasury On-Chain Fund and managed by FundBridge Capital Pte. Ltd. with Wellington Management as sub-advisor.

The fund is open-ended and invests in U.S. government debt.

Its assets sit with Standard Chartered Bank.

Accredited investors and institutions can subscribe and redeem in USDC.

Delta Wellington Ultra Short Treasury On-Chain Fund is incorporated in Singapore and is offered under an SEC Regulation D exemption.

ULTRA has been issued on public blockchains since February 2025 and is native to Ethereum, Arbitrum One, Avalanche, and Solana.

Delta Wellington Ultra Short Treasury On-Chain FundULTRA