Stable, Theo Anchor $100M+ in Libeara-Backed Tokenized Treasury Fund ‘ULTRA’

Core Insights - Stable and Theo have jointly committed over $100 million to the Delta Wellington Ultra Short Treasury On-Chain Fund (ULTRA), a tokenized U.S. Treasury fund managed by FundBridge Capital and Wellington Management, utilizing the tokenization platform Libeara [1][2] Group 1: Fund Overview - The ULTRA fund has received a rare AAA rating from Particula, indicating its institutional-grade quality and is one of the first major Treasury strategies available in tokenized form on Stable's USDT-powered stablechain [2] - The capital infusion into ULTRA provides immediate liquidity for institutional investors looking to access short-duration U.S. Treasury bills on-chain [2] Group 2: Market Trends - Institutional interest in the tokenization of traditional assets remains strong, with projections estimating that the tokenization of real-world assets could grow to $10 trillion by 2030 [3] Group 3: Product Features - Theo's thBILL token offers on-chain access to yield-bearing assets, allowing investors to gain exposure to ULTRA's underlying Treasury strategy [4] - Libeara ensures compliance with regulatory standards through its tokenization infrastructure, enhancing the fund's credibility [4][8] Group 4: Strategic Partnerships - The partnership involves investment leadership from Wellington Management, fund expertise from FundBridge Capital, and secure custody services from Standard Chartered [5] - Stable aims to provide foundational financial infrastructure for institutions, facilitating access to previously unreachable on-chain financial products [5] Group 5: Technical Advantages - Theo's co-founder highlighted that Stable's architecture, utilizing USDT as native gas and offering sub-second finality, addresses barriers to tokenized asset adoption, promoting rapid growth for products like thBILL [6] Group 6: Growth Metrics - Theo's thBILL has quickly surpassed $200 million in assets under management, becoming the third-fastest tokenized Treasury product to reach $100 million [7] - Libeara's digital infrastructure supports over $1 billion in compliant tokenized assets globally [7]