The fund is issued through Libeara, a tokenisation platform backed by Standard Chartered’s SC Ventures. It is designed to track the performance of the gold spot price and generate a yield.
Mustafa Centre is a popular bricks-and-mortar shopping centre near Serangoon Road, which is dotted with numerous other jewellery retailers dazzling shoppers with bracelets, chains and other gold accessories.
While very much keeping this physical presence — Mustafa’s online shopping website was only launched last October — the business of buying and selling gold by Mustafa has gone digital. On Dec 11, 2025, it was announced that Mustafa Gold, an associate of the Mustafa Group, was the very first borrower of the first on-chain tokenised gold private credit fund, MG999.
