SC Ventures, the fintech investment arm of Standard Chartered, is to collaborate with the art and technology platform BitBasel to explore the tokenization of high-value art pieces.
Standard Chartered's Tokenization Venture Eyes Art-Based RWAs
31 March 2026 - 09:00 CEST
Libeara, SC Ventures’ institutional-grade tokenization platform, has signed a Memorandum of Understanding (MoU) with BitBasel to evaluate one or more projects that would turn physical art into real-world asset (RWA) tokens. One piece under consideration is the casting of Michelangelo’s Battle of the Centaurs rendered in pure silver, which has been appraised at approximately $45mn.
Tapping creative sector for tokenization
The collaboration is the latest example of how financial firms are tapping the boom in tokenization and bridging traditional assets with the digital economy.
"Our launch in Hong Kong represents a major milestone for BitBasel and a strategic entry into one of the world’s leading financial and cultural hubs. We see Hong Kong as the ideal home base for our APAC expansion, where institutional capital, global art markets, and forward-thinking regulation converge," Scott Spiegel, CEO and founder of BitBasel, told Sandmark.
Libeara’s infrastructure has supported the tokenization of more than $1bn in
regulated assets, including a US Treasury fund and the first tokenized retail money market fund in Asia.
(This article was corrected to clarify that Libeara has signed the MoU with BitBasel, not SC Ventures).
